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New Deal


Announced

Completed

Helbiz completed the acquisition of Wheels.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Private

Friendly

mobility platform

Acquisition

United States

Domestic

Online and Social Platforms

Single Bidder

Completed

Synopsis

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Helbiz, a micro-mobility services provider, completed the acquisition of Wheels, an electric mobility platform. Financial terms are not disclosed. “I appreciate everyone’s dedication to the deal. Wheels’ assets and industry expertise are invaluable to us. We believe that the acquisition can accelerate our efforts to advance our product development, enhance customer experience, and push our top line and operating efficiency to the next level. This will further solidify our near-term goal of achieving profitability and our long-term goal of disrupting the micro-mobility industry and bringing a sustainable, modern transportation alternative for everyone.” Salvatore Palella, Helbiz Founder and CEO.

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