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Helbiz becomes first shared electric micromobility firm on NASDAQ

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Helbiz has become the first shared electric micromobility firm to be listed on NASDAQ, as CEO Salvatore Palella rung the opening bell on Friday.

The news comes after Helbiz announced that it had completed its business combination with GreenVision Acquisition Corp, netting the firm around $24.5 million.

The funding will go towards Helbiz growing its operation throughout North America and Europe.

Launched in 2015, Helbiz is an Italian-owned company headquartered in New York with a presence in 40 cities worldwide, including in the US, Canada and Italy, where it offers e-scooters, e-bicycles and e-mopeds.

Helbiz, alongside Bit Mobility, is the leading shared e-scooter operator in Italy, with a fleet of around 7,000 vehicles currently available.

“I want to thank our outstanding team at Helbiz for their hard work in making this dream a reality,” Palella said.

“The public debut of Helbiz is a significant milestone, not only for us as a company, but for the rapidly growing micromobility industry. This transportation revolution has allowed us to advance our mission to solve first-and-last-mile mobility needs for cities around the world with zero impact on the environment.

“Now operating in 35 international cities, we are committed to providing safe, innovative micro-mobility solutions that are needed to reduce each city’s congestion, pollution and carbon footprint. With this new funding, we look forward to making life better in even more cities around the world.”

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