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Helbiz says that they are the micromobility of tomorrow.
Somebody agrees because Helbiz will be making their stock market debut soon and they’ve been valued at $408 million!
Well, technically that’s Helbiz (an e-bike and electric scooter company) and SPAC (an acquisitions company in the green space) together that will merge to receive that valuation.
An Incredible Risk?
The funny thing is that Helbiz is a company that flies under the radar. Their products are only available in 13 European and 6 American cities and it appears to be lagging its major competitors.
The question is whether they can differentiate themselves enough to thrive?
The company seems to be *ahem* hellbent on doing this by opening up a “ghost kitchens” service from which their products will offer guaranteed 5 minute deliveries.
We’re not entirely sure how that’s going to turn out, but it’s certainly different, right?
Oh well, if things don’t work out, maybe they can head into electric skateboards, instead?