Alipay and Helbiz Renew Their Dedication to Restart Tourism forward of the European Soccer Championship

MILAN–(BUSINESS WIRE) – Helbiz, a global leader in micromobility, the goal of the business combination of GreenVision Acquisition Corp. (Nasdaq: GRNV) announced a renewal of its partnership with Alipay, Ant Financial Services Group’s leading international digital payments platform. Together with Alipay, Helbiz will offer a safe and convenient mobility service for tourism, safe and in connection with the start of the European Championship.

Following the recent launch of a dedicated audio guide in Rome to signal the resumption of tourist activities, both Helbiz and Alipay have committed to stepping up tourism efforts across Italy. The two companies have therefore launched a new co-branding strategy, united by a highly innovative and sustainable vision that drives them to overcome structural and cultural barriers in their respective sectors and to revolutionize the way of life online and offline. As part of the partnership, 1,500 electric scooters in Rome will now bear the Alipay logo and visually signal this important partnership.

In addition, the partnership includes the development of a virtual Helbiz storefront on the Alipay app (for Chinese and Asian users) that will allow users to easily find and rent available Helbiz vehicles. This makes the experience completely effortless and brings the vision of both companies together. The Alipay app is not only the most convenient and secure payment method, it also provides a real meeting point for Chinese tourists and provides all the tools to support the potential tourist experience with information, discounts and services.

Alipay pays special attention to the environment and has had a program called Ant Forest for years, which allows its users to earn points and plant virtual trees for every sustainable action they take. Some measures include using public or low-impact transport, buying or reselling used cars, etc., then reforesting arid areas in China. The company has also embarked on an important path to be completely carbon free by 2030.

Additionally, Helbiz will be introduced to future Chinese visitors in a short video by Alipay with Chinese influencer and journalist @ciaoamelie, who has a large following on Chinese social media sites like Weibo.

Helbiz is a leading global provider of micro-mobility services and will be the first micro-mobility company to be listed on the Nasdaq in the next few weeks. It operates with its own vehicles in over 30 cities around the world, including Washington, DC, Alexandria, Arlington, Miami, Milan and Rome. Helbiz uses a bespoke, proprietary fleet management platform, artificial intelligence and environment mapping to optimize the company’s operations and sustainability, a cornerstone of its vision.

Information on ALIPAY

Ant Group is the operator of Alipay, the leading digital payment platform in China, which serves over a billion users, 80 million merchants and 2,000 partner financial institutions. The Alipay app offers mobile payments and digital services for everyday needs such as food delivery, transportation, entertainment and health. Alipay enables consumers to purchase goods and services online from over 200 countries and regions, and provides convenient cross-border services that enable users to make offline payments through the Alipay app. The Alipay platform supports transactions in more than 40 currencies.

ABOUT HELBIZ

Helbiz is a leading global provider of micromobility services. Founded in 2016 and headquartered in New York City, the company operates e-scooters, e-bikes and e-mopeds in over 30 cities around the world, including Washington, DC, Alexandria, Arlington, Atlanta, Jacksonville, Miami, Milan, Richmond and Rome. Helbiz uses a bespoke, proprietary fleet management platform, artificial intelligence and environment mapping to optimize the company’s operations and sustainability. Helbiz announced on February 8, 2021 that it had entered into a merger agreement with GreenVision Acquisition Corp. (Nasdaq: GRNV) (“GreenVision”), a SPAC that, upon closing, will result in Helbiz becoming the first publicly traded micromobility company on Nasdaq.

http://www.helbiz.com

ABOUT GREENVISION

GreenVision Acquisition Corp. is a company incorporated under the laws of the US state of Delaware with a special purpose to conduct a merger, stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more companies.

Forward-Looking Statements

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, the actual results may differ materially from the expectations or forecasts of the company or GreenVision. Factors such as the following could cause actual results to differ materially from those described in these forward-looking statements: (i) the occurrence of events, changes or other circumstances that could result in the termination of the Merger Agreement; (ii) the Company’s ability to meet the Nasdaq listing standards after the Transaction and in connection with the Completion thereof; (iii) the inability to complete the transactions provided for in the Merger Agreement because of failure to obtain consent from the Company’s shareholders or the shareholders of GreenVision or for any other reason; (iv) the failure to meet the minimum cash requirements of the Merger Agreement due to the redemptions of GreenVision Shareholders and failure to obtain replacement funding; (v) failure to meet the planned development and production goals; (vi) costs related to the proposed transaction; (vii) changes in any applicable law or regulation; (viii) the combined company’s ability to achieve its financial and strategic goals, including due to competition, the combined company’s ability to pursue a growth strategy and manage the profitability of growth; (ix) the possibility that the combined entity will be adversely affected by other economic, business and / or competitive factors; (x) the impact of the COVID-19 pandemic on the Company and GreenVision and their ability to complete the Transaction; and (xi) the other risks and uncertainties described herein, as well as the 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 projections, please see GreenVision’s regular filings with the SEC, including its Annual Report on Form 10-K for the year ended December 31, 2019. GreenVision’s SEC filings are available publicly on the SEC’s website at www.sec.gov. All forward-looking statements made by us in this press release are based only on information currently available to GreenVision and Helbiz and speak only as of the date of its publication. GreenVision and Helbiz assume no obligation to publicly update any forward-looking statements, whether in writing or orally, that may be made from time to time as a result of new information, future developments or otherwise, unless this is required by law.

Additional information about the transaction and where to find it

GreenVision has filed a preliminary proxy statement with the SEC in connection with the proposed business combination. In addition, GreenVision will file other relevant documents with the SEC in connection with the business combination. Copies are available free of charge from the SEC’s website at www.sec.gov. GreenVision security holders are urged to read the final proxy and other relevant materials as they become available prior to making any voting decision regarding the proposed business combination as it contains important information about the business combination and the parties to the business combination. The information contained in or accessed through the websites referred to in this press release is not incorporated by reference in this press release and is not part of this press release. GreenVision shareholders can also obtain a copy of the preliminary or definitive proxy statement, when it becomes available, and other documents that GreenVision has filed with the SEC free of charge on the SEC’s website at www.sec.gov or by sending an inquiry to: GreenVision Acquisition Corp., One Penn Plaza, 36th Floor, New York, New York 10019.

Participant in tender

GreenVision and its directors and officers may be regarded as parties to the solicitation of proxies from GreenVision shareholders in connection with the proposed business combination. Helbiz and its officers and directors may also be considered participants in such a solicitation. Securityholders can obtain more detailed information on the names, affiliations and interests of certain officers and directors of GreenVision in the tender by reading GreenVision’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and the final proxy statement and other relevant filings with the SEC in connection with the business combination as they become available. Information on the interests of GreenVision’s participants in the tender, which in some cases may differ from those of its shareholders in general, will be set out in the final letter of attorney for the business combination as it becomes available.

Non-solicitation

This press release does not constitute a solicitation, approval or authorization in relation to any securities or in relation to the proposed transaction. Neither does this press release constitute an offer to sell or a solicitation of an offer to buy any securities, nor will it be a sale of securities in any state or jurisdiction where such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No securities will be offered unless it is a prospectus that meets the requirements of Section 10 of the Securities Act of 1933, as amended, or contains an exception to it.