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Helbiz Stock Gains on ITA Airways Deal -Breaking

by Mike Robinson

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© Reuters.

Sam Boughedda

Investing.com — Helbiz Inc (NASDAQ:) stock jumped 6% on Thursday after it announced a multi-business agreement with Italian airline ITA Airways.

Helbiz is a manufacturer of mobility products, especially in traffic-congested areas. Each ITA Airways ticket gives passengers access to Helbiz escooters and ebikes and emopeds.

It currently trades at $10.68

ITA Airways (formerly Alitalia) plans to fly 45 destinations including 21 within Italy. This is the first ever deal between an airline company and a micromobility firm, but it does create an interesting alliance between these two sectors. 

Salvatore Palella CEO of Helbiz, stated that “this partnership with ITA Airways is the first to provide customers seamless air-to-ground mobility experiences and underscores our commitment towards leading the mobility revolution.”

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