Helbiz to Showcase E-Scooters at Fifth Annual CoMotion Conference in Los Angeles

Rhea-AI Summary

Helbiz Inc. (NASDAQ: HLBZ) will showcase its e-scooters at the fifth annual CoMotion LA conference from November 16-18, 2021. The company aims to highlight its commitment to micro-mobility with cutting-edge technology in collaboration with partners Drover AI and Swiftmile. Drover AI's PathPilot technology will enhance safety and reduce clutter by ensuring proper parking and lane usage. Additionally, Helbiz is expanding its footprint with over 40 secured licenses in the U.S. and Europe, reinforcing its role as a leader in the micro-mobility industry.

Positive

• Showcasing e-scooters at CoMotion LA conference enhances brand visibility.
• Partnership with Drover AI supports technological innovation and safety.
• Collaboration with Swiftmile introduces docked charging stations, improving user experience.
• Expansion into new markets with over 40 secured licenses solidifies industry leadership.

Negative

• None.

 Event brings together leaders from across the entire landscape of emerging mobility

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, together with the biggest names in transportation and technology, will take part in the fifth annual, CoMotion LA conference from November 16-18, 2021. The company will showcase its e-scooters alongside partners Drover AI and Swiftmile, to demonstrate the benefits of both technologies.

Helbiz to Showcase E-Scooters at Fifth Annual CoMotion Conference in Los Angeles (Photo: Business Wire)

“We are excited to participate in this year’s CoMotion conference,” said Salvatore Palella, CEO of Helbiz. “The rapid adoption of micro-mobility innovations proves we are entering a new era of transportation. We look forward to having our safe, sustainable and innovative e-scooters on display at CoMotion and welcome attendees to join us at our booth for a test ride.”

Helbiz has partnered with Drover AI to improve safety and reduce sidewalk clutter. The advanced PathPilot technology is powered by artificial intelligence and computer vision to locate the surroundings of e-scooters, detecting sidewalk, street or bike lane riding. It also verifies proper parking areas in real-time, which will reduce disorder on the streets and potential blocking of ADA ramps. Helbiz will first implement the Drover AI technology in Italy early next year.

“CoMotion LA is a dynamic event that does a wonderful job of showcasing the rapidly evolving mobility sector and attracts the best and brightest in the business,” said Alex Nesic, Co-Founder & Chief Business Officer at Drover AI. “Drover is excited to be able to participate and showcase our PathPilot technology in partnership with Helbiz who is also constantly evolving and innovating to make shared micro-mobility safer and more responsible.”

Helbiz also partnered with Swiftmile, a pioneer and market leader in the LEV charging market to promote docked charging stations and assure connectivity at transit hubs, and to further reduce scooter clutter on city streets.

“Helbiz is committed to promoting Swiftmile hubs to its users by offering a discount for ending a ride at a hub and plugging in their e-scooter to charge,” said Leo Vera, President of Swiftmile. “Helbiz app users will be able to see nearby Swiftmile charging locations and their capacity on the map.”

Helbiz is rapidly expanding into new markets with more than 40 secured licenses across the United States and Europe, further cementing its role as a global leader in the micro-mobility industry. CoMotion LA will bring together other committed leaders from across the entire landscape of emerging mobility for interactive talks, demos, and workshops that will leave attendees with unparalleled insight into this more impactful phase of the Mobility Revolution.

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 more than 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.

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 Swiftmile

Swiftmile is the pioneer and market leader in LEV charging, offering a new class of green infrastructure that will set the foundation for “gas stations of the future.” We build and operate Mobility Hubs to charge and organize e-scooters, e-bikes and e-mopeds, at little or no cost to cities thanks to an on-Hub advertising screen. Swiftmile’s infrastructure is driving battery and charging standardization for the global micro-mobility sector, with Hubs across North America and Europe. Swiftmile is based in San Carlos, CA. For the latest updates and information on Swiftmile, https://swiftmile.com.

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/20211116006181/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, contact:

The Blueshirt Group

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

Source: Helbiz Inc.

FAQ

What is Helbiz showcasing at the CoMotion LA conference?

Helbiz is showcasing its e-scooters at the CoMotion LA conference from November 16-18, 2021.

Who are Helbiz's partners at the CoMotion LA conference?

Helbiz is partnering with Drover AI and Swiftmile at the CoMotion LA conference.

What new technology will Helbiz implement?

Helbiz will implement Drover AI's PathPilot technology to improve safety and reduce sidewalk clutter.

How many licenses does Helbiz have in total?

Helbiz has over 40 secured licenses across the United States and Europe.