Helbiz Shares Pop On Extended Partnership With Moovit

Micro-mobility company Helbiz Inc HLBZ, in collaboration with Intel Corp INTC company Moovit, will expand the integration of its electric vehicles within the Moovit app. The financial terms of the arrangement remain undisclosed.
Moovit is a Mobility as a Service (MaaS) solutions provider and an urban mobility app creator.
Through this expanded partnership, Moovit users will access Helbiz's suite of micro-mobility vehicles in over 35 of its operating cities across the U.S. and Italy, followed by Spain, France, and Serbia in the coming months.
The two companies will work together to gather valuable mobility insights further to develop their shared vision of decreasing congestion globally.
Now Helbiz can easily integrate its electric scooters, e-bikes, and mopeds within the Moovit app, ultimately decreasing city streets' congestion. Moovit also notifies users when a Helbiz device is available nearby, noting how long it will take to walk there, an estimated cost of the trip, and the remaining battery range.
With services in 3,400 cities across 112 countries, Moovit provides its base of over 1 billion users with access to the most comprehensive urban mobility information in one app.
Price Action: HLBZ shares traded higher by 3.50% at $11.83 on the last check Friday.