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

by Shivani Kumaresan, Benzinga Staff Writer

March 25, 2022 9:26 AM | 1 min read | Make a Comment

Helbiz Inc 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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