UFODrive Selects Trove's Mobility Insurance

Car rental agency UFODrive has chosen Trov's Mobility Insurance Platform for its fleet of fully electric vehicles. The company will benefit from both of Trov’s platform components; risk operations technology will address UFODrive’s unique risk requirements and, combine with context-based commercial insurance, will be managed by U.K. Insurance Business Solutions under the NIG brand.

UFODrive is an all-electric, digital car rental platform headquartered in Luxembourg with operations in seven other countries including the U.K., Germany, Belgium, Ireland, Netherlands, France, and Austria, with a move into the U.S. planned in the near future. The Trov and UFODrive collaboration will launch in London, where they offer all-digital, all-electric, self-service car rentals out of two locations, Park Lane and Oxford Street.

“This partnership with UFODRIVE is the first of, hopefully, many for Trov within the U.K. market and highlights the vital convergence of the future of transportation with the future of insurance," Ed Axon, global head of business development at Trov, said in a statement. "We’re delighted to help them manage their holistic risk effectively, so they can focus on bringing more sustainable transport options to consumers and businesses in London and beyond."

With the power of Trov’s Mobility Platform behind them, the UFODrive team can monitor, manage, and mitigate their insured and uninsured risks more effectively, ultimately shifting more resources toward the expansion of their business, aided by an already well-subscribed crowdfunding campaign.