SYDNEY—U.S. bicycle- and scooter-sharing company Lime is betting it can conquer hilly streets, hot temperatures and a robust car culture in Australia, a market that has already punctured the hopes of several competitors.
Lime, which counts Uber Technologies Inc. as an investor, hopes cyclists Down Under will embrace its offering in what could become a model for overseas expansion. Its entry late last year came after Singapore-based oBike, China-based ofo and a local startup, Reddy Go, withdrew their inexpensive “dockless”...