Helbiz is scootin’ onto the NASDAQ

Helbiz is taking scooters public... but wants to expand into ghost kitchens to really stand out.

Micromobility will make its stock market debut next quarter.

Helbiz is scootin’ onto the NASDAQ

Per TechCrunch, Helbiz ($HLBZ) — an electric bike and scooter company with a pretty incredible name — will merge with a SPAC (GreenVision Acquisition Corp.), valuing the combined entity at $408m.

Who the Hel(biz)?

If you haven’t heard of Helbiz, you’re certainly not alone.

The micromobility startup operates in only 6 US markets (Washington, DC; Arlington, Alexandria, and Richmond, Virginia; Atlanta, Georgia; and Miami, Florida) and has been steamrolled across North America by the popularity and media attention of its competitors, including Bird and Lime.

CEO Salvatore Palella has instead set his sights on Europe, where Helbiz operates in 13 cities… all in his home country of Italy.

The triple-threat trend

TechCrunch reports the company has “tried to differentiate itself” with a diverse portfolio of vehicles, including e-bikes and e-mopeds. One hiccup: Helbiz’s competitors have, quite literally, the exact same offerings.

To really mix things up, Helbiz plans to introduce ghost kitchens in Milan and DC to provide “5-minute delivery.”

If that works, it could be “one hell of a biz.”

New call-to-action

Related Articles

Get the 5-minute news brief keeping 2.5M+ innovators in the loop. Always free. 100% fresh. No bullsh*t.