Since Wednesday morning, the video has been viewed more than 2000 times.
A Lime spokeswoman said the behaviour in the video did not "reflect Lime's rider community".
"The majority of our riders respect Lime's products because they love the service we provide," she said.
According to Lime's terms and conditions, if a scooter is vandalised, lost or broken, then the user who unlocked it is liable to pay a fine costing up to US$1500 (NZ$2299).
The use of Lime scooters in Dunedin's Baldwin St is already under scrutiny as the company and police try to curb reckless behaviour on the world's steepest street.
One person has been filmed riding down the street and a Lime spokeswoman said the company strongly discouraged anyone from copying him.
"We are relieved to see the rider did not harm himself or anyone else on his journey down Baldwin Street.
"We would hate to see any of our riders injure themselves or others due to taking risks like this."
ACC has received more than $300,000 in claims for e-scooter-related injuries since Lime launched mid-October.