Helbiz Announces Q3 2021 Financial Results

Helbiz, Inc. (NASDAQ: HLBZ) (“Helbiz” or the “Company”), a global leader in micro-mobility and the first in its industry to be publicly listed on Nasdaq, today reported financial results for the third quarter ended September 30, 2021, in conjunction with its Quarterly Report on Form 10-Q filed today.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211115006221/en/

Helbiz Announces Q3 2021 Financial Results

Q3 Highlights

Mobility

• Surpassed 40 licenses in U.S. and Europe
• 25,000 vehicles on order to drive 2022 growth
• Launched Helbiz One scooter for retail sale, consumer demand leads to growing pre-order list

Delivery

• Opened world’s largest ghost kitchen in Milan
• Late stage discussions to open a food services “B2B kitchen” with Italian flagship airline, ITA
• Scouting locations to expand ghost kitchen/delivery into the U.S.

Media

• Launched Helbiz Live media app
• Acquired Italian market NFL and Serie B football rights for Helbiz Live
• Strong revenue contribution, over 15% of Q3 revenue

Financial

• First micro-mobility company to list in the U.S.
• Completed SPAC merger and commenced trading on Nasdaq
• Raised over $65 million since August: PIPE, warrant exercise, convertible offering

Helbiz Founder and Chief Executive Officer Salvatore Palella commented, “The Helbiz team has worked relentlessly since our founding to build an innovative, exciting and green company. Our Nasdaq listing in August was a milestone and represents only the start of our journey. In the third quarter, we made outstanding progress in our core micro-mobility business, and in layering on additional services that enable the modern urban lifestyle.”

Palella elaborated, “Growth in mobility is being driven by opening in new cities, building our fleet, and introducing our first scooter sold for consumers at retail, the Helbiz One. We are further serving the lifestyle of modern city dwellers with food delivery, which we launched with our first ghost kitchen in Milan, the largest in the world. We also successfully launched our media offering Helbiz Live, which pairs perfectly with food delivery. Mobility addresses the ‘go out’ moments in life, while delivery and media are complementary ‘stay in’ services.”