TSL Express Daily News

Loan provided by institutional lender will accelerate growth in anticipation of NASDAQ listing

Helbiz Inc., a micro-mobility leader, which has entered into an agreement to merge with GreenVision Acquisition Corp. (Nasdaq: GRNV), today announced it has entered into a $15.0 million secured term loan facility with an institutional lender. The loan was funded in full on March 23, 2021.

“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. The proceeds from the secured loan will be used to fund the expansion of operations and other strategic growth initiatives.”

About GreenVision Acquisition Corp.

GreenVision Acquisition Corp. is a newly organized special purpose acquisition company formed under the laws of the State of Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

About Helbiz Inc.

Helbiz is a global leader in micro-mobility services. Launched in 2016 and headquartered in New York City, the company operates e-scooters, e-bicycles and e-mopeds in over 30 cities around the world including Washington, D.C., Alexandria, Arlington, Atlanta, Miami, Milan and Rome. Helbiz utilizes a customized, proprietary fleet management platform, artificial intelligence and environmental mapping to optimize operations and business sustainability. Helbiz announced on February 8, 2021 it has entered into a merger agreement with GreenVision Acquisition Corp. (Nasdaq: GRNV) ("GreenVision") a SPAC, which, upon closing, will result in Helbiz becoming the first micro-mobility company listed on Nasdaq.

Additional Information about the Transaction and Where to Find It

In connection with the proposed business combination, GreenVision will file a proxy statement with the SEC. Additionally, GreenVision will file other relevant materials with the SEC in connection with the business combination. Copies may be obtained free of charge at the SEC’s web site at www.sec.gov. Security holders of GreenVision are urged to read the proxy statement/prospectus and the other relevant materials when they become available before making any voting decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release. GreenVision’s stockholders may also obtain a copy of the preliminary or definitive proxy statement, once available as well as other documents filed with the SEC by GreenVision, without charge, at the SEC’s website located at www.sec.gov or by directing a request to: GreenVision Acquisition Corp., One Penn Plaza, 36th Floor, New York, New York 10019.

Participants in Solicitation

GreenVision and its directors and officers may be deemed participants in the solicitation of proxies of GreenVision’s shareholders in connection with the proposed business combination. Helbiz and its officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of GreenVision’s executive officers and directors in the solicitation by reading GreenVision’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and the proxy statement/prospectus and other relevant materials filed with the SEC in connection with the business combination when they become available. 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.

Contacts

For investor and media inquiries, contact:

USA

The Blueshirt Group
Gary Dvorchak, CFA
Phone: +1 (323) 240-5796
Email: gary@blueshirtgroup.com

Agent of Change

Marcy Simon
Phone: +1 (917) 833-3392
Email: marcy@agentofchange.com

ITALY

Helbiz Investor Relations
investor.relations@helbiz.com

MY PR
Phone. +39 02 54123452

Giorgio Cattaneo
Phone.+39 335 7053742
Email: giorgio.cattaneo@mypr.it

Marcella Vezzoli
Phone +39 337 1313471
Email: marcella.vezzoli@mypr.it

Fabio Micali
Phone +39 340 8758736
Email: fabio.micali@mypr.it