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Helbiz Expands its Micro-mobility Operations in the Washington, DC Area

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Helbiz, Inc. (Nasdaq: HLBZ) is expanding its micro-mobility operations in the Washington, D.C. area by launching 350 electric bikes in Alexandria and Arlington, VA in Q3. The company has also secured an extension for its scooter fleet permit in D.C. until December 31, 2022. This marks Helbiz as a new vendor for micro-mobility in Alexandria, with e-bikes featuring advanced GPS technology to ensure rider safety. CEO Salvatore Palella stated the e-bike is an energy-efficient mode of transport, underscoring Helbiz's ongoing commitment to enhancing urban mobility.

Positive
  • Expansion of micro-mobility operations with launch of e-bikes in Alexandria and Arlington.
  • Launch of 350 electric bikes demonstrates business growth and adaptability.
  • Extended permit for scooter fleet in D.C. until December 31, 2022.
Negative
  • None.

The company is permitted to launch electric vehicles in Arlington and Alexandria in Q3

NEW YORK--(BUSINESS WIRE)-- Helbiz, Inc. (Nasdaq: HLBZ), is expanding its micro-mobility operations in the Washington, D.C. area with the launch of its newest e-bike model in Alexandria and Arlington, VA. Helbiz is permitted to launch 350 of Helbiz’s electric bikes in both cities combined. Additionally, the company has extended its permit for its scooter fleet in Washington, D.C., until December 31, 2022.

(Graphic: Business Wire)

(Graphic: Business Wire)

After a competitive process, Helbiz was selected as a new vendor for the micro-mobility program in Alexandria, VA. The company will also expand its program in Arlington, VA, to include e-bikes in addition to its original fleet of scooters. These will be the first markets in the D.C. area to offer this bike model, featuring the latest GPS technology to identify no-ride zones and slow riders down in designated areas.

We are proud to continue growing with how we service the D.C. area, adding a new city with Alexandria and expanding our fleet in Arlington,” said Salvatore Palella, Helbiz CEO. “The Helbiz e-bike is the most advanced bike available in the D.C. area, offering riders a safe, energy-efficient way to get where they need to go.”

The lightweight model is equipped with a Shimano 3-speed hub for better energy efficiency and an enclosed front basket with a phone holder to protect small items while riding. In addition, each Helbiz e-bike is equipped with a secure lock system. Riders can easily lock the Helbiz e-bike by inserting the cable lock pin into the front wheel compartment with no bike rack necessary.

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 50 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.

For media inquiries:

Matt Rosenberg

Head of Communications, NA

press@helbiz.com

+1 (646) 726-2146



For investor inquiries:

Gary Dvorchak, CFA

The Blueshirt Group

gary@blueshirtgroup.com

+1 (323) 240-5796

Source: Helbiz

FAQ

What is the latest news about Helbiz (HLBZ) regarding electric vehicles?

Helbiz (HLBZ) is set to launch 350 electric bikes in Alexandria and Arlington, VA, in Q3.

When will Helbiz launch its electric bikes in Arlington and Alexandria?

Helbiz plans to launch its electric bikes in Q3 2022.

What does the new permit for Helbiz's electric bikes mean for the company?

The new permit allows Helbiz to expand its micro-mobility services in the D.C. area, indicating growth and competitiveness.

How many electric bikes is Helbiz allowed to operate in Alexandria and Arlington?

Helbiz is permitted to operate 350 electric bikes in Alexandria and Arlington combined.

What does the extended permit for scooters in D.C. mean for Helbiz?

The extension allows Helbiz to continue its scooter service in D.C. until December 31, 2022, contributing to its operational stability.

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