HLBZ - HLBZ STOCK NEWS

Helbiz (NASDAQ: HLBZ) has partnered with ShareIntel to combat illegal short selling of its stock. This collaboration aims to track shareholder ownership and suspicious trading activity using ShareIntel's patented DRIL-Down™ process. CEO Salvatore Palella expressed concerns about potential market manipulation schemes targeting Helbiz and emphasized their commitment to protecting shareholder interests. The company is focused on investigating any wrongdoing and restoring fair market conditions as it continues to optimize its micro-mobility services.

Helbiz (NASDAQ: HLBZ) is investigating illegal short selling activities that have impacted its stock price. The Board of Directors is considering legal action and partnerships, taking cues from Genius Group (NYSE American: GNS). CEO Salvatore Palella emphasized that these activities have led to a decreased stock value and prompted challenging decisions, including layoffs. Helbiz aims to protect its shareholders' interests and restore fair market conditions.

Helbiz (NASDAQ: HLBZ), a leader in shared electric micro-mobility, will exit non-profitable markets by spring 2023, aiming to optimize operations in better environments. This decision follows an internal review identifying challenges like inadequate regulatory frameworks, stiff competition, and vehicle oversupply. The company has already completed 90% of the exit process and plans to shift resources to profitable areas. Additionally, Helbiz will implement a long-term rental program in regions with significant user bases but low profitability to maintain service continuity. The firm remains committed to investing in technology and seeking sustainable growth.

Helbiz (NASDAQ:HLBZ) has launched a new fleet of 200 e-bikes in Miami-Dade County as part of its strategy to enhance vehicle availability and profitability. This new addition complements the existing fleet of over 250 e-scooters, aiming to provide sustainable transportation options to residents and visitors.

The e-bikes, equipped with powerful motors, are designed to improve accessibility and ease of use within the growing county. The fleet will officially be available starting January 15th. Helbiz's operations utilize advanced fleet management technology to optimize business sustainability.

Helbiz (NASDAQ:HLBZ) has announced significant fleet expansions in Austin, Honolulu, and Orlando to enhance market share and work towards profitability. In Austin, the fleet increased by 63%, in Honolulu by 26%, and in Orlando by over 65%. Notably, this expansion won't incur additional operational costs, indicating an improvement in financial sustainability. Helbiz aims to offer a wider array of micro-mobility solutions while catering to the rising demand for sustainable transportation options.

Helbiz has launched a new fleet of e-bikes in Santa Monica, California, enhancing its micro-mobility services which already include e-scooters and Helbiz Wheels. The e-bikes are designed for comfort and ease, featuring lightweight designs and powerful electric motors suitable for the city's hilly terrain. Riders can access the service via the Helbiz App, which includes real-time tracking and various payment methods. This initiative aims to broaden accessibility for residents and visitors.

Helbiz (NASDAQ:HLBZ) announces significant cost-reduction measures aimed at achieving profitability. The company is reducing U.S. staffing and management fleet, anticipating yearly savings of 2.4M USD. The workforce will be downsized by 39 positions, cutting 15% of its employee base outside Europe, which will yield 1.6M USD in annual savings. The restructuring aims to streamline operations and enhance fiscal discipline while maintaining revenue growth and customer service quality.

Helbiz, via its subsidiary Wheels, has launched the preorder site for the Wheels One, a new seated electric mobility vehicle. Customers can pre-order at helbiz.com/wheelsone for $100, with the retail price set at $1699 plus VAT. The device boasts enhanced features like a powerful motor, Lidar traffic detection, larger brakes, and a waterproof chassis. Shipping is expected by the end of Q2 2023. CEO Salvatore Palella expressed confidence in the demand from global distributors, highlighting the vehicle’s potential impact on the micro-mobility market.

Helbiz, through its brand Wheels, is set to open its first physical store in San Francisco by the end of Q1 2023. This store will feature the new Wheels One vehicle along with various micro-mobility products including scooters and bikes. The initiative aims to boost retail sales and long-term rentals, promoting sustainable transportation in urban areas. Helbiz's expansion reflects its commitment to eco-friendly solutions and community engagement, as the store will offer test rides, maintenance services, and host local events.