Helbiz Expands Segway Partnership By Investing.com

Helbiz Expands Segway Partnership

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By Sam Boughedda

Investing.com — Micro-mobility company Helbiz Inc (NASDAQ:HLBZ) announced Friday that it has expanded its partnership with Segway, a personal transportation firm.

Helbiz allows users to rent its dockless e-scooters and bikes in cities including Washington D.C, Atlanta and Jacksonville. The expansion will see Segway supply Helbiz with vehicles such as electric scooters and electric bikes, which will then be distributed globally in the cities where Helbiz operates.

The companies first partnered two years ago. The expansion will allow Helbiz to reach the milestone of more than 35,000 owned vehicles on the roads around the world during the first half of 2022.

Matteo Mammì, CEO of Helbiz EMEA, said adding the new vehicles to its fleet will be "a fundamental step in our global expansion and supports our commitment to safe and technologically advanced sharing services."

Helbiz shares hit new lows Friday, down more than 10% to $4.15.

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