Helbiz Extends Partnership with Leasys for 2,950 New Scooters for Italian Market

Rhea-AI Summary

Helbiz (NASDAQ: HLBZ) is enhancing its partnership with Leasys S.p.A of the Stellantis Group to deliver 2,950 new rental vehicles to its fleet across Italy. This initiative aims to promote sustainable mobility, following a similar announcement made last June. The new vehicles will feature advanced safety and usability enhancements. Deployment is scheduled for major cities including Milan, Pescara, and Naples, along with community engagement activities for safety training.

Positive

• Expansion of fleet with 2,950 new rental vehicles enhances service capacity.
• Improved vehicle features include advanced safety systems and a long-lasting battery, increasing user experience.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Helbiz (NASDAQ: HLBZ), a global leader in micro-mobility and the first in its sector to be listed on Nasdaq, is extending its partnership with Leasys S.p.A of the Stellantis Group, as part of their project to expand sustainable mobility. Furthering the partnership announced last June, Leasys will provide 2,950 new rental vehicles to Helbiz for their fleet throughout Italy.

Helbiz Extends Partnership with Leasys for 2,950 New Scooters for Italian Market (Graphic: Business Wire)

Each new vehicle will be equipped with directional arrows, a phone holder, a bag holder, a long-lasting battery with a range of 50 miles, improved front suspension, and a disc caliper brake. Additionally, each vehicle will have LED lights on the side to increase safety, solid tires to allow for better adaptability to different surfaces, and a resized riding platform to reduce and avoid two riders using the vehicle simultaneously. In line with local regulations, the speed of the vehicles is set remotely at 12 mph. In addition, the scooter is equipped with a cutting-edge IoT system that allows greater precision in GPS location to prevent theft and increase the accuracy of geo-fenced parking. Moreover, each scooter will be equipped with an identification label to be easily recognizable and a double kickstand to ensure greater stability and a fall sensor.

The first vehicles will be deployed in Milan, Pescara, and Naples, and Helbiz will host meetings with citizens and institutions next month for test drives and safety training.

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 40 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. In addition, Helbiz is expanding its urban lifestyle products and services to include live streaming services, food delivery, financial services, 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/20220203005315/en/

For media inquiries, contact:

Matt Rosenberg

Head of Communications, NA

press@helbiz.com

+1 (646) 726-2146



For investor inquiries, contact:

Gary Dvorchak, CFA

The Blueshirt Group

gary@blueshirtgroup.com

+1 (323) 240-5796

Source: Helbiz

FAQ

What is the recent partnership extension by Helbiz?

Helbiz is extending its partnership with Leasys S.p.A to provide 2,950 new rental vehicles, aimed at enhancing sustainable mobility in Italy.

When will the new vehicles from Helbiz be deployed?

The new rental vehicles will be deployed in Milan, Pescara, and Naples.

What features will the new Helbiz vehicles include?

The new vehicles will feature directional arrows, phone holders, a 50-mile battery range, improved suspension, and enhanced safety features.

How many new vehicles is Helbiz adding to its fleet?

Helbiz is adding 2,950 new vehicles to its fleet through its partnership with Leasys.