Helbiz, a global leader in micro-mobility that is the business combination target of GreenVision Acquisition Corp. (Nasdaq: GRNV), has signed a Memorandum of Understanding with Italy’s first digital insurance brokerage group, YOLO Group. If completed, the partnership would enable Helbiz users to purchase accident insurance for shared vehicles for the duration of the rental on the Helbiz mobile app.
“We are witnessing a gradual transition towards alternative and sustainable forms of transport”Tweet this
YOLO Group is a digital insurance broker that enables on-demand and pay-per-use underwriting of products from leading national and international insurance groups. Initially, YOLO intends to work with Helbiz to integrate protection solutions within Helbiz’s mobile sharing platform. Ultimately, the two companies will work together to distribute insurance solutionsbeyond the rental of individual rides through Helbiz’s digital properties. Offerings are expected to include on-demand insurance solutions dedicated to a variety of non-Helbiz related businesses, which will be part of a larger annual accident policy with liability and personal assistance coverage.
“Our innovative collaboration with YOLO Group, when completed, will allow us to be the first operator in the world to offer in-app insurance coverage for micro-mobility services and beyond,” said Ruggero Cipriani Foresio, Chief Marketing Officer of Helbiz.“YOLO Group shares our mission to enable innovative solutions that improve the quality of people’s lives worldwide. This service has the potential to support consumers using our products and those outside of the Helbiz spectrum. This partnership is part of Helbiz’s long-term vision to continue building customer-friendly services that aim to increase the level of rider trust and safety.”
“We are witnessing a gradual transition towards alternative and sustainable forms of transport,” said Roberta Pazzini, Head of Marketing & Communication of YOLO Group. “The ecosystem of mobility that is emerging is also creating interesting opportunities for the insurance sector, and this future partnership will enable new digital customers to take advantage of YOLO’s innovative services.”
