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Helbiz Acquires Electric Mopeds of Italy Based MiMoto to Expand Micro-Mobility Fleet
Monday 10 August 2020

New York-based intra-urban transportation Helbiz, has signed an agreement with Italy based electric moped company MiMoto Smart Mobility S.r.l., marking the first step that will lead to the acquisition of MiMoto, integrating MiMoto's vehicles under the Helbiz brand, the company said.

Terms of the transaction were not disclosed.

The acquisition will expand Helbiz's innovative fleet of electric vehicles, which already includes electric scooters and electric bicycles, making Helbiz the only company offering these three sustainable transportation options, seamlessly on its app.

Through this acquisition, Helbiz's fleet in Italy will include 7,000 e-scooters, 3,000 e-bikes and 1,000 mopeds, serving over 1.2m 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 and A activities and by Dentons for legal aspects.
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Date Published: 10/08/2020

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