Insurtech Trov has partnered with e-mobility brand Zoom EV, a car share service that allows auto-dealer networks across the UK to show the benefits of EV ownership.
In addition, it facilitates the monetisation of idle vehicles. The technology allows dealerships to offer inventory to interested, vetted people on a variable-term basis.
With the Trov Mobility Insurance Platform, vehicles under Zoom EV will be fully covered while in use.
“The team at Zoom EV are experienced, innovative and truly inspiring and we’re delighted to match those qualities by developing a unique insurance programme that links the Trov technology with the ZoomEV operational platform. At the same time, it has been a pleasure to support them as they do their part to fight climate change by encouraging EV use and adoption across the nation,” said Ed Axon, global head of BD at Trov.
“We’re excited to work with Trov to offer insurance to our EV sharing community. By reducing the risk for our users, we’re eliminating yet another barrier to entry for EV adoption and taking a step towards a more sustainable future for travel in the UK,” added Greg Fairbotham, CEO & founder of Zoom EV.
Trov’s Mobility Platform will aid the UFODRIVE team to monitor, manage, and mitigate their insured and uninsured risks. This is also combined with context-based commercial insurance, managed by UK Insurance Business Solutions under NIG, both part of the Direct Line Group.
UFODRIVE is an all-electric, user-friendly, digital, sustainable car rental platform headquartered in Luxembourg. Furthermore, it operates in the UK, Germany, Belgium, Ireland, Netherlands, France, and Austria. A move into the US is also planned.