Helbiz Announces $15 Million Secured Term Loan Facility
Summary
"With this additional capital, we have strengthened our position to execute our business strategy of expanding across key markets," said Giulio Profumo, Chief Financial Officer of Helbiz. "By using this debt instrument, we have diversified the Company’s funding sources, improving our cost of capital in a non-dilutive manner for our shareholders, while positioning us well to continue growing our footprint across the US and European market. Helbiz utilizes a customized, proprietary fleet management platform, artificial intelligence and environmental mapping to optimize operations and business sustainability. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in GreenVision’s periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2020. Information concerning the interests of GreenVision’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement/prospectus relating to the business combination when it becomes available.