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XLime Is Bringing Its New, More Eco-Friendly Scooters to LA
The first Lime electric scooters hit the streets of Los Angeles in June 2018, some nine months after rival e-scooter startup Bird first took flight in Santa Monica. In the years since, Lime has battled Bird and a wave of other micromobility operators for market dominance—seeking to transform the urban transportation landscape while facing losses, regulatory backlash and even destructive anti-scooter sentiment.
Now, Lime is upping the ante in the great e-scooter wars once again by bringing its latest e-scooter model—the Lime Gen4—to the streets of Los Angeles, with the goal of replacing all 7,000-plus vehicles in its L.A. fleet by this summer. Lime has already rolled out the Gen4 globally in markets from Denver to London.
The San Francisco-based company told dot.LA that it designed the Gen4 to be more eco- and user-friendly—with a swappable battery, bigger wheels, a lower center of gravity and swept-back handlebars akin to a bicycle.
“As of [the week of April 17], you'll start to see them in Hollywood, West Hollywood and in some of the Hills area,” said Alyssa Edelen, Lime’s general manager for the southwest region.

The Next Generation
Originally a bike-sharing company, Lime launched its e-scooter fleet in 2017 with the Segway Ninebot, a popular choice for operators at the time. However, early e-scooters were not built for the harsh conditions of shared use. One 2018 study by Quartz of Bird scooters in Louisville, Ky., found that the vehicles lasted less than 29 days on average before breaking down or falling prey to vandalism or theft.
The next Lime generation to hit L.A. streets in 2018 was the Gen2.5, a hardier model built to last 18-to-24 months. Then last year, the company swapped out the Gen2.5 for Okai scooters inherited through its 2020 acquisition of Uber’s micromobility business, Jump. Instead of recycling the Jump scooters, Lime wanted to deploy them in select markets.
Now, Lime says that its latest model—designed and manufactured completely in-house—is built to last for up to five years. In comparison, competitor Bird’s latest model, the Bird Three, has an estimated shelf life of two years.
Lime didn’t share details on how much the company invested in R&D for the Gen4. The scooter was initially developed by Jump, with Lime continuing the work after acquiring the former Uber subsidiary.
How Eco-Friendly Are E-Scooters?
The lifespan of an e-scooter doesn’t only affect a company’s bottom line—it also has a significant impact on sustainability.
In a 2019 study conducted at North Carolina State University, researchers calculated the life-cycle emissions of shared e-scooters. The study found that although riding one was better for the environment than driving a car, it was not as green as riding an electric bike or even taking a gasoline-powered bus.
And that’s not just because of the energy required to charge e-scooters, which represented only 5% of their total emissions. According to the study, most of the greenhouse gas emissions from shared micromobility comes from manufacturing a device’s parts, as well as the logistics of collecting and charging the vehicles. In other words: the longer a scooter’s lifespan and the easier it is to charge it, the lower its carbon footprint will be
To address the environmental impact of charging scooters and returning them to the streets, Lime and other micromobility operators are now embracing models that feature swappable batteries. According to Lime, the Gen4’s swappable battery makes the charging process more streamlined and energy-efficient; vehicles no longer need to be transported to a warehouse for charging. Lime’s new Gen4 e-bike model is also using the same swappable battery.
While some competitors, like Bird and Superpedestrian, have called into question the environmental benefits of swappable batteries, the industry at large seems to be trending in their favor. Veo CEO Candice Xie told dot.LA earlier this year that the micromobility firm is using its Cosmo seated scooter to tow trailers filled with batteries that are swapped into its vehicles in Santa Monica.
“We don't need to collect all the devices back to the warehouse to charge and then roll [them] out again,” Xie said. “All we need to do is swap the battery on site, and that increases our efficiency and reduces our operations by 40-to-50% compared to other vendors.”
West Hollywood-based Wheels is testing out a similar strategy in Austin, Texas, where it’s using its own electric seated scooter to swap batteries and service its vehicles, with plans to implement this method in L.A. Meanwhile, a Lyft spokesperson said many of the company’s maintenance teams are using electric golf carts and e-cargo tricycles to swap batteries on its own micromobility vehicles.
Lime has yet to use electric vehicles in L.A. for charging and maintenance operations, but said it’s in the process of acquiring and implementing them.

The Adoption Issue
Lime’s more eco-friendly approach comes as Angelenos are increasingly turning to shared transit options to avoid record-high gas prices. As of mid-April, Lime had seen its ridership in L.A. grow “about 35%” in the preceding two-to-three weeks, Edelen said. The company’s Lime Access equity program, which provides discounted rides to underserved Angelenos, logged 12,000 rides in March, the highest number since its inception.
But despite the lofty environmental goals of micromobility companies—Lime is aiming to have a zero-emissions operations fleet by 2030—some experts note that their impact on the greater transportation sector is limited.
In a study released in February, researchers at Carnegie Mellon University examined the environmental impact of replacing short car trips with micromobility vehicles during peak travel hours. For context, in the U.S., almost 50% of car rides are three miles or less—a sweet spot for bicycles, e-bikes and scooters. Using the city of Seattle as a model and factoring in weather conditions, trip type and user demographics, the study found that only 18% of short car trips could be replaced, leading to just a 2% reduction in overall emissions.
Carnegie Mellon assistant professor Corey Harper, a co-author of the study, noted that most carbon emissions come from long-distance travel. “We have a lot more work to do if you really want to reduce emissions in our transportation sector,” Harper told dot.LA. “Because even if we were able to fulfill every single trip that could be done by bike or scooter, 98% of emissions would still be there.”
The study suggests that e-scooters have the most impact when combined with public transit as a first- and last-mile option. Choosing to take an e-scooter instead of driving a car has other benefits as well, such as reducing traffic congestion. Ultimately, Harper believes that for people to choose more eco-friendly transportation options, companies and cities have to make those modes more appealing to riders.
Lime is gambling that its redesigned e-scooter—with its bigger wheels, swept-back handlebars and improved suspension—will attract even more riders, and not just because it’s the more eco-friendly option.
In a promising sign, Edelen said that L.A. users are riding the Gen4 longer and rating it higher compared to the previous model.
“Ridership is up compared to last year and previous years,” she noted. “Comparing this model to our Okai, we are seeing close to double the utilization.”
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- Veo Expands Into the City of LA - dot.LA ›
- LA’s E-Scooter Winners Now Clear as Cities Ratchet Up Regulations - dot.LA ›
🔦 Spotlight
Hey LA,
This week’s most interesting story isn’t a flashy new feature, it’s a quieter flex: Snapchat is getting people to pay for Snapchat, on purpose.
Snap just proved “free app” isn’t the only business model
Snap says its direct revenue business is now running at a $1B annualized pace, with 25M+ subscribers paying across a growing menu of products like Snapchat+, Lens+, Snapchat Premium, and Memories Storage Plans. That matters because it’s not just a nice add-on to ads, it’s a different kind of relationship with users. Ads monetize attention. Subscriptions monetize intent.
And intent is sticky. If someone pulls out a card for you, they don’t churn the way an algorithm does.
Creator Subscriptions are the real tell
Snap is also launching Creator Subscriptions, starting with an alpha on February 23 for select U.S. creators, then expanding to Snap Stars in Canada, the U.K., and France in the following weeks. The offer is straightforward: subscriber-only Stories and Snaps, priority replies, and an ad-free experience inside that creator’s Stories.
The strategic move is even simpler. Snap wants “paying for closeness” to happen inside Stories and Chat, not on some external membership page. If they get that right, creators stop treating Snapchat as just a top-of-funnel channel and start treating it like a place to actually monetize their audience. Snap, meanwhile, gets a revenue stream that doesn’t care what CPMs are doing this quarter.
Meanwhile, IRL: lululemon’s Studio Yet.
Lululemon’s Studio Yet. pop-up is running Feb. 18 through March 8 at 8175 Melrose Ave. It’s a ticketed, limited-capacity lineup of workouts and community programming, with proceeds (less fees) supporting BlacklistLA.
Keep scrolling for the latest LA venture rounds, fund news and acquisitions.
🤝 Venture Deals
LA Companies
- Radiant announced a strategic investment from Lockheed Martin via Lockheed Martin Ventures, further oversubscribing the company’s current financing round. Radiant is developing its 1 MW Kaleidos portable nuclear microreactor and says it’s targeting a first reactor startup this summer at Idaho National Laboratory, with initial customer deployments planned for 2028. - learn more
- Mesh Optical Technologies announced it has raised over $50M, led by Thrive Capital, to scale production of its Alpha C1 optical transceiver, which converts electrical signals to light at 1.6 Tbps for AI data centers. The startup says its edge is manufacturing: it builds the optical engine using fast, repeatable flip-chip die bonding to make high-volume, U.S.-based production of optical links possible, backed by a team with experience from SpaceX and Intel.- learn more
LA Venture Funds
- Alexandria Venture Investments participated as an existing investor in Ten63 Therapeutics’ latest strategic financing, which also included participation from Morpheus Ventures and added new backers such as Chugai Venture Fund and the Gates Foundation, bringing total funding to more than $45M. Ten63 says it will use the capital to scale BEYOND, its AI-driven “Large Quantum Chemistry Model” platform for designing small-molecule drugs against historically “undruggable” targets, including programs in oncology and an HPV-focused effort supported by the Gates Foundation.- learn more
- B Capital participated in Code Metal’s $125M Series B, a round led by Salesforce Ventures that valued the company at $1.25B, alongside investors including Accel, J2 Ventures, Shield Capital, Smith Point Capital, and others.Code Metal says it will use the new capital to expand engineering, accelerate product development, grow government and commercial partnerships, and scale go-to-market for its “verifiable” AI code generation and translation platform used in mission-critical environments. - learn more
- Bonfire Ventures co-led Odynn’s $9.5M seed round alongside 8VC, with participation from Khosla Ventures and General Catalyst. Odynn says it’s building personalized AI infrastructure for travel companies, aiming to replace one-size-fits-all booking portals with dynamic experiences that tailor search, recommendations, and conversion flows to each traveler. - learn more
- MTech Capital led Qumis’s $4.3M oversubscribed seed round, which also brought in American Family Ventures as a new strategic investor and pushed total funding to $6.75M. The company says it’s building an attorney-trained AI platform for commercial insurance “coverage intelligence,” and will use the funding to expand go-to-market and deepen product capabilities as adoption grows among large brokers and carriers (including NFP). - learn more
- WndrCo participated in Mansa’s seed funding round, which the company says totaled $12M and was led by MaC Venture Capital. Mansa is now launching a vertical “micro-drama” format inside its app, debuting with the 27-episode original series The Heiress, The Baller & The Secret Society and positioning the feature as a mobile-first way to release serialized stories globally. - learn more
- Alpha Edison co-led Ownwell’s $50M Series B, with Wonder Ventures participating alongside investors including Mercato Partners, Intuit Ventures, Left Lane Capital, First Round Capital, Long Journey Ventures, and PROOF Fund. The round includes $30M in equity and $20M in debt financing from Western Alliance Bank, and Ownwell says it will use the capital to expand nationally and simplify the property-tax appeal process through a new “National Appeals Packet” product. - learn more
- Three Six Zero participated as an existing investor in Hook’s $10M Series A, which was led by Khosla Ventures with participation from Point72 Ventures, Imaginary Ventures, and Waverley Capital, bringing Hook’s total funding to $16M. Hook is an artist-first social platform that lets fans legally remix licensed songs using simple AI-powered tools and share them across social platforms, and it says the new capital will fund user growth plus product expansion like an Android app, richer creation formats, and deeper ecosystem integrations. - learn more
- Overture Ventures participated as an existing investor in Zero Homes’ $16.8M Series A, which was led by Prelude Ventures alongside SJF Ventures and the Exelon Foundation. Zero Homes says it’s using the funding to expand into new markets, broaden its home-upgrade offerings, and grow its contractor network, powered by a smartphone-based “digital twin” approach that produces upgrade designs and pricing remotely. - learn more
- Rebel Fund participated in Sphinx’s $7.1M seed round, which was led by Cherry Ventures alongside Y Combinator, Deel Ventures, and Singularity Capital. Sphinx is building browser-native compliance agents that work inside banks’ and fintechs’ existing tools to automate AML, KYC, and KYB work, with the new funding earmarked to scale that “agentic compliance workforce.” - learn more
- Matter Venture Partners led ChipAgents’ oversubscribed $50M Series A1, bringing total capital raised to $74M, with participation from existing investors Bessemer Venture Partners, Micron, MediaTek, and Ericsson. ChipAgents says it will use the new funding to scale its agentic AI platform for chip design and verification, expand engineering and research, and accelerate global deployment of multi-agent “chip teams,” alongside a new HQ buildout in Santa Clara. - learn more
- MemorialCare Innovation Fund participated in SpendRule’s $2M round, which was led by Abundant Venture Partners with additional backing from Zeal Capital Partners. SpendRule is emerging from stealth with an AI-driven platform that helps hospitals validate invoices against complex contract terms before payments go out, aiming to reduce overspending and “contract leakage” across purchased services. The company says early customers include health systems like MemorialCare, Kettering Health, and MUSC Health. - learn more
LA Exits
- Fred Segal is being acquired by Aritzia, which is buying the brand’s rights/IP (terms not disclosed) and planning a revival under its ownership. Melrose Avenue is central to the deal too, since Aritzia is also taking a lease on Fred Segal’s iconic ivy-covered site at 8100 Melrose as part of the comeback plan. - learn more
- The Expert is being acquired by Havenly in an all-equity deal (terms not disclosed), bringing The Expert’s high-end virtual designer consultations and trade-oriented marketplace into Havenly’s broader home and commerce ecosystem. Lee Anne Blake will join Havenly as chief commercial officer, and while The Expert will remain a standalone website, Havenly plans to plug in its tech to strengthen The Expert’s purchasing and procurement tools for designers. - learn more
Valar Atomics Wants to Power AI, Literally
🔦 Spotlight
Hello, Los Angeles.
This week’s spotlight belongs to a startup chasing one of the biggest and messiest questions in tech right now: where all the power for AI is actually supposed to come from. El Segundo-based Valar Atomics, founded by Isaiah Taylor, is reportedly raising $450 million at a $2 billion valuation to build clusters of small nuclear reactors aimed at powering data centers and other energy-hungry industrial sites.
That is not a subtle ambition. On its website, Valar says it wants to build “hundreds of nuclear reactors” on what it calls gigasites, focusing on grid-independent products including data center power, hydrogen, heavy industrial power, and clean hydrocarbon fuels. Its reactor approach is based on high-temperature gas reactor design principles using TRISO fuel, and the company is explicitly pitching its model as a way to meet the surge in power demand coming from AI.
Valar’s investor roster also helps explain why the company has drawn so much attention. The startup is backed by Palmer Luckey and Palantir CTO Shyam Sankar, and its earlier $130M round in November 2025 was led by Snowpoint Ventures.
What makes the story especially interesting is that this is not just another AI infrastructure company talking about faster chips or more efficient software. It is a bet that the next bottleneck is electricity itself, and that the winning response might look a lot more like hard infrastructure than cloud optimization. In a market full of startups promising to power the future metaphorically, Valar is making a much stranger and bolder claim: it wants to do it literally.
The company is also moving with unusual speed. Valar says it has been selected by the U.S. Department of Energy to achieve criticality on American soil by July 4, 2026 under the administration’s accelerated nuclear program, and related company materials tie its Project NOVA work to the Nuclear Reactor Pilot Program. Whether that timeline proves realistic or not, it tells you something important about the kind of company this wants to be: not a distant science project, but a startup trying to force nuclear power onto AI’s timetable.
And maybe that is the bigger LA angle here. For all the conversation around software, content, and consumer apps, Southern California keeps producing founders who are drawn to the hard stuff: defense, aerospace, energy, logistics, real-world systems with real-world constraints. Valar may still have plenty to prove, but it is hard to accuse this one of thinking small.
Now onto this week’s LA venture deals, fund announcements and acquisitions.
🤝 Venture Deals
LA Venture Funds
- Matter Venture Partners participated in Anvil Robotics’ $5.5M seed round, which it led and which also included Humba Ventures, DNX Ventures, Vivek Sodera, Spacecadet Ventures, and Position Ventures. Anvil said it is building a kind of “Legos for robots” platform for physical AI teams, with open-source custom robots that can ship in one to two days, and has already delivered more than 100 units globally while surpassing seven figures in revenue. - learn more
- WndrCo led daydream’s $15M Series A, backing the AI-native SEO agency alongside First Round Capital and Basis Set Ventures. daydream said the round brings total funding to $21M and will be used to accelerate hiring, product development, and go-to-market expansion as it combines SEO agents with human experts to help companies navigate both traditional search and AI search. - learn more
- Embark Ventures participated in Via Separations’ $36M funding round, which also brought in new strategic backing from Climate Investment, Aramco Ventures, and Marathon Petroleum Corporation. Via said the capital will help deploy more commercial projects and expand its membrane-based industrial filtration platform into refining and chemicals, building on commercial traction in pulp and paper and a pilot completed at a major Gulf Coast refinery. - learn more
- Finality Capital Partners co-led Alien’s $7.1M round alongside Initialized, backing the company’s push to build identity infrastructure for both humans and AI agents. According to the X post announcing the raise, Alien plans to use the funding to develop unique identity systems at a time when proving whether an entity online is human or agentic is becoming increasingly important. - learn more
- M13 participated in OpenFX’s $94M Series A, as the company builds API infrastructure for global FX liquidity. OpenFX said it now moves more than $45B a year across borders, settles 98% of transactions in under 60 minutes, and plans to use the funding to expand its institutional-grade, API-first platform for cross-border payments and treasury operations. - learn more
- M13 led Jimini Health’s $17M seed round, backing the company alongside Town Hall Ventures, LionBird, Zetta Venture Partners, and OneMind as it builds a clinician-supervised AI platform for behavioral health. Jimini said the funding will help scale Sage into more care settings and deepen partnerships with major behavioral health providers across the U.S., positioning it as a safer alternative to unsupervised consumer AI tools for mental health support. - learn more
- MANTIS Venture Capital participated in depthfirst’s $80M Series B, which was led by Meritech Capital and also included Forerunner Ventures, The House Fund, Accel, Box Group, Liquid 2 Ventures, and Alt Capital. The company said the new funding will be used to train additional security models, grow its AI research team, and scale enterprise adoption as it builds an AI-native platform for software security and launches its first in-house security model. - learn more
- Freeflow Ventures participated in TippingPoint Biosciences’ $4.5M seed round, joining SOSV, LKS Fund, Sazze Partners, StoryHouse Ventures, Sontag Innovation Fund, BrightEdge, XEIA Venture Partners, West Coast Angel Network, and others. The company said the financing will help de-risk its epigenetic discovery platform as it works to translate chromatin biology into new therapeutics. - learn more
LA Exits
- Warner Music Group agreed to acquire Revelator, a B2B music platform focused on digital distribution, rights management, royalty accounting, and real-time analytics for independent labels, artists, and distributors. WMG said the deal will strengthen its distribution and label services business, expand the tools available through its labels and ADA, and allow Revelator to keep serving its existing customers while scaling through WMG’s global infrastructure. - learn more
- Omni Agent Solutions has been acquired by Fortress Investment Group, which said the deal will provide long-term capital and resources to expand Omni’s tech-forward platform for bankruptcy and restructuring case administration. Omni said the investment will support continued technology development and scale across services such as claims management, noticing, solicitation support, securities services, disbursements, and call center operations, while its executive and operational teams remain in place. - learn more
- Apium Swarm Robotics is being acquired by Red Cat, adding its distributed control technology for autonomous swarming drones and uncrewed surface vessels to Red Cat’s broader defense platform. Red Cat said Apium will continue operating independently while its autonomy stack is integrated across the business to strengthen coordinated multi-agent operations in contested and communications-degraded environments. - learn more
- HOPWTR is being fully acquired by Constellation Brands, which first invested in the non-alcoholic sparkling water brand through its venture arm in 2021. Constellation said the deal strengthens its no- and low-alcohol portfolio as consumer demand in the space grows, while HOPWTR is expected to keep operating as it does today in the near term with CEO Jordan Bass remaining involved. - learn more


