HLBZ - HLBZ STOCK NEWS

Helbiz, Inc. (Nasdaq: HLBZ) will report its 2022 Q3 results after market close on November 14, 2022. A press release with these results and supplemental materials will be available prior to the webcast at https://investors.helbiz.com/. Investors can join the call using North America toll-free: +1 (866) 524-3160 or International: +1 (412) 317-6760, with no passcode required. Helbiz is a leader in micro-mobility, offering e-scooters, e-bicycles, and e-mopeds through a user-friendly platform globally.

Helbiz has partnered with WeTaxi, a prominent taxi operator in Italy, enabling users to book taxis via the Helbiz app in cities like Milan, Turin, Rome, and Naples. This integration allows users to see maximum fares before booking, enhancing transparency. WeTaxi commands a significant market share, supplying 23% of Italy's taxi demand in 2020, projected to grow to 50% in two years. The app will include multiple payment options and shared routing. This partnership aims to broaden Helbiz's service offerings and user base, aligning with its profitability goals.

Helbiz (NASDAQ: HLBZ), a leader in micro-mobility, announced its participation in the Credit Suisse 10th Annual Global Industrials Conference on November 30, 2022, at 3:30 p.m. US Eastern Time, in Palm Beach, FL. Management will engage in one-on-one and group meetings with institutional investors.

Founded in 2015 and based in New York City, Helbiz provides a fleet of e-scooters, e-bikes, and e-mopeds, utilizing advanced fleet management and AI technology.

Helbiz Inc. (NASDAQ: HLBZ) has announced partnerships with top Italian food delivery services, Deliveroo and Glovo, to enhance its food delivery service, Helbiz Kitchen. This collaboration aims to significantly expand the user base and reach of Helbiz Kitchen, allowing customers in Italy to order from its luxury restaurants, including Burger & Sons and Wabisabi. Prices for Helbiz Kitchen's dishes will remain consistent across both apps, ensuring quality service. The CEO, Rossella Di Dio, expressed excitement over the partnership, emphasizing the aim to provide high-quality culinary experiences.

Helbiz Media has announced new broadcasting agreements with Athletic Sport Group and Dharma Media Pty Ltd, expanding the reach of the Italian Serie BKT Championship into Australia, New Zealand, and Africa (excluding North Africa). This partnership, effective for the 2022/2023 and 2023/2024 seasons, allows for exclusive audiovisual rights to BKT matches in full HD, including live broadcasts and highlights. CEO Matteo Mammì emphasized the significant increase in the potential fan base, while the B League President highlighted the growing interest in soccer across these regions.

Helbiz, a leader in electric micro-mobility, has launched Helbiz Insurance in collaboration with Italian insurtech company YOLO. This new suite of digital insurance solutions will be integrated into the Helbiz app, providing customized and instant insurance products for cyclists and their bicycles. Coverages can be purchased on-the-go, ranging from one to thirty days. This initiative positions Helbiz uniquely in the micro-mobility market, enhancing customer protection as they navigate urban environments.

Wheels is launching a monthly rental program for its sit-down scooters in Miami, Florida, following its success in New York City. The subscription costs $129.99 per month and can be canceled anytime after the vehicle is returned. This offering targets urban dwellers looking for sustainable transport alternatives. Wheels, which has partnered with Helbiz, emphasizes the ease of use and safety of its scooters, designed to navigate city environments effectively.

Helbiz, Inc. (NASDAQ: HLBZ) has secured a $13.9 million common stock standby equity line purchase agreement with Yorkville Advisors. The agreement allows Helbiz to sell shares at a discount of 95% of the lowest volume-weighted average price over three trading days. This deal is seen as a testament to investor confidence in Helbiz's business model, enabling the company to expand its micro-mobility services and vehicle fleets. Helbiz aims to leverage this financing for strategic growth and hopes to achieve profitability sooner than expected.

Helbiz has announced a planned merger with Wheels Labs, aiming to enhance its micro-mobility services. This merger is anticipated to double Helbiz's annual revenue to over $25 million for 2022, capitalizing on Wheels' unique seated scooter technology and extensive user base of over five million. The merger will strengthen Helbiz's market presence, particularly in Los Angeles, and will add a long-term rental business to its operations. By integrating Wheels' offerings, Helbiz expects to achieve profitability at the operating level within 24 months.