News

Helbiz Launches Historic Initial Public Offering Process to Dual List on NASDAQ and Borsa Italiana’s AIM Italia

Established Italian Market Leader in Prime Position for Further
Expansion Just as Italy’s Ministry of Transportation Approves Nationwide
Use of Electronic Scooters

NEW YORK–(BUSINESS WIRE)–#borsaitaliana–Helbiz, Inc. (“Helbiz” or the “Company”), an intra-urban transportation
solution that allows users to instantly rent electric scooters directly
from the Helbiz mobile app, today announced the intention to file an
Initial Public Offering on NASDAQ. Helbiz intends to dual list on the
AIM Italia exchange, a multilateral trading facility organized and
managed by Borsa Italiana S.p.A.


Headquartered in New York, Helbiz has a strategic footprint in growing
markets with offices in New York, Milan, Madrid, Belgrade and Singapore,
with additional operational teams around the world. The Company
currently has e-scooters operating in Milan and Malaga, with pilot
programs in Italy in Rome, Turin, Florence and Pisa; as well as pilot
programs in Spain in Madrid, Marbella, Vitoria-Gasteiz and Palma de
Mallorca. Notably, Helbiz is the established market leader in Italy,
with national scale, local expertise, as well as a prime position for
continued expansion given the recent approval of electronic scooter use
nationwide by the Italy’s Minister of Transportation, Danilo Toninelli.
The Company also has pilot programs underway in Portugal, Greece,
France, Singapore and Georgia. Helbiz hopes to further expand the
e-scooter business internationally, as well as enhance its business
lines to compete with the full scope of the scooter-sharing and
micromobility industries.

Helbiz created HelbizGO,
a dockless intra-urban transportation solution directly integrated into
the Helbiz platform, allowing users to download the Helbiz app from the
Google Play Store or the Apple App Store to then instantly geolocate,
rent and unlock electric scooters directly from their phones with a tap
and simply leave curbside when finished. Built for the sharing economy
and for small trips, Helbiz scooters feature on-board connectivity, and
are affordable and easy to use. The Company’s proprietary software and
hardware is integrated into the scooters to maximize vehicle life,
minimize operational costs and potentially improve safety. Helbiz
utilizes a customized fleet management platform, artificial
intelligence, and Environmental Mapping to optimize operations and
profitability. The Company constantly monitors the platform and captures
the anonymized data of all rides, riders, scooters, and personnel with
advanced analytics. This data is then used to properly deploy, monitor
and reposition the fleet to meet demand in different areas and maximize
ridership.

TriPoint Global Equities, LLC, working with its online division BANQ®
(www.banq.co),
will act as the lead managing selling agent and sole bookrunner for the
offering in the United States. Ortoli Rosenstadt LLP will act as counsel
to the Company and Hunter Taubman Fischer & Li LLC will act as counsel
to the underwriter. Subject to NASDAQ requirements, the Company plans to
list under the symbol “HLBZ.” Helbiz intends to use the proceeds from
the offering for expansion of the Company’s fleet of scooters, new
territory deployment and working capital.

In connection with the potential listing on the AIM Italia, Intermonte
will act as bookrunner, EnVent Capital Markets LTD will act as nominated
adviser and Deloitte Legal as legal adviser.

Individuals, other than residents of Italy or of any jurisdiction where
is unlawful to do so, interested in learning more about the Helbiz IPO
investment opportunity can register an indication of interest by
visiting http://banqtrader.com/Helbiz.
In case of dual listing on AIM Italia, the relevant offering would be
addressed to qualified investors and to other investors falling within
the public offering’s express exemptions in Italy and institutional
investors in other countries outside the United States (excluding
Canada, Japan and Australia).

This announcement does not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of shares
in Italy or, in any jurisdiction in which such offer, solicitation or
sale would be unlawful.

“The Helbiz team is laser-focused on the first- and last-mile problem
that faces so many high-traffic areas around the world, and we are
already making a difference in cities all across Europe,” said Salvatore
Palella, founder and CEO of Helbiz. “Our experience serving these
markets has been invaluable, and it has informed our proven approach to
new markets that involves working proactively with city leaders. Our
business model and technology stand apart from other companies that
touch this space, and in ways that positively impact our bottom line.”

About Helbiz

Headquartered in New York City and founded in 2016 by Italian serial
entrepreneur Salvatore Palella, Helbiz is an intra-urban transportation
company with a mission to solve the first- and last-mile transportation
problem of high-traffic urban areas around the world. The company has a
strategic footprint in growing markets with offices in New York, Milan,
Madrid, Belgrade and Singapore, with additional operational teams around
the world. Helbiz’s innovative flagship HelbizGO
electric scooter service is fully operational in Italy and Spain, with
pilot programs underway in Portugal, France, Greece, Singapore, and
Georgia, and was built for the sharing economy and for a healthier
planet. Designed for small trips, HelbizGO electric scooters are
affordable and easy to use, plus they offer users a convenient way to
reduce their carbon footprint. The Helbiz app is available via the
Google Play Store and the Apple App Store. For more information, please
visit www.helbiz.com.

Forward-Looking Statements

This press release may include ”forward-looking statements.” To the
extent that the information presented in this press release discusses
financial projections, information, or expectations about our business
plans, results of operations, products or markets, or otherwise makes
statements about future events, such statements are forward-looking.
Such forward-looking statements can be identified by the use of words
such as ”should,” ”may,” ”intends,” ”anticipates,” ”believes,”
”estimates,” ”projects,” ”forecasts,” ”expects,” ”plans,” and
”proposes.” Although we believe that the expectations reflected in
these forward-looking statements are based on reasonable assumptions,
there are a number of risks and uncertainties that could cause actual
results to differ materially from such forward-looking statements. You
are urged to carefully review and consider any cautionary statements and
other disclosures, including the statements made under the heading “Risk
Factors” and elsewhere in the offering statement that we will file with
the SEC. Forward-looking statements speak only as of the date of the
document in which they are contained, and Helbiz does not undertake any
duty to update any forward-looking statements except as may be required
by law.

Legal Disclaimer

The Company is “Testing the Waters” under Regulation A under the
Securities Act of 1933. The Company is not under any obligation to make
an offering under Regulation A. No money or other consideration is being
solicited in connection with the information provided, and if sent in
response, will not be accepted. No offer to buy the securities can be
accepted and no part of the purchase price can be received until an
offering statement on Form 1-A has been filed and until the offering
statement is qualified pursuant to Regulation A of the Securities Act of
1933, as amended, and any such offer may be withdrawn or revoked,
without obligation or commitment of any kind, at any time before notice
of its acceptance given after the qualification date. Any person’s
indication of interest involves no obligation or commitment of any kind.
The information in that offering statement will be more complete than
the information the Company is providing now, and could differ
materially. You must read the documents filed. No offer to sell the
securities or solicitation of an offer to buy the securities is being
made in any state where such offer or sale is not permitted under the
“blue sky” or securities laws thereof. No offering is being made to
individual investors in any state unless and until the offering has been
registered in that state or an exemption from registration exists
therein. The securities offered using Regulation A are highly
speculative and involve significant risks. The investment is suitable
only for persons who can afford to lose their entire investment.
Furthermore, investors must understand that such investment could be
illiquid for an indefinite period of time. No public market currently
exists for the securities, and if a public market develops following the
offering, it may not continue. Some issuers may intend to list its
securities on a national exchange and doing so entails significant
ongoing corporate obligations including, but not limited to, disclosure,
filing and notification requirements, as well as compliance with
applicable continued quantitative and qualitative listing standards.
Under no circumstances shall this announcement constitute an offer to
sell or the solicitation of an offer to buy, nor shall there be any sale
of shares in Italy or, in any jurisdiction in which such offer,
solicitation or sale would be unlawful. In case of dual listing on AIM
Italia, the relevant offering would be addressed to qualified investors
and to other investors falling within the public offering’s express
exemptions in Italy and institutional investors in other countries
outside the United States (excluding Canada, Japan and Australia). It
may be unlawful to distribute this announcement in certain jurisdictions.

Contacts

Lana Rushing
Rushing PR for Helbiz
310-428-1805
lana@rushingpr.com

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