Wheels One Now Available for Preorder

Rhea-AI Summary

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.

Positive

• Launch of the preorder site for Wheels One, indicating strong market interest.
• Enhanced safety features, including Lidar detection and larger brake systems.
• Predicted shipping by the end of Q2 2023, potentially driving early revenue.

Negative

• None.

The newest vehicle by Wheels, part of Helbiz, features industry leading technology and is available to individual purchase from today

NEW YORK--(BUSINESS WIRE)-- Wheels, a Helbiz (NASDAQ:HLBZ) company, has launched today the preorder site for the Wheels One. Purchasable at helbiz.com/wheelsone, this is the first time any of Wheels’ unique devices has been available for private ownership. The Wheels One features industry leading technology and capabilities and will begin to ship to customers by the end of Q2 2023. The vehicle will cost $1699 + VAT at launch and $100 at pre-order.

Wheels is a last-mile, shared electric mobility platform whose seated form factor changes the landscape in dockless mobility. In addition to being seated, Wheels devices have a low center of gravity and 14-inch wheels to help navigate uneven pavement surfaces. Wheels has launched a first-of-its-kind integrated helmet system that can give riders physical access to a shareable helmet with every ride they take. Wheels is headquartered in West Hollywood, California. Learn more at www.takewheels.com. (Photo: Business Wire)

"The overwhelming positive response we received after announcing the Wheels One, including interest from a vast selection of global distributors, has given us confidence in the value it will bring to the micro-mobility private ownership industry and the positive impact it will have on our business." said Salvatore Palella, Helbiz CEO.

The new Wheels One device builds upon the success of the original device that revolutionized micro-mobility for communities and businesses. It maintains the convenient, patented and easy-to-use sit-down scooter form factor, but has been upgraded with additional safety and interactive features. These include a more powerful motor that can handle slopes up to six degrees, a Lidar system for detecting traffic from behind, larger brake discs and pads, and a one piece chassis design that is both strong and waterproof. The device also has an expansion port for accessories and built-in theft prevention.

About Wheels

Wheels is a last-mile, shared electric mobility platform whose seated form factor changes the landscape in dockless mobility. In addition to being seated, Wheels devices have a low center of gravity and 14-inch wheels to help navigate uneven pavement surfaces. Wheels has launched a first-of-its-kind integrated helmet system that can give riders physical access to a shareable helmet with every ride they take. Wheels is headquartered in West Hollywood, California. Learn more at www.takewheels.com.

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 65 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. Helbiz is expanding its urban lifestyle products and services to include live streaming services, food delivery 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/20221222005383/en/

For media inquiries:

press@helbiz.com



For investor inquiries:

Gary Dvorchak, CFA

The Blueshirt Group

gary@blueshirtgroup.com

+1 (323) 240-5796

Source: Helbiz

FAQ

What is the launch date for the Wheels One by Helbiz?

The Wheels One preorder site launched today, with devices expected to ship by the end of Q2 2023.

How much does the Wheels One cost?

The Wheels One is available for pre-order at $100, with a retail price of $1699 plus VAT.

What features does the Wheels One include?

The Wheels One features a powerful motor for slopes, Lidar traffic detection, larger brakes, and a waterproof chassis.

Which company launched the Wheels One vehicle?

The Wheels One vehicle was launched by Wheels, a subsidiary of Helbiz.

What is the significance of the Wheels One launch for Helbiz?

The launch signifies Helbiz's entry into the private ownership market for micro-mobility vehicles and its confidence in demand.