Predict your next investment

Corporation
foreversharing.com

See what CB Insights has to offer

Investments

1

Portfolio Exits

1

About Forever Sharing

Forever Sharing is a China-based company in the production of electric smart mobility vehicles and a subsidiary of the Zhonglu Group.

Forever Sharing Headquarter Location

7th Floor, Building 9, No. 2388 Chenhang Road

Pujiang Town, Shanghai,

China

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Forever Sharing News

Micro-mobility Leader Helbiz Secures $8 Million from Forever Sharing, a Subsidiary of the Zhonglu Group, to Help Accelerate Global Growth

Oct 2, 2019

Chinese Smart Mobility Leader Forever Sharing Will Supply Helbiz with 20,000 Electric Bicycles and E-Scooters by the End of 2019 to Deploy Globally Pilot Programs Currently Taking Place in Cities Across the US, Europe and Asia October 02, 2019 09:00 AM Eastern Daylight Time NEW YORK--( BUSINESS WIRE )-- Helbiz , a global leader in micro-mobility, today announced an $8 million investment from Forever Sharing, a China-based leader in the production of electric smart mobility vehicles and a subsidiary of the Zhonglu Group (“Zhonglu”), to help accelerate its global growth. “Helbiz is operating in over 20 cities around the world, and we’re expanding rapidly with advanced proprietary technology solutions that solve the mobility challenges that people face today,” said Salvatore Palella, founder and CEO of Helbiz. “Forever Sharing understands our vision of creating a more sustainable world through micro-mobility services, and its investment further demonstrates the confidence that international investors have in Helbiz as we quickly become a global leader in the smart mobility revolution.” As a result of this partnership, Forever Sharing will supply Helbiz with 20,000 electric bicycles and e-scooters by the end of 2019 to deploy globally. All of the certified vehicles will be in compliance with both European and American regulations. Several of the models will be custom designed exclusively for Helbiz using Helbiz’s proprietary technology. Additionally, Forever Sharing will play a key role in supporting Helbiz in developing mobility-sharing services around Asia and other markets and will also supply geo-fence equipped bicycles and e-scooters for optimizing fleet management. Phase one of this partnership will consist of the launch of a new electric bike sharing service that is built upon Helbiz’s established e-scooter service. The service, which will be accessible to all users within the next few weeks, is based on the company’s innovative electric bike named “Greta.” Equipped with a 250W motor and a battery of 14 AH, Greta will guarantee a range of up to 80 km on a single charge and reach a maximum speed of 25 km/hour. “As the micro-mobility industry continues to expand rapidly around the world, we’re excited to invest in and partner with Helbiz to drive the next wave of innovation,” said Stanley Wong, co-founder and COO of Forever Sharing. “We look forward to collaborating with Helbiz and developing customized solutions that both cater to the current needs of riders and enhance the micro-mobility space.” For additional information, visit www.helbiz.com . ABOUT HELBIZ Helbiz is a global leader in micro-mobility services. Launched in 2018 and headquartered in New York City, the company operates e-scooters and e-bicycles in over 20 cities around the world including Milan, Madrid, Belgrade and Singapore. Helbiz is committed to being solely powered by 100% renewable energy with zero carbon emissions.

Forever Sharing Investments

1 Investments

Forever Sharing has made 1 investments. Their latest investment was in Helbiz as part of their Corporate Minority on October 10, 2019.

CBI Logo

Forever Sharing Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/2/2019

Corporate Minority

Helbiz

$8M

Yes

2

Date

10/2/2019

Round

Corporate Minority

Company

Helbiz

Amount

$8M

New?

Yes

Co-Investors

Sources

2

Forever Sharing Portfolio Exits

1 Portfolio Exit

Forever Sharing has 1 portfolio exit. Their latest portfolio exit was Helbiz on February 08, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/8/2021

Reverse Merger

$991

10

Date

2/8/2021

Exit

Reverse Merger

Companies

Valuation

$991

Acquirer

Sources

10

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.