Skip to content

Helbiz Stock Price Edges Higher in Landmark Agreement with ITA Airways

Nigel Firth
Nigel Frith trader
Updated 4 Nov 2021

A key player in micro-mobility; Helbiz (NASDAQ: HLBZ) has announced a first-of-its-kind multi-business agreement with the new Italian airline ITA Airways. In response to the new partnership, investors turned towards Helbiz stock which is still gaining, currently showing an 8% increase. 

The partnership hasn’t attracted the degree of attention that you might assume, with bulls still slowly taking notice. The deal is the first partnership between an airline and a micro-mobility company; signifying a promising convergence in the industry landscape. Logistical and practical partnerships like these demonstrate a means of improving customer benefits while increasing market exposure for both companies.

ITA Airlines plans to serve a total of 45 destinations, hoping to expand to 74 destinations in the coming years. The partnership will grant ITA customers unrivalled access to Helbiz’ wide range of e-scooters, e-bicycles and e-mopeds throughout the cities in which they are active. The deal marks another move forward in the interconnected web of global mobility, leading the way in practical transport innovation.

Salvatore Palella, CEO of Helbiz expresses his gratitude:

“We are honoured to welcome the first ITA Airways flight to the U.S., and be a part of this historic crossing…This partnership with ITA Airways will be the first to offer customers a seamless air to ground mobility experience and emphasizes our commitment to leading the mobility revolution. We look forward to the milestones this collaboration will bring and know it will only continue to advance our multi-business model.”

HLBZ stock is currently trading at $10.60 with a daily gain of 5.5%. This could mark the beginning of a very investable journey for the micro-mobility speciality – keep an eye open for announcements on further expansion plans, especially bearing in mind the intermittent success of Helbiz Media, which has entered recent partnerships with the NFL and FOX Network.

Should You Invest in Helbiz Shares?

One of the most frequently asked questions we receive is, “what stocks are best to buy right now?” It's a wide-ranging question, but one that we have answered… Our AskTraders stock analysts regularly review the market and compile a list of which companies you should be adding to your portfolio, including short and longer-term positions. Here are the best stocks to buy right now

[optin-monster slug=”p0ejbloqlwcce16kx3do”]

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.