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Helbiz Expands Micro-Mobility Operations Washington, DC Area

Akanksha Bakshi
August 12, 2022
  • Helbiz, Inc. (NASDAQ:HLBZ) has expended its micro-mobility operations in the Washington, D.C. area with its newest e-bike model launch in Alexandria and Arlington, VA.
  • After a competitive process, Helbiz was selected as a new vendor for the micro-mobility program in Alexandria, VA.
  • Helbiz is permitted to launch 350 of Helbiz’s electric bikes in both cities combined.
  • Additionally, HLBZ extended its permit for its scooter fleet in Washington, D.C., until December 31, 2022.
  • “We are proud to continue growing with how we service the D.C. area, adding a new city with Alexandria and expanding our fleet in Arlington,” stated Salvatore Palella, Helbiz CEO.”
  • Price Action: HLBZ shares closed lower by 11.20% at $1.27 on Friday.

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