Helbiz Company Wheels to Launch Long-Term Rentals in DC

Rhea-AI Summary

Wheels, a subsidiary of Helbiz (NASDAQ: HLBZ), has announced the launch of its long-term rental program for sit-down scooters in Washington, D.C.. Starting in January, rentals will be available for $129.99 per month and can be canceled anytime after the scooter's return. The program aims to enhance micro-mobility options in the city, supported by its existing operations in New York City. CEO Salvatore Palella highlighted the goal of expanding the vehicle's market reach alongside partnerships, including with Uber Eats.

Positive

• Launch of long-term rental program in Washington, D.C. expands market presence.
• Monthly rental price set at $129.99 provides an accessible option for users.
• Expansion supports partnerships like Uber Eats, potentially increasing revenue streams.

Negative

• None.

Wheels is launching its monthly long term rental program for its vehicles in Washington, D.C.

NEW YORK--(BUSINESS WIRE)-- Wheels, a Helbiz (NASDAQ: HLBZ) company and micro-mobility operator with a unique sit-down scooter, is bringing its popular long-term rental option for its device to a new market, Washington, D.C., allowing riders to rent their own sit-down scooter for personal use.

Wheels is a last-mile, shared electric mobility platform whose seated form factor changes the landscape in dockless mobility. In addition to being seated, Wheels devices have a low center of gravity and 14-inch wheels to help navigate uneven pavement surfaces. Wheels has launched a first-of-its-kind integrated helmet system that can give riders physical access to a shareable helmet with every ride they take. Wheels is headquartered in West Hollywood, California. Learn more at www.takewheels.com. (Photo: Business Wire)

“Washington, D.C. is a city that is constantly on the move and features a good base of functional infrastructure to support ridership,” said Marco McCottry, Head of Long Term Rentals at Helbiz. “Wheels’ sit-down scooters are one of a kind and their ease of use allows for quick adoption and flexibility in many different commuting scenarios. We see them used for a myriad of reasons in NYC and believe they'll be equally useful in Washington D.C.”

“This expansion of Wheels’ long term rental business to Washington, D.C. reflects our goal of using our resources to expand the vehicle’s reach,” said Helbiz CEO Salvatore Palella. “We will continue to expand on existing partnerships, like Uber Eats, to further grow value in the device and company they built to date.”

Starting in January, the subscription will cost $129.99 per month and can be canceled anytime after return of the vehicle. To rent the device, visit https://takewheels.com/long-term-rentals/.

About Wheels

Wheels is a last-mile, shared electric mobility platform whose seated form factor changes the landscape in dockless mobility. In addition to being seated, Wheels devices have a low center of gravity and 14-inch wheels to help navigate uneven pavement surfaces. Wheels has launched a first-of-its-kind integrated helmet system that can give riders physical access to a shareable helmet with every ride they take. Wheels is headquartered in West Hollywood, California. Learn more at www.takewheels.com.

About Helbiz

Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform with over 65 licenses in cities around the world. Helbiz utilizes a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability. Helbiz is expanding its urban lifestyle products and services to include live streaming services, food delivery and more, all accessible within its mobile app. For additional information, please visit www.helbiz.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221215005608/en/

For media inquiries:

press@helbiz.com

For investor inquiries:

Gary Dvorchak, CFA

The Blueshirt Group

gary@blueshirtgroup.com

+1 (323) 240-5796

Source: Helbiz

FAQ

What is the new rental program launched by Helbiz in Washington, D.C.?

Helbiz's Wheels has launched a long-term rental program for sit-down scooters in Washington, D.C., starting January.

How much does the long-term rental program cost?

The long-term rental program costs $129.99 per month.

When does the new rental program start in Washington, D.C.?

The rental program will begin in January.

Which company owns Wheels that launched the rental service?

Wheels is a subsidiary of Helbiz, traded under the ticker HLBZ.

What kind of vehicles are available for rent through Wheels?

Wheels offers sit-down scooters for personal rental.