Helbiz x Forever Sharing: $ 8 million investment round and China influence

Last week Helbiz announced the partnership with Forever Sharing, a subsidiary of the Zhonglu Group created in Shanghai.

Today we get details of this deal:

1. The Chinese giant of intelligent mobility (smart mobility) Forever Sharing, a subsidiary of the Shanghai-based Zhonglu Group, acquires 5% of the share capital

2. Forever Sharing will supply Helbiz with the new generation of electric scooters (e-scooters) and electric bicycles (e-bikes)

3. Future cooperation may include entry into the Chinese market

4. Salvatore Palella CEO Helbiz, Inc. and Stanley Wong COO Forever Mobility signed the agreement

Forever Sharing, the first Chinese manufacturer of intelligent electric vehicles for mobility sharing, with the Forever Sharing agreement will acquire a 5% stake in the share capital of Helbiz; will supply Helbiz with 20,000 scooters and electric bicycles by the end of 2019; and will provide additional vehicles for the beginning of 2020.

All vehicles will comply with European and American regulations. And different models will be designed exclusively for Helbiz.

The initial result of this agreement will be the launch of a new shared "electric bicycle" service based on Helbiz established model of "electric scooters".

The service, which will be accessible to all users within the next few weeks, is based on our innovative electric bike called "Greta".

Equipped with a 250 W motor and a 14 AH battery, Greta will guarantee a range of up to 80 km on a single charge and can reach a maximum speed of 25 km / hour.

So, we see a great opportunity for HBZ coin. I remind you that HBZ coin is live in Helbiz app, and we are waiting how it will be used for a lot of users for 20 000 scooters in Europe and USA, and we can except that HBZ coin will be use for Chines market. Great opportunity!