NEW YORK–(BUSINESS WIRE) – Helbiz Inc. (NASDAQ: HLBZ), a global leader in micromobility and the first in its industry to be listed on the Nasdaq, today announced a partnership with Drover AI to bring its PathPilot security technology to Helbiz Integrate e-scooters. Helbiz will be the exclusive operator of PathPilot in Italy, with an initial deployment in Milan by the end of the year. The company plans to expand the integration to other markets as the partnership grows.
The PathPilot technology is powered by artificial intelligence and computer vision and uses onboard cameras to locate the surroundings of e-scooters. The precise location service detects driving on sidewalks, streets or bike paths and checks the correct parking spaces in real time, reducing the clutter of scooters and the potential blockage of ADA ramps. PathPilot can also automatically reduce the speed of an e-scooter and warn nearby people as soon as it enters a sidewalk or other geofencing area to ensure the safety of drivers and pedestrians. This granular computing power improves geofencing capabilities that previous GPS-based solutions could not offer, especially when positioning in densely populated cities.
“At Helbiz, we are committed to delivering safe and efficient micro-mobility services to the cities in which we operate,” said Vivian Myrtetus, Head of Partnerships & Policy at Helbiz. “The integration of Drover’s PathPilot technology will help us better enforce local regulations and create a safer experience for drivers and pedestrians alike. We are very excited to be working with Drover as we continue our expansion efforts. ”
By integrating onboard cameras, precise, advanced mapping, and artificial intelligence, PathPilot collects data from every trip to increase operational efficiency. It also has the benefit of generating much more detailed telemetry related to the movement of fleet vehicles and providing actionable insights into fleet usage and driver behavior. Helbiz can then share the findings with the city to help them identify areas that could benefit from infrastructure improvements.
“Drover is excited to partner with Helbiz to bring PathPilot to new markets to support their efforts to ensure safe and responsible shared micromobility,” said Alex Nesic, Co-Founder and Chief Business Officer of Drover AI. “Micromobility has as great potential as urban transport in Europe, as recent announcements show, and Drover is proud to use our technology to address the biggest problems currently limiting the wider adoption and growth of the sector. ”
About Drover AI
Drover specializes in advanced AI-based IoT solutions for last mile transportation, designed to improve the performance of fleets while exceeding the regulatory requirements of the cities they host. Drover’s product, PathPilot, provides cost-effective granular infrastructure differentiation even in the absence of often unreliable GPS data, enabling unprecedented location awareness and the ability to take action. Through technology, Drover enables a safe and intelligent experience to ensure the long-term success of micromobility as a sustainable and integral part of urban transport. For more information, please visit www.drover.ai or email email@example.com.
Helbiz is a leading global provider of micromobility services. Founded in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles, including e-scooters, e-bikes and e-mopeds, on one convenient, user-friendly platform in 35 cities around the world. Helbiz uses bespoke, proprietary fleet management technology, artificial intelligence and environment mapping to optimize the company’s operations and sustainability. Helbiz is expanding its urban lifestyle products and services to include live streaming services, food delivery, financial services and more, all accessible through its mobile app.
Certain statements in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, “” believe, “expect,” “estimate,” “plan,” “look,” and ” project ”and other similar expressions that predict or indicate future events or trends, or that are not statements of historical fact. These forward-looking statements reflect the current analysis of available information and are subject to various risks and uncertainties. Therefore, caution should be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results could differ materially from the company’s expectations or forecasts. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) failure to meet planned development and production targets; (ii) changes in any applicable law or regulation; (iii) the impact of the COVID-19 pandemic on the Company and its current or proposed markets; and (iv) other risks and uncertainties described herein and those risks and uncertainties discussed from time to time in other reports and other public filings with the Company’s Securities and Exchange Commission (the “SEC”). For more information about these and other factors that may affect the company’s expectations and forecasts, please see its regular filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and as amended on December 21, 2020 May. 2021. The company’s filings with the SEC are publicly available on the SEC’s website at www.sec.gov. All forward-looking statements made by us in this press release are based solely on information currently available to Helbiz and speak only as of the date of its publication. Helbiz assumes no obligation to publicly update forward-looking statements, whether written or oral, from time to time as a result of new information, future developments or for other reasons, unless this is required by law.