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.