Helbiz, a global leader in micro-mobility, announced that it has signed an agreement with MiMoto Smart Mobility S.r.l., the first Italian mover in the electric moped market. This agreement marks the first step that will lead to the acquisition of MiMoto, at which point, all of MiMoto's mopeds will become fully integrated and branded as Helbiz vehicles.

The strategic acquisition will expand Helbiz's innovative fleet of electric vehicles, which already includes electric scooters and electric bicycles and represents the company's continued commitment to providing the most innovative transportation solutions on the market. Helbiz will now be the only company offering these three sustainable transportation options, seamlessly on its app.

“This agreement with MiMoto is an important milestone for Helbiz as we strive to lead the charge in driving sustainable and environmentally friendly transportation around the world,” said Salvatore Palella, Founder and CEO of Helbiz. “Our riders will now be able to access our enhanced fleet of innovative vehicles, which accommodates a wide range of travel options from short trips to long distances. We'll begin offering mopeds in Italy with plans to expand into every market we operate in.”

“The signed agreement signifies the first step of this acquisition, which will allow customers within the growing Helbiz ecosystem to ensure safe and sustainable rides all from one app,” said the founders of MiMoto, Alessandro Vincenti, Gianluca Iorio and Vittorio Muratore. “Our complementary offerings help accelerate the integration of green micro-mobility services within existing city infrastructure, and we're excited to offer riders more travel alternatives across Italy.”

Through this acquisition, Helbiz's fleet in Italy will include 7,000 e-scooters, 3,000 e-bikes and 1,000 mopeds, serving over 1.2 million users with electric micro-mobility solutions. At launch, electric mopeds will be available in Milan, Turin, Genoa, Rapallo, Santa Margherita Ligure and Portofino with plans for expansion into Rome, Florence, Bari, Pescara and Naples. Helbiz also plans to offer mopeds in all the markets it operates in including in the USA and across Europe.

As part of the transaction, Helbiz was assisted by Ortoli Rosenstadt and Deloitte Legal for the legal aspects in the USA and Italy respectively. MiMoto was assisted by Inexo for M&A activities and by Dentons for legal aspects.

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Helbiz adds electric mopeds to its micro-mobility fleet
Modified on Friday 7th August 2020
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Helbiz adds electric mopeds to its micro-mobility fleet