Underscores Helbiz’s ongoing commitment to
reducing its CO2 emissions
Helbiz, a global leader in micro-mobility that is the
business combination target of GreenVision Acquisition Corp.
(Nasdaq: GRNV), today announced that they are exploring the
electrification of their fleet with Lightning eMotors (NYSE:
ZEV), a leading manufacturer of commercial electric vehicles for
enterprise fleets. Following the completion of the current pilot
program, Helbiz plans to deploy Lightning Electric Ford Transit
350HD vans throughout Miami and Washington D.C. to manage its
intra-urban operations. These zero-emission electric vehicles will
replace the existing gas-powered vehicles that are used to pick up,
transport and drop off Helbiz electric scooters and bikes across
each city.
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Helbiz Partners with Lightning eMotors to
Deploy Electric Vehicles for Fleet Management (Photo: Business
Wire)
“Helbiz’s mission is sustainability, and we need to make sure
that principle is woven through every part of our business - from
the physical scooters to the vehicles that support them,” said
Giulio Profumo, CFO of Helbiz. “We are thrilled to partner with
Lightning eMotors as it marks another milestone in meeting our goal
of reaching net-zero emission target by 2022.”
Helbiz and Lightning eMotors are bound by their shared mission
to create greener cities and their commitment to providing
sustainable offerings to its customers. The new vehicles will run
entirely on electric power and are capable of achieving 61 MPGe,
compared to 13 MPG for gas-powered vans. They also include
Lightning eMotors’ proprietary telematics and analytics software,
which will aid with route optimization and vehicle efficiencies,
providing additional support for the drivers.
“Helbiz provides powerful micro-mobility solutions for urban
areas,” said Kash Sethi, chief revenue officer of Lightning
eMotors. “Their e-bikes and e-scooters are perfect for small trips,
are affordable, accessible and easy to use. Not only is the
electrification of its transport vans a major part of their
sustainability efforts, but these specialty vehicles are quieter,
easier to drive, and less expensive to operate than the previous
gasoline vans they used.”
The vehicles being deployed by Helbiz are Lightning eMotors’
Class 3 cargo vans with 86kWh of battery capacity and a proven
range of 120-plus miles, offering peak power of 160 kW (equivalent
215 horsepower), and a torque rating of 994 Nm (733 lb-ft).
Lightning eMotors cargo vans are available in other specialty
configurations, including passenger vans, cargo vans, ambulances,
school buses and RVs. Assembly of the vehicles is performed at
Lightning eMotors’ Loveland, Colorado facility.
Looking ahead, Helbiz plans to deploy Lightning eMotors’ vans
throughout each city in the United States in which it operates.
About Lightning eMotors
Lightning eMotors has been providing specialized and sustainable
fleet solutions since 2009, deploying complete
zero-emission-vehicle (ZEV) solutions for commercial fleets since
2018 – including Class 3 cargo and passenger vans, Class 4 and 5
cargo vans and shuttle buses, Class 6 work trucks, school buses,
Class 7 city buses, and Class A motor coaches. The Lightning
eMotors’ team designs, engineers, customizes, and manufactures
zero-emission vehicles to support the wide array of fleet customer
needs including school buses and ambulances, with a full suite of
control software, telematics, analytics and charging solutions to
simplify the buying and ownership experience and maximize uptime
and energy efficiency. To learn more, visit
https://lightningemotors.com.
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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Helbiz Contacts For investor and media inquiries,
contact: Global Head of Communications: Davide D’Amico - tel. +39
335 7715011 email: davide.damico@helbiz.com PR and Communication
Manager: Chiara Garbuglia - +39 335 7388163 email:
chiara.garbuglia@helbiz.com Regions USA The Blueshirt Group
Gary Dvorchak, CFA - Phone: +1 (323) 240-5796 - email:
gary@blueshirtgroup.com Agent of Change Marcy Simon - Phone: +1
(917) 833-3392 - Email: marcy@agentofchange.com EUROPE Helbiz
Investor Relations: investor.relations@helbiz.com
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