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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