Irish mobility startup Brite has partnered with London-based mobility insurer Zego to expand its fleet offering of e-mopeds, e-scooters and e-bikes across Ireland.
The partnership between Brite and Zego means that businesses, college campuses and delivery services using their fleet of electric vehicles are automatically insured as Brite becomes the first micro-mobility company in Ireland to offer full coverage to its drivers.
Through the partnership with Zego, Brite will share travel data, allowing the insurtech to price its insurance based on usage. Flexibility in Zego's product will also positively impact Brite's cash flow, reducing high initial costs and freeing up funds that can then be used for growth, expansion and further product development.
Launched in 2019, Brite provides carbon-free shared vehicles to businesses, delivery services and college campuses in selected cities in the Republic of Ireland and Northern Ireland. The company plans to expand its multimodal fleet this year following the Irish government's announcement to legislate on e-scooters and e-bikes. Brite has been in contact with the Irish local and national government that has supported this legislation, calling for minimum safety standards, such as comprehensive motorcycle insurance, which Brite is now offering with its B2B offering.
Founded in 2016, Zego specializes in usage-based fleet insurance, tailor-made for businesses, priced based on how the fleet is actually used, not guesswork. This includes courier fleets, private rental companies and new mobility operators. The company currently dominates the UK kick scooter insurance market and has a strong presence in the Irish market through partnerships with its taxi companies. The company recently became the first UK insurtech to receive a European brokerage license, allowing it to grow in EU areas.
"The Zego team has helped us address the key safety issues surrounding our networked e-scooters, e-bikes and e-mopeds, allowing us to focus on running our business and achieving our goals" , said Colin Barry, CEO and founder of Brite Mobility.
“We strongly believe that the use of micro-mobility services will help companies, governments and others not only achieve their CO2 emissions targets, but also move their people safely and efficiently, without having to deal with traffic and the costs associated with it.Parking cars and vans in our cities, ”he added.
“Micromobility has become a hot topic as companies and consumers around the world are shifting their focus to reducing carbon emissions and making more sustainable choices.
“It's companies like Brite that are going to help our cities become much more sustainable over time, especially in Ireland. At Zego, we are delighted to be on par with these types of companies and look forward to a long-term relationship with Brite, ”said Ines Feracci, B2B Director at Zego.
Source: Zego and Brite
Interested in Insurtech?
Receive automatic alerts on this topic.