Mopeds will become fully integrated and branded as Helbiz vehicles, joining existing fleet of electric scooters and electric bicycles
MILAN–(BUSINESS WIRE)–Helbiz, a leader in micro-mobility and the business combination target of GreenVision Acquisition Corp. (Nasdaq: GRNV), today announced the completion of its acquisition of MiMoto Smart Mobility S.r.l. (“MiMoto“), the first moped sharing platform in Italy. Through this acquisition, Helbiz will expand its fleet of sharing vehicles by integrating MiMoto’s electric moped service onto its platform. Users will now be able to access e-scooters, e-bicycles and e-mopeds on one seamless app. The electric moped service is currently available in four Italian cities including Milan, Turin, Genoa and Florence and will expand into other cities in the coming months.
“Thanks to the acquisition of MiMoto by Helbiz, we have created an urban electric mobility player that will make Italian cities, and soon cities around the world, increasingly sustainable and less congested by traffic”
“We are very pleased to have completed this transaction,” commented Salvatore Palella, founder and CEO of Helbiz. “At a time like this, when sustainable and safe mobility is increasingly important, we want to give Italian citizens more transportation options to best meet their needs. The integration of MiMoto’s expertise and solution onto our platform provides us with a new impetus for growth and represents our continued commitment to building a new model of urban mobility.”
“Thanks to the acquisition of MiMoto by Helbiz, we have created an urban electric mobility player that will make Italian cities, and soon cities around the world, increasingly sustainable and less congested by traffic,” jointly stated MiMoto’s three founders Alessandro Vincenti, Gianluca Iorio and Vittorio Muratore. “The three different micro-mobility services on a single platform guarantees an immediate and more varied offering, which will ensure cities are more livable. We are extremely proud to be part of this change.”
To date, MiMoto’s fleet has seen over one million trips for a total of over 5 million kilometers in 285K hours. On average, users have traveled 4.5km in 16 minutes, highlighting the popularity and success of these sustainable, practical and efficient vehicles among users.
As part of the transaction, Helbiz was assisted by Ortoli | Rosenstadt and Deloitte Legal for the legal aspects in the USA and Italy, respectively. MiMoto was assisted by Inexo for the M&A activities and by Dentons for the legal aspects.
For additional information, visit www.helbiz.com.
Helbiz is a global leader in micro-mobility services. Launched in 2016 and headquartered in New York City, the company operates e-scooters, e-bicycles and e-mopeds in over 30 cities around the world including Washington, D.C., Alexandria, Arlington, Atlanta, Jacksonville, Miami, Milan, Richmond and Rome. Helbiz utilizes a customized, proprietary fleet management platform, artificial intelligence and environmental mapping to optimize operations and business sustainability. Helbiz announced on February 8, 2021 it has entered into a merger agreement with GreenVision Acquisition Corp. (Nasdaq: GRNV) (“GreenVision”) a SPAC, which, upon closing, will result in Helbiz becoming the first micro-mobility company listed on Nasdaq.
About GreenVision Acquisition Corp.
GreenVision Acquisition Corp. is a newly organized special purpose acquisition company formed under the laws of the State of Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
MiMoto is the first made in Italy service of 100% electric free-flow scooter sharing active in the cities of Milan, Turin, Florence and Genoa. Born in 2015 from the idea of three young Italian entrepreneurs and started from Milan, MiMoto has in a few years increasingly expanded its fleet revolutionizing the concept of urban mobility in a smart and green key, and making it simple, fun and eco-sustainable to move within the city. It’s simple because you just need to use your smartphone to reach the desired destination, reducing costs and travel time. Thanks to the proprietary app, the user can easily locate, book, start and leave the vehicle; all without worrying about their wallet or recharging. It’s fun because the eScooters in MiMoto’s fleet are light, manageable, easy to drive and allow total freedom of movement, even for two people. It’s eco-friendly because, with a 3,000 W electric motor, all the vehicles have zero emissions and respect the environment.