Helbiz, Inc.
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ROIC.AI
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- Helbiz, Inc., established in 2015 and headquartered in New York, New York, initially focused on intra-urban transportation, providing shared electric micro-mobility solutions across various cities. The company has offered a diverse fleet including e-scooters, e-bikes, and e-mopeds, all accessible through its dedicated mobile application, supporting an economy where users can rent electric vehicles for short trips. While previously expanding into areas like live sports content distribution and ghost kitchen food delivery services through Helbiz Kitchen, the core emphasis has remained on sustainable urban mobility solutions. Helbiz, Inc. became a publicly traded entity on Nasdaq in August 2021 under the ticker HLBZ following a merger. However, to address Nasdaq listing compliance issues and facilitate a strategic shift, the company underwent a reverse stock split and subsequently rebranded to Micromobility.com Inc. in March 2023, with its ticker symbol changing to MCOM. This strategic pivot included discontinuing operations in unprofitable markets by spring 2023, aiming for optimized operations and a clear path to profitability. The company continues to evolve its mobility offerings, having acquired Wheels Labs Inc. in November 2022 to integrate sit-down scooters and long-term rental subscriptions.
micromobility.com Inc. Announces First Quarter 2023 Financial Results
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