Helbiz Signed MoU with YOLO

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  • A micro-mobility solutions leader, Helbiz has signed a Memorandum of Understanding (MoU) with YOLO Group to boost the digital transformation for the insurance segment.

Helbiz signed MoU

A micro-mobility solutions leader, Helbiz, has signed a Memorandum of Understanding (MoU) with YOLO Group. Helbiz is a business combination target of GreenVision Acquisition Corp. (Nasdaq: GRNV), and YOLO Group is Italy’s first digital insurance brokerage group. Helbiz signed an agreement to develop the integrated mobility and insurance service.

If finalized, the partnership would allow Helbiz to buy accident insurance for shared vehicles for the leasing period on the Helbiz mobile app.

The primary intention for YOLO to work with Helbiz is to incorporate protection solutions within Helbiz’s mobile sharing platform. Eventually, two companies will collaborate to offer insurance solutions beyond the rental of individual rides via Helbiz’s digital properties. The collaboration intends to boost the digital transformation for the insurance sector.

Offerings are anticipated to comprise on-demand insurance solutions dedicated to various non-Helbiz related businesses that will be part of a more significant annual accident policy with liability and personal assistance coverage.

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