Helbiz, Inc. (HLBZ) in New York City is a micro-mobility services company that manufactures and sells e-scooters, e-bicycles, and e-mopeds in 35 cities worldwide. On August 13 last year, the company went public through a reverse merger with blank-check company GreenVision Acquisition Corp. HLBZ raised $24.50 million in gross cash proceeds through the merger. The company plans to utilize the funds to expand its mobility services in the United States and Europe and accelerate the development of adjacent service categories, such as food delivery, integrated payment options, live streaming services, etc.
Regarding its stock market debut, HLBZ’s CEO Salvatore Palella said, “The public debut of Helbiz is a significant milestone, not only for us as a company, but for the rapidly growing micro-mobility industry. This transportation revolution has allowed us to advance our mission to solve first-and-last-mile mobility needs for cities around the world with zero impact on the environment. Now operating in 35 international cities, we are committed to providing safe, innovative micro-mobility solutions that are needed to reduce each city’s congestion, pollution, and carbon footprint. With this new funding, we look forward to making life better in even more cities around the world.”
