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Helbiz secures $30 million investment to support US expansion

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Italian micromobility operator Helbiz has secured $30 million in funding after entering an agreement with a qualified institutional investor.

Headquartered in New York, Helbiz became the first shared electric micromobility firm to be listed on NASDAQ in August and will use the new funding to support the expansion of its market in the US.

The investment will also help fund the purchase of approximately 25,000 new e-scooters, e-bikes, and e-mopeds.

Helbiz completed a business combination with GreenVision Acquisition Corp prior to going public earlier this year, through which it raised around $24.5 million.

Launched in 2015, Helbiz now has a presence in more than 40 cities worldwide, including in the US, Canada and Italy, with the firm one of the leading shared operators in Italy alongside Bit Mobility.

“This capital raise marks another important milestone for Helbiz, enabling us to execute on dramatically expanding our United States presence,” said Salvatore Palella, Founder and Chief Executive Officer of Helbiz.

“I am confident that we will put these vehicles into operation immediately upon receipt.”

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