Helbiz Partners With Mapping Company Fantasmo To Integrate Parking Technology

Helbiz Inc HLBZ has partnered with mapping company Fantasmo to integrate hyper-accurate parking technology into its e-scooter app.
The company expects the integration to roll out across its fleet in Miami, Florida, with plans to expand to other markets.
Fantasmo's Camera Positioning Standard (CPS) technology can detect the exact location of e-scooters and validate parking within 8 inches or less with a phone camera.
CPS technology uses data connections and cameras to capture the precise mapping and position of each device and does not require any infrastructure like satellites, beacons, or radios.
To unlock and park each e-scooter, riders will scan the QR code and surrounding area with their phone camera, which notifies Helbiz of the device's exact location and whether or not it is parked within city-approved areas.
Price Action: HLBZ shares are trading lower by 0.78% at $11.47 on the last check Wednesday.