Helbiz, Inc. (HLBZ): history, ownership, mission, how it works & makes money

A Brief History of Helbiz, Inc. (HLBZ)

Company Formation

Helbiz, Inc. was founded in 2015 by Salvatore Palella. The company initially focused on the development of a proprietary technology platform for managing micro-mobility solutions.

Initial Funding and Growth

In 2018, Helbiz secured approximately $10 million in funding through a Series A round aimed at expanding its fleet of electric scooters and bicycles.

Launch and Expansion of Services

Helbiz launched its first electric scooter services in Washington, D.C. in 2019. By the end of that year, the company operated in over 10 cities in the United States.

Acquisition of GreenVision Mobility

In July 2020, Helbiz acquired GreenVision Mobility, a micro-mobility operator, for approximately $6 million. This acquisition was part of Helbiz's strategy to increase its presence in the urban mobility market.

Public Listing

Helbiz went public through a reverse merger with a SPAC, Green Vision Acquisition Corp., in November 2020. The transaction valued Helbiz at around $150 million.

Financial Performance Metrics

Partnerships and Collaborations

In 2022, Helbiz partnered with Uber to integrate its micro-mobility services into the Uber app, allowing users to book scooters and bikes directly.

International Expansion

Helbiz expanded its operations internationally, launching services in Italy, specifically in cities like Milan and Rome, in early 2021.

Recent Developments

As of October 2023, Helbiz announced a strategic plan to increase its fleet to over 10,000 vehicles in the next 12 months across various cities in North America and Europe.

Share Performance

Challenges

Helbiz has faced challenges including regulatory hurdles in major cities, competition from other micro-mobility providers, and operational losses. As of Q3 2023, the company reported an operational loss of approximately $3 million.

Future Outlook

The company aims to achieve profitability by the end of 2024, with a projected revenue increase of 50% year-over-year.

A Who Owns Helbiz, Inc. (HLBZ)

Ownership Structure

As of October 2023, Helbiz, Inc. (HLBZ) has a diverse ownership structure comprising several institutional investors and individual shareholders. The company's shares are publicly traded on the NASDAQ under the ticker symbol HLBZ.

Major Shareholders

The following table outlines the major shareholders of Helbiz, Inc.:

Financial Performance

In the fiscal year ending December 31, 2022, Helbiz, Inc. reported the following financial data:

Recent Developments

In 2023, Helbiz, Inc. announced strategic partnerships aimed at expanding its operational reach. The company reported a growth in user subscriptions by 30% quarter-over-quarter. Total ride experiences exceeded 1 million in Q2 2023.

Stock Performance

The stock performance of Helbiz, Inc. has shown significant fluctuations, with the following data:

Future Outlook

Analysts predict an increase in demand for Helbiz’s services due to the growing trend towards micro-mobility solutions. Projected revenue for 2023 is estimated to reach $30 million, with ongoing cost reduction strategies expected to improve overall profitability.

Helbiz, Inc. (HLBZ) Mission Statement

Company Overview

Helbiz, Inc. (HLBZ) is a micro-mobility company focused on providing innovative transportation solutions through electric scooters and bikes, revolutionizing urban mobility. The company aims to enhance the user experience while prioritizing sustainability and eco-friendliness.

Core Mission Statement

The mission of Helbiz is to create sustainable and efficient urban transport solutions that promote accessibility and reduce carbon footprints. This commitment is encapsulated in their core values of innovation, safety, and service.

Strategic Goals

• To expand operations in new cities and regions, increasing accessibility to micro-mobility solutions.
• To enhance user experience through technological advancements in their platform.
• To promote environmental sustainability by reducing reliance on traditional forms of transportation.

Service Offerings

Helbiz offers a variety of services aimed at meeting the diverse needs of urban dwellers. The company’s offerings include:

• Electric scooters
• Electric bicycles
• Smart transportation solutions

Financial Performance

As of the third quarter of 2023, Helbiz, Inc. reported the following financial figures:

Market Positioning

Helbiz positions itself in the micro-mobility market, which is projected to grow significantly. According to a report by Statista, the global micro-mobility market size was valued at approximately $1.5 billion in 2022 and is expected to reach $6 billion by 2026.

Environmental Impact

Helbiz is committed to reducing carbon emissions. The company estimates that its services have avoided over 2.5 million metric tons of CO2 emissions since inception.

Strategic Partnerships

Helbiz has entered into various partnerships to enhance its platform, including collaborations with:

• Local governments for better integration of transportation networks.
• Technology firms for improved app functionality.
• Environmental organizations to promote sustainable transport.

Future Directions

The company plans to further invest in technology and sustainability initiatives, with an anticipated expenditure of approximately $5 million in R&D over the next year.

Conclusion

The mission of Helbiz is clearly articulated through its commitment to sustainability, innovation, and enhancing urban transportation. With robust financial metrics and strategic goals, the company is poised to capitalize on the growing micro-mobility market.

How Helbiz, Inc. (HLBZ) Works

Overview of Helbiz, Inc.

Helbiz, Inc. operates in the micro-mobility sector, providing services such as electric scooters, e-bikes, and other forms of transportation. The company has expanded its operations globally, focusing on urban areas for greater accessibility. As of 2023, Helbiz has over 100,000 vehicles deployed across multiple cities.

Business Model

Helbiz's business model revolves around a shared mobility approach. Users can rent vehicles using the Helbiz app, where they can locate, unlock, and pay for their rides. The pricing structure is typically composed of:

• Unlocking fee: $1.00
• Per minute charge: $0.15
• Daily pass: $29.99 for unlimited rides within 24 hours

Revenue Streams

The company generates revenue through several channels, including:

• Ride Fees: Income from each ride completed.
• Corporate Partnerships: Collaborations with municipalities and organizations for specific transportation solutions.
• Advertising: Opportunities on vehicles and through the app.

Financial Performance

As per the latest financial report (Q2 2023), Helbiz, Inc. reported:

Market Position

Helbiz, Inc. is part of a competitive micro-mobility market, which is expected to grow at a CAGR of 12.5% from 2023 to 2030. Its main competitors include Lime, Bird, and Spin. According to recent market analysis, Helbiz holds approximately 8% market share in the United States.

Expansion Plans

Helbiz aims to expand its operations into new international markets including:

• Europe: Entering cities like Paris and Berlin.
• Latin America: Targeting Brazil and Argentina.
• Asia: Exploring opportunities in cities such as Tokyo and Seoul.

User Base

As of mid-2023, Helbiz has gained significant traction with a user base of over 1.5 million active users. The average user completes approximately 2.5 rides per week.

Environmental Impact

Helbiz focuses on sustainability, claiming to have reduced carbon emissions by approximately 20,000 tons since its inception by promoting electric vehicle use. The company plans to further enhance its green initiatives through:

• Increasing the fleet of e-bikes and electric scooters.
• Implementing recycling programs for old vehicles.
• Partnering with local governments for sustainable urban mobility solutions.

Technological Innovations

Helbiz has invested in technology enhancements, including:

• Real-time ride tracking and analytics.
• AI-based algorithms for fleet management.
• Enhanced user experience through app updates.

Financial Outlook

Looking ahead, analysts project Helbiz's revenue to grow by 30% year-on-year, estimating revenues of $13.65 million by the end of 2023. The company is also focusing on operational efficiencies to reduce its net loss by 15%.

How Helbiz, Inc. (HLBZ) Makes Money

Business Model Overview

Helbiz, Inc. operates primarily in the micro-mobility sector, providing electric scooters and bicycles in urban areas. The company makes money through various revenue streams, including:

• Vehicle rentals
• Advertising on vehicles
• Partnerships and collaborations
• Delivery services

Revenue Sources

In 2022, Helbiz reported a total revenue of approximately $8.7 million, representing a significant increase compared to the $3.8 million in 2021. The majority of this revenue is derived from:

• Scooter and bike rentals: Approximately $7.2 million in 2022.
• Advertising revenue: Estimated at $1.0 million in 2022.
• Delivery services: Contributed roughly $500,000 in 2022.

Micro-Mobility Revenue Model

Helbiz charges customers on a per-minute basis for the use of their scooters and bikes. The pricing model is generally as follows:

These pricing strategies allow for variable revenue based on user engagement and market demand.

Advertising Revenue

Helbiz generates additional funds through advertising placed on its vehicles. The company reported advertising revenue growth of 30% year-over-year, reaching $1.0 million in 2022. Advertising opportunities include:

• Wraps on scooters and bikes
• Digital screens on vehicles
• Promotional partnerships with local businesses

Partnerships and Collaborations

Helbiz actively seeks partnerships to expand its service offerings. For instance, in 2022, Helbiz partnered with various cities and local businesses to enhance operational efficiency and increase customer base. Financially, these partnerships have led to increased service area coverage and a projected revenue increase of $1.5 million for 2023.

Delivery Services

Helbiz has ventured into delivery services, which have begun to generate revenue. In 2022, the delivery segment accounted for approximately $500,000 of total revenue. This service is particularly aimed at local restaurants and small businesses.

Market Trends and Future Prospects

As of 2023, Helbiz aims to expand its fleet by 20%, which is projected to increase overall revenue by an estimated $4 million in the next fiscal year. The company is also exploring AI integration for improved fleet management and customer experience.

Financial Overview

As per the latest financial reports, Helbiz's total assets for Q3 2023 were valued at approximately $20 million, with liabilities of around $15 million. This provides a net asset value of $5 million.

Conclusion

Helbiz's multifaceted revenue model positions the company well for growth as urban demand for micro-mobility solutions continues to rise.