Helbiz unveils new prototype of e-scooter intended for sale to consumers worldwide

Helbiz Inc. (NASDAQ: HLBZ), a global leader in micro-mobility, today announced the launch of its first electric scooter intended for sale, Helbiz One. The e-scooter prototype was developed through a collaboration with international design house and emblem of Italian style, Pininfarina, and MT Distribution, a leader in the design and production of urban micro-mobility solutions in the Italian Motor Valley. The launch of Helbiz One underscores the rapid growth of the micro-mobility industry and the continued adoption of urban transportation methods.

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Helbiz Partners with Pininfarina to Launch ‘Helbiz One’ E-Scooter (Photo: Business Wire)

The Helbiz One e-scooter was created with sustainability, efficiency and safety at its core. With a custom design by Pininfarina and engineered by MT Distribution, each device comes equipped with front and rear shock absorbers, LED indicator lights and display, a dedicated smartphone app, and a bluetooth system. It also features 3 driving modes: eco, city and sport. The e-scooters will be available for purchase in 2022. Interested buyers can join the waitlist online at Helbiz.com/HelbizOne and will receive the First Edition offer for a free insurance policy.

The launch of Helbiz One will advance the role of e-scooters in urban transportation infrastructure. As the first micro-mobility company to list publicly on Nasdaq, Helbiz continues to position itself as an innovative industry leader. The Company is present in nearly 35 cities around the world with plans to continue expanding.

Emanuele Liatti, Chief Product Officer of Helbiz commented, “The micro-mobility market is rapidly growing and continues to prove itself as an invaluable asset of our time. The presentation of this new product further supports our mission to make cities more liveable with less congestion, noise and pollution. We are thrilled to partner with Pininfarina and MT Distribution to develop the first Made in Italy e-scooter for purchase, Helbiz One.”

"The launch of Helbiz One further supports Pininfarina's commitment to sustainable mobility in all its forms,” explains Giuseppe Bonollo, Senior Vice President Sales & Marketing of Pininfarina. “We have been innovating and designing for a variety of industries for more than 90 years now. The new trends of sustainable urban mobility have been exciting to watch. We are thrilled to partner with Helbiz and MT to develop a new way of moving that combines high technology and quality, while at the same time reducing congestion in cities."

“We are proud to launch the first Helbiz One prototype and look forward to bringing it to the market next year,” adds Alessandro Summa, CEO of MT Distribution. “This is only the beginning of a successful partnership with Pininfarina and Helbiz.”

About Pininfarina

Pininfarina, founded in 1930, is an internationally recognized design company. With offices in Italy, Germany, China and the United States, it is an emblem of Italian design that is unique in the world. It works with Ferrari, Lamborghini, Jeep, Chrysler, Maserati, Stellates group, and other brands. Pininfarina is not only the world leader in automotive design. It has completed more than 600 projects in different areas over the course of nine decades and has received numerous international awards.

About MT Distribution

Founded in 1977, MT Distribution today represents a solid reality recognized worldwide in the panorama of urban electric mobility, thanks to the 360 offer of electric scooters, e-bikes, accessories and spare parts. It works with Lamborghini, Ducati, Aprilia, Stellates group, VR46 and other brands. Italian character is the hallmark of the company proposal, which unites the proprietary Argento brand and the electric micro mobility lines developed in partnership with the major players in the automotive sector.

www.mtdistribution.it

About Helbiz

Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform in 35 cities around the world. Helbiz utilizes a customized, proprietary fleet management platform, artificial intelligence and environmental mapping to optimize operations and business sustainability. Helbiz is expanding its urban lifestyle products and services to include live streaming services, food delivery, financial services and more, all accessible within its mobile app.

Forward-Looking Statements

Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the failure to meet projected development and production targets; (ii) changes in applicable laws or regulations;(iii) the effect of the COVID-19 pandemic on the Company and its current or intended markets; and (iv) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in GreenVision’s periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and amended on May 21, 2021. The Company’s SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to Helbiz and speaks only as of the date on which it is made. Helbiz undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

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