Helbiz Expands Partnership With Segway

Helbiz Inc HLBZ revealed the expansion of its partnership with Segway, a personal transportation services provider. The initial collaboration between the parties began two years ago.
Through the expanded partnership, Segway will supply electric scooters to electric bikes, which Helbiz will distribute globally in the cities where it operates.
The company expects the move to enable it to reach the milestone of more than 35,000 owned vehicles on the roads around the world during the first half of 2022.
Also, a new prototype of the Segway T60 Lite scooter will be introduced and tested for the first time.
“Adding these new vehicles to our fleet serves as a fundamental step in our global expansion and supports our commitment to safe and technologically advanced sharing services,” said Matteo Mammì, CEO of Helbiz EMEA.
Price Action: HLBZ shares traded lower by 5.10% at $4.40 on the last check Friday.