Helbiz Expands Micro-Mobility Service in Pescara, Italy with MiMoto Electric Mopeds

100 MiMoto e-mopeds now available for citizens and visitors

Underscores Helbiz’s continued expansion efforts across Italy

Helbiz, a global leader in micro-mobility that is the business combination target of GreenVision Acquisition Corp. (Nasdaq: GRNV), and that recently acquired MiMoto Smart Mobility S.r.l., today announced that it has launched a fleet of 100 MiMoto electric mopeds throughout Pescara, Italy. The region of operation will also include neighboring cities Montesilvano, Francavilla and San Giovanni Teatino.

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Helbiz Expands Micro-Mobility Service in Pescara, Italy with MiMoto Electric Mopeds (Photo: Business Wire)

Following the successful deployment of 500 Helbiz e-scooters in July of 2020, this launch will provide the community with additional micro-mobility offerings to keep up with the increased demand. Helbiz remains the only micro-mobility provider authorized by the Municipality of Pescara and has seen more than 10,000 e-scooter rides with an average traveling distance of approximately 6.5km since the initial launch. This consistent use of Helbiz e-scooters has also eliminated more than 1 million tons of CO2 during the past month alone. This highlights the local community’s significant shift towards sustainable mobility.

Users can download the MiMoto mobile app to instantly geolocate, rent and unlock e-mopeds directly from their smartphones with just a tap. The rate to rent is €0.26 per minute, €4.90 per hour or €19.90 for the whole day. Each MiMoto e-moped is approved for two passengers and comes equipped with two helmets of different sizes, sanitizing perfumers, disposable hygienic caps and a sanitizing foam for self-drying helmets.

“This launch of MiMoto e-mopeds supports our continued commitment to enhance modern mobility and reduce pollution, while benefiting our citizens and the social and economic system of our city,” said Carlo Masci, Mayor of Pescara. “We have been focused on this vision to become an eco-sustainable system since the beginning. The new MiMoto electric scooters are now available throughout the city and we welcome citizens to ride them safely and with their common sense. Just as the shared scooter offerings have changed the face of our city, we are sure that this will be equally successful. I thank Helbiz and the Councilor for Mobility who have been committed to this mutual goal.”

“As a contemporary city, Pescara has enjoyed the implementation of e-scooters and I am convinced that the community will also welcome the zero-emission electric mopeds with great enthusiasm,” declares Luigi Albore Mascia, Councilor for Mobility of Pescara. "Sustainable mobility is the most important tool that our administration is using to improve the quality of life of citizens. Over the course of twenty-four months, we have created a virtuous system that will reward us in the years to come.”

“Our services continue to achieve extraordinary results and prove that implementing micro-mobility offerings is key to advancing sustainable transport,” said Matteo Tanzilli, Head of Institutional Relations at Helbiz in Italy. “Pescara is one of our busiest cities and its sustainability conscious population rents our vehicles daily. We look forward to providing the citizens and tourists of Pescara with an additional zero-impact, micro-mobility sharing service. This launch underscores our commitment to support the city of Pescara in its increasingly green approach. We are thrilled to work hand in hand with the Mayor and the Councilor for Mobility to advance their vision for the city.”

ABOUT HELBIZ

Helbiz is a global leader in micro-mobility services. Launched in 2016 and headquartered in New York City, the company operates e-scooters, e-bicycles and e-mopeds in nearly 30 cities around the world including Washington, D.C., Alexandria, Arlington, Miami, Milan and Rome. Helbiz utilizes a customized, proprietary fleet management platform, artificial intelligence and environmental mapping to optimize operations and business sustainability. In Q1 2021, Helbiz Inc announced a merger with SPAC GreenVision Acquisition Corp. (Nasdaq: GRNV), which will result in it becoming the first micro-mobility company listed on NASDAQ when the business combination is completed, which is expected to occur in August 2021.

Forward-Looking Statements

Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s or GreenVision’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; (ii) the ability of the Company to meet Nasdaq listing standards following the transaction and in connection with the consummation thereof; (iii) the inability to complete the transactions contemplated by the Merger Agreement due to the failure to obtain approval of the stockholders of the Company or the stockholders of GreenVision or other reasons; (iv) the failure to meet the minimum cash requirements of the Merger Agreement due to GreenVision stockholder redemptions and the failure to obtain replacement financing; (v) the failure to meet projected development and production targets; (vi) costs related to the proposed transaction; (vii) changes in applicable laws or regulations; (viii) the ability of the combined company to meet its financial and strategic goals, due to, among other things, competition, the ability of the combined company to pursue a growth strategy and manage growth profitability; (ix) the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors; (x) the effect of the COVID-19 pandemic on the Company and GreenVision and their ability to consummate the transaction; and (xi) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in GreenVision’s periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and amended on May 21, 2021. GreenVision's SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to GreenVision and Helbiz and speaks only as of the date on which it is made. GreenVision and Helbiz undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

Additional Information about the Transaction and Where to Find It

In connection with the proposed business combination, GreenVision has filed a definitive proxy statement with the SEC on July 26, 2021 and has mailed the definitive proxy statements to its stockholders as of the record date established for voting on the business combination. Additionally, GreenVision will file other relevant materials with the SEC in connection with the business combination. Copies of the definitive proxy statement and other materials may be obtained free of charge at the SEC’s web site at www.sec.gov. Security holders of GreenVision are urged to read the definitive proxy statement and other relevant materials filed in connection with the proposed business combination before making any voting decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release. GreenVision’s stockholders may also obtain a copy of the definitive proxy statement as well as other documents filed with the SEC by GreenVision, without charge, at the SEC’s website located at www.sec.gov or by directing a request to: GreenVision Acquisition Corp., 8 The Green, Suite #4966, Dover, DE 19901, Attention: Chief Financial Officer, Tel. (302 289-8280).

Participants in Solicitation

GreenVision and its directors and officers may be deemed participants in the solicitation of proxies of GreenVision’s shareholders in connection with the proposed business combination. A list of the names of those directors and executive officers and a description of their interests in GreenVision is contained in the definitive proxy statement with respect to the proposed business combination filed on July 26, 2021 with the SEC, and in GreenVision’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as subsequently amended, which was filed with the SEC. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of GreenVision’s executive officers and directors in the solicitation by reading GreenVision’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as amended, and the definitive proxy statement and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of GreenVision’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, is set forth in the definitive proxy statement relating to the business combination.

Helbiz and its officers and directors may also be deemed participants in such solicitation. A list of the names of such directors and executive officers and information regarding their interests in the business combination are set forth in the definitive proxy statement for the business combination which was filed with the SEC on July 26, 2021. This document can be obtained free of charge from the sources indicated above.

Non-Solicitation

This press release does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This press release also does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.

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