Helbiz Plans To Expand Vehicle Fleet Via Partnership With Wheels

By Shivani Kumaresan
  • Helbiz Inc (NASDAQ:HLBZ) has entered into a Memorandum of Understanding with shared electric mobility platform, Wheels.
  • Wheels is expected to supply Helbiz with an initial fleet of 2,500 seated e-mobility devices to first deploy in four cities in the U.S. and two Italian innovation hubs starting next month with more markets in the future.
  • The companies anticipate entering into definitive documents within 30 days.
  • "Wheels' seated design and integrated smart helmet allow us to service a wider range of users including those with limited mobility," said Vivian Myrtetus, Head of Partnerships and Policy at Helbiz.
  • Wheels devices will be available to unlock, rent, and ride through the Helbiz App.
  • Price Action: HLBZ shares are trading lower by 1.30% at $5.26 on the last check Thursday.

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