13. Related Party Transactions   

2024 Stock Purchase Agreement - Palella Holdings LLC

On December 31, 2024, following the decision to exit the mobility and media operations in Europe, the Company entered into a Stock Purchase Agreement with a related-party, Palella Holdings LLC, (qualified as related party because it is the Company’s major shareholder, and it is fully owned by the former Company’s President and Chief Executive Officer) for selling 100% of the equity interest of the European entities, excluding Helbiz Doo (the Serbian entity generating the IT revenues), and the rights, title and interests in all Helbiz brands and platforms owned by the Company. The Stock Purchase Agreement is conditioned on: a) the approval of the Supreme Court of the State of New York, involved in the action taken by a Note Holder for an unsecured note in default, or b) receiving a waiver from such Note Holder.

The Closing conditions had not been satisfied as of June 30, 2025.

Agreements between Helbiz Media and Everli S.p.A.

During the year ended December 31, 2024, Helbiz Media, (an Italian subsidiary of micromobility.com involved in the Stock Purchase agreement described above), entered into a Service Supply Agreement with Everli S.p.A. (which is a related party as the Company’s major shareholder and former Chief Executive Officer has a majority equity interest in Everli S.p.A.)  requiring Helbiz Media to provide design, development, and communication ideas and activities to Everli for one year. Under the terms of the agreement, Everli is to pay the Company $8,584 (including VAT, using June 30, 2025, EURO/USD exchange rate). During the six months ended June 30, 2025, Everli paid 1,515 Euro (approximately $1,786 using June 30, 2025, exchange rate) to Helbiz Media, the amount received, net of VAT, has been recorded as Deferred Revenues – related party from discontinued operations.

On November 11, 2024, the Company entered into a service agreement with Everli. In detail, Helbiz Media, entered into a Service Agreement for the use of Helbiz Media platform, based on which Helbiz Media grants Everli the exclusive rights to use the platform from December 1, 2024, to November 30, 2029. Under the terms of the service agreement, Everli is to pay the Company $16,418 (including VAT, using June 30, 2025 exchange rate) in two years from the signing date. As of June 30, 2025, the Company does not grant access to the platform to Everli and does not issue any invoice to Everli.

No Revenues have been recorded in the discontinued operations for these two agreements during the six months ended June 30, 2025.

Agreement between Helbiz Doo and Everli S.p.A. 

During the year ended 2024, Helbiz Doo, the Serbian subsidiary of micromobility.com, entered into a Business Cooperation Agreement with Everli S.p.A. (which is a related party as the Company’s major shareholder and former Chief Executive Officer has a majority equity interest in Everli S.p.A.)  requiring Helbiz Doo to provide software development services. During the three and six months ended June 30, 2025, pursuant to the Agreement and related amendment, the Company issued invoices amounting to $911, of which $700 have been paid during the six months ended June 30, 2025. The Company recorded $476 and $953 as IT Services Revenues - Related Party for the three and six months ended June 30, 2025, respectively, during the same periods of 2024, the Company recorded $398 and $525, respectively.

Related-Party Promissory Notes

During the six months ended June 30, 2025, Palella Holdings LLC, which is qualified as a related party because it is the Company’s major shareholder, and it is fully owned by the former Company’s Chief Executive Officer, provided to the Company $407, under the original Promissory Note with maturity date January 31, 2025, and on an interest free basis. Additionally, during the six months ended June 30, 2025, the Company repaid $317.

 As a result of the above transactions, on June 30, 2025, the Company has $318 as outstanding principal. Considering the maturity date, January 31, 2025, the Company was in default for non-payment the principal under the terms of the Promissory Note.