Helbiz, Inc. (HLBZ) experienced an increase of 15.03% in the aftermarket because the company announced in an SEC filing that Palella Salvatore bought 3,00,000 and 200,000 shares for $5.78 and $8.20 per share respectively. However, the last trading session closed at $3.06 with a decrease of 6.71%.
Partnership Expansion of HLBZ with Segway – Worth it?
On 21st January 2022, HLBZ announced that it has expanded its partnership with Segway which is a well-known company for transportation services. With the help of this partnership, Segway will deliver a wide range of vehicles to Helbiz, ranging from electric scooters to electric cycles. During the first half of 2022, Helbiz will attain the extraordinary milestone of having over 35,000 owned automobiles on the road around the world.
Moreover, HLBZ will also test a new Segway T60 Lite scooter prototype. It will have a fish-eye camera and an AI-powered system for detecting and avoiding obstructions. Not only this but it will also help in identifying driveable zones and road boundaries and recognizing pedestrians. Last but not the least, all Segway models are built with cutting-edge Internet of Things (IoT) technology.
Now what?
The company is ecstatic to continue working with Segway. The addition of these new automobiles to the fleet is a significant step forward for the company in international markets, demonstrating its commitment to offering safe and technologically advanced sharing services.
Partnership of HLBZ with Vmoto Soco – What’s up?
HLBZ announced on 20th January 2022 that it has extended its partnership with Vmoto Soco. It’s an Australian firm that specializes in making electric two-wheeled vehicles. Vmoto Soco could provide Helbiz with a further 2,000 electric mopeds as part of the expanded cooperation. Moreover, the Vmoto vehicle provides Helbiz customers with an additional mode of transportation to and from their selected locations.
Vmoto Soco has headquarters in China, the Netherlands, and Italy, and operates in 29 countries across Asia, Europe, South Africa, South America, and, more recently, North America. Vmoto Soco and Helbiz will collectively build a more sustainable future by producing and distributing green automobiles. Lastly, Helbiz intends to keep distributing Vmoto devices in European markets in the future.
What’s Next?
Helbiz EMEA’s commitment to providing cities with efficient and sustainable mobility is exemplified by its collaboration with Vmoto Soco. Furthermore, the company will be able to expand its presence across Italy with this increased supply of e-mopeds, ensuring that every town has access to safe and efficient sharing services.
