Zego, the London-based insurtech startup, recently announced its partnership with European micro-mobility company Dott. Zego will provide insurance for Dott’s fleet of shared e-scooters throughout France and Belgium.
After Zego raised $42million in a Series B investment last month, the partnership represents a big milestone for the company, who used the recent funding to fuel expansion across Europe and to double its workforce.
Now that the two companies are partnered, Zego’s policy will be integrated into Dott’s sign-up process, ensuring all Dott users have comprehensive cover. Dott has also said that it will absorb the price of the insurance, meaning no extra cost is passed onto its riders.
Zego was founded in 2016 and provides flexible insurance for gig economy workers. Since then, the insurtech has expanded its B2B offering by catering to the emerging mobility market, creating bespoke policies for fleets of vehicles.
Over the last 12 months Zego has grown 900%. This partnership with Dott marks the company’s arrival in France and Belgium, where it is look to capitalise on the popularity of new shared mobility services, like as e-scooters.
Sten Saar, CEO and co-founder of Zego, said: “We believe that companies such as Dott represent the future of mobility and we want to enable the growth of this exciting new industry by creating insurance models which suit its needs and can unlock its potential.
“For this form of transport to be widely adopted and welcomed by all, it’s essential that e-scooters come with the right insurance without causing inconvenience for riders.”
Maxim Romain, CEO and co-founder of Dott, added: “Zego’s offer is exactly what we were looking for and we are particularly proud to be the first scooter-sharing company to integrate this type of insurance coverage, without increasing costs for our customers.
“Our goal is to make this sector more professional, more responsible and therefore more sustainable.”