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Micromobility.com - Elevating Urban Transport With Online Retail and Community Features

Micromobility.com ·  12/05/2023 13:00

NEW YORK--(BUSINESS WIRE)--Dec. 5, 2023-- Building on the success of the Helbiz and Wheels apps, micromobility.com Inc. (NASDAQ: MCOM) proudly unveils its newest innovation – the micromobility.com App - The Micromobility Hub. This platform is a groundbreaking step towards sustainable urban living, combining vehicle purchases, retail interaction, and community engagement.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231205136983/en/

Visit www.micromobility.com (Photo: Business Wire)

Visit www.micromobility.com (Photo: Business Wire)

We are excited to announce that the app is available for immediate download globally on the App Store and Google Play, with shipping options currently available in the US download at micromobility.com/download

App Highlights:

- Purchase and Retail Interaction: Directly buy vehicles within the app and interact with our retail locations across the US.

- Immediate Delivery & In-Store Pickup: Enjoy same-day delivery and convenient in-store pickup.

- Rewards Program: Introducing a rewards plan on the app and website to foster a loyal customer base and increase user engagement.

- Future LTR Updates: Updates for direct long-term rental of Wheels bikes, currently available only at wheels.co, coming soon.

Salvatore Palella, CEO, comments, "The launch of the micromobility.com App is much more than a technological advancement; it marks a pivotal shift in our business strategy. This app is set to open new revenue streams, significantly reducing our reliance on the sharing business model. Our vision is to become a leader in the micromobility sector, not just in sharing but in every aspect of urban mobility. By integrating retail, community, and technology, we're paving the way for a more sustainable and profitable future, redefining what it means to be a leader in this dynamic industry."

The micromobility.com App is more than just a shift to online retail; it's a strategic move to redefine our business model. We are transitioning from a sharing-focused company to a comprehensive leader in the micromobility space. Exciting cross-marketing initiatives are on the horizon, including special discounts for Helbiz and Wheels users on the Micromobility.com App. These efforts are aimed at enhancing user experience and loyalty, setting a new standard in urban transportation solutions.

For more information visit www.micromobility.com.

Forward-Looking Statements

Certain statements made 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. Forward-looking statements may be identified by the use of words such as "anticipate," "believe," "expect," "estimate," "plan," "outlook," and "project" and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward looking statements. Due to known and unknown risks, actual results may differ materially from the Company's expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the failure to meet projected development and production targets; (ii) changes in applicable laws or regulations; and (iii) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the "SEC") by the Company including its Annual Report on Form 10-K for the fiscal year ended December 31, 2022. The Company's SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to the Company and speaks only as of the date on which it is made. The Company undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231205136983/en/

For media inquiries:
press@micromobility.com

Source: micromobility.com Inc.

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