The Helbiz team had ICO in 2018.
Helbiz coin holders lost their money.
Now Helbiz is going to IPO.
Helbiz coin holders filed a class-action case against Helbiz Inc., Salvatore Palella and others.
Case filed in New York Southern District Court on June 19, 2020
17.03.19

Helbiz Pay and HBZ coin

So, in the previous part, I told you about the real-life product of the Helbiz team.

Now, I'm going to tell you about crypto-part of Helbiz — Helbiz Pay — it is a cryptocurrency payment system, that allows users create, store, transmit currency between individuals and locations, buy and sell currency.
HBZ coin — is the main token of Helbiz Pay, which now is realized at ERC-20 format. A little later I will tell about private Helbiz blockchain is developing now.

Helbiz Pay is operated by other company that Helbiz Inc..

I know what you want to say: why there are two companies?

We back to Statement Regarding HBZ, Helbiz & Babylonia
HBZ & Helbiz, Inc & Strategy
again, where are explained this, it refers to the legal area and government regulations:
Helbiz Pay, HBZ coin wallet, send and receive
It should be clear to everyone that Helbiz & HBZ are deeply connected, and any growth to either highly benefits both. Questioning the relationship is ignorant, but a clear separations of the legal entities and actions of each is essential in order to build and scale a real business operating in the public directly in 2019 while dealing with insurance, governments, licenses, banks and personal liability.
Helbiz Official
Here's video from Helbiz strategic session about Helbiz Pay from 5:42 minute
.