Helbiz Partners with Drover AI to Bring Artificial Intelligence to Scooter Sharing

Rhea-AI Summary

Helbiz Inc. (NASDAQ: HLBZ) has partnered with Drover AI to integrate its PathPilot safety technology into Helbiz e-scooters. This collaboration will make Helbiz the exclusive operator of PathPilot in Italy, starting with an initial deployment in Milan by the end of the year. PathPilot utilizes AI and computer vision to enhance safety by detecting improper riding and verifying correct parking in real-time, addressing clutter and ensuring compliance with local regulations. The technology aims to improve operational efficiency and provide actionable data to local authorities for infrastructure enhancements.

Positive

• Partnership with Drover AI to enhance safety and compliance of e-scooters.
• Exclusive operator of PathPilot technology in Italy, starting in Milan.
• Improves operational efficiencies through AI and computer vision technology.
• Generates granular data to assist city infrastructure improvements.

Negative

• None.

AI and computer vision technology detects improper riding and verifies accurate parking in real-time

NEW YORK--(BUSINESS WIRE)-- Helbiz Inc. (NASDAQ: HLBZ), a global leader in micro-mobility and the first in its industry to be publicly listed on Nasdaq, today announced a partnership with Drover AI to integrate its PathPilot safety technology onto Helbiz e-scooters. Helbiz will be the exclusive operator of PathPilot in Italy, with an initial deployment in Milan by end of the year. The company plans to expand the integration across other markets as the partnership grows.

Helbiz Partners with Drover AI to Bring Artificial Intelligence to Scooter Sharing (Graphic: Business Wire)

The PathPilot technology is powered by artificial intelligence and computer vision, using onboard cameras to locate the surroundings of e-scooters. The precise location service detects sidewalk, street or bike lane riding and verifies proper parking areas in real-time, which will reduce scooter clutter and potential blocking of ADA ramps. PathPilot can also automatically reduce the speed of an e-scooter and alert those that are nearby as soon as it enters a sidewalk or other geofenced area, ensuring the safety of both riders and pedestrians. This level of granular computing enhances geo-fencing capabilities that previous GPS-based solutions couldn’t provide, particularly when tracking in dense urban cities.

“At Helbiz, we are dedicated to providing safe and efficient micro-mobility services to the cities in which we operate,” said Vivian Myrtetus, Head of Partnerships & Policy at Helbiz. “The integration of Drover’s PathPilot technology will help us better enforce local regulations and create a safer experience for riders and pedestrians alike. We are thrilled to partner with Drover as we continue our expansion efforts.”

Through the integration of onboard cameras, precise advanced mapping and artificial intelligence, PathPilot gathers data from each ride to help increase operational efficiencies. It also has the benefit of generating much more granular telemetry associated with the movement of fleet vehicles, delivering actionable insights into fleet use and rider behaviors. Helbiz can then share the insights with the city to help them identify areas that could benefit from infrastructure improvements.

“Drover is excited to partner with Helbiz to introduce PathPilot to new markets in support of their efforts to grow shared micro-mobility in a safe and responsible manner,” said Alex Nesic, Co-Founder & Chief Business Officer at Drover AI. “Micro-mobility has such tremendous potential as urban transportation in Europe as evidenced by recent announcements, and Drover is proud to be able to use our technology to address the biggest concerns currently limiting the broader acceptance and growth of the sector.”

About Drover AI

Drover specializes in advanced AI-based IoT solutions for last-mile transportation designed to elevate the performance of fleets while exceeding the regulatory requirements of the cities that host them. Drover's product, PathPilot, delivers cost-effective granular infrastructure distinction even in the absence of often unreliable GPS data allowing for unparalleled location awareness and the ability to take corresponding actions. Drover enables a safe and intelligent experience through technology in order to help ensure the long-term success of micro-mobility as a sustainable and integral part of urban transportation. For additional information, visit www.drover.ai or email hello@drover.ai.

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 in 35 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, financial services and more, all accessible within its mobile app.

Forward-Looking Statements

Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the failure to meet projected development and production targets; (ii) changes in applicable laws or regulations;(iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in its periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and amended on May 21, 2021. The Company’s SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to Helbiz and speaks only as of the date on which it is made. Helbiz undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210923005548/en/

Helbiz Contacts

For media inquiries, contact: https://www.helbiz.com/pressroom



Global Head of Communications: +1 ‎(917) 675-7157

Davide D’Amico - email: davide.damico@helbiz.com



PR and Communication Manager:

Chiara Garbuglia - email: chiara.garbuglia@helbiz.com



USA

Agent of Change

Marcy Simon - Phone: +1 (917) 833-3392 - email: marcy@agentofchange.com



For investor inquiries:

The Blueshirt Group

Gary Dvorchak, CFA - Phone: +1 (323) 240-5796 - email: gary@blueshirtgroup.com



Drover Contacts

All inquiries:

Alex Nesic - email: alex@drover.ai

Source: Helbiz Inc.

FAQ

What is the partnership between Helbiz and Drover AI about?

Helbiz has partnered with Drover AI to integrate the PathPilot safety technology into its e-scooters to enhance riding safety and compliance.

When will Helbiz deploy PathPilot technology in Milan?

Helbiz plans to deploy PathPilot technology in Milan by the end of the year.

What technology does PathPilot use?

PathPilot uses artificial intelligence and computer vision to monitor e-scooter surroundings, ensuring proper riding and parking.

How will PathPilot benefit cities?

PathPilot provides actionable data regarding scooter usage, aiding cities in identifying areas for infrastructure improvements.

What is the stock symbol for Helbiz?

The stock symbol for Helbiz is HLBZ, and it is traded on NASDAQ.