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Helbiz

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Helbiz, Inc. is an American intra-urban transportation company headquartered in New York City with an aim to solve the first mile/last mile transportation problem of high-traffic urban areas around the world.

Helbiz was founded on 16 October 2015 by Italian serial entrepreneur, Salvatore Palella and is the first company to introduce the shared electric scooter model in Italy as early as October 2018 through legalization and regulation of the electric scooters in Italy.

Operations

The Helbiz team acts as an intermediary between peers that use the app by monitoring the vehicles throughout the day and collecting them in the night.

Government Collaboration

In October 2018, the approval by the Italian minister of Transportation allowed the legalization of electric scooters as a mobility service in the country of Italy, which allows Helbiz to operate its Micromobility services to individual municipalities and communities.

IPO and Funding

In October 2015, according to Crunchbase Helbiz raised a seed round of $1.3 million, in February 2017 through equity crowdfunding it raised $1.1 million and in March 2019 through a convertible note it raised $15 million Helbiz announced the intention to file a dual list Initial Public Offering on NASDAQ and on the Borsa Italiana AIM Italia exchange.

Subject to NASDAQ requirements, the Company plans to list under the symbol “HLBZ”. Helbiz intends to use the proceeds from the offering for expansion of the Company’s fleet of scooters, new territory deployment and working capital.

  1. "Helbiz Launches Historic Initial Public Offering". Business Wire. June 6, 2019.
  2. "A Milano in strada i primi monopattini elettrici di Hel-biz". Business Wire. 19 October 2018.
  3. "Micromobilità, Helbiz commenta le nuove regole". Web News. 20 May 2019.
  4. "Monopattini elettrici, prepariamoci a un'invasione silenziosa". Web News. 19 December 2018.
  5. "Helbiz funding". Crunchbase. 16 October 2015.
  6. "Helbiz Launches Initial Public Offering Process To Dual List On NASDAQ and Aim Italia". Crunchbase. 16 October 2015.