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Helbiz Italia Secures €3.5 million Loan from Banca Progetto to Renew and Strengthen its Fleet of Vehicles Across Italy

MILAN--(BUSINESS WIRE)--Helbiz, the market leader of urban micro-mobility with 29 licenses around the world, announced today that it secured a €3.5 million loan from Banca Progetto to help support the company’s continued expansion efforts and development projects across Italy. The latest round of financing will allow Helbiz to further strengthen its financial structure to drive the execution of its 2020-2022 expansion plan in Italy.