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Benzinga
Benzinga
Business
Shivani Kumaresan

Helbiz Wins Contract To Serve As E-Bike Vendor For Belgrade, Serbia

Helbiz Belgrade HLBZ Serbia
  • Helbiz Inc (NASDAQ:HLBZ) has been selected as the exclusive micro-mobility public e-bike vendor for Belgrade, Serbia.
  • The agreement designates the e-bike operator as the exclusive vendor for 15 years.
  • Helbiz will deploy at least 1,000 e-bikes and 150 parking terminals throughout the city.
  • The contract is expected to drive Helbiz's revenue growth and expand its presence in Europe.
  • "This agreement will be the longest in the company's history and its length is unique for the industry," said CEO Salvatore Paella.
  • Price Action: HLBZ shares are trading higher by 3.16% at $2.94 in premarket on the last check Friday.
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