Helbiz Plans To Expand Vehicle Fleet Via Partnership With Wheels

by Shivani Kumaresan, Benzinga Staff Writer

January 13, 2022 2:19 PM | 1 min read

Helbiz Inc 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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