Helbiz Partners With Mapping Company Fantasmo To Integrate Parking Technology
Benzinga
Oct. 20, 2021, 01:45 PM
- Helbiz Inc (NASDAQ:HLBZ) has partnered with mapping company Fantasmo to integrate hyper-accurate parking technology into its e-scooter app.
- The company expects the integration to roll out across its fleet in Miami, Florida, with plans to expand to other markets.
- Fantasmo's Camera Positioning Standard (CPS) technology can detect the exact location of e-scooters and validate parking within 8 inches or less with a phone camera.
- CPS technology uses data connections and cameras to capture the precise mapping and position of each device and does not require any infrastructure like satellites, beacons, or radios.
- To unlock and park each e-scooter, riders will scan the QR code and surrounding area with their phone camera, which notifies Helbiz of the device's exact location and whether or not it is parked within city-approved areas.
- Price Action: HLBZ shares are trading lower by 0.78% at $11.47 on the last check Wednesday.
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