London-based Zego has partnered with vehicle movement firm Engineius. As a result, Engineius has extended its reach across 30 European countries.
Zego will provide a pay-by-the-mile policy for Engineius’ 35 fleet customers. It covered its drivers on a range of vehicles up to 32 tonnes under one product.
Furthermore, the agreement lets Engineius to offer driven movement services outside of the UK for the first time. Already working with companies such as Hertz and Drover, it can now cut costs, improve efficiency and carry out more business.
Both companies share a focus on data. Engineius records journeys through GPS tracking, speed monitoring, and timestamping.
Sten Saar, CEO and co-founder of Zego, said: “Engineius, is one of the most innovative companies in its market and up until now, the insurance industry has failed to truly cater to its business model. By working with Zego, we believe they have opened the door to exciting growth opportunities and we’re very happy to be part of this journey.
“The partnership has also allowed us to gain a foothold in a new area of the new mobility sector and once again, we have proven our credentials as an insurtech which can create products to suit any type of business.”
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By GlobalDataCalum Slowther, head of business development at Engineius, added: “The partnership with Zego will help us to create a more seamless experience for both our customers and our drivers and is a crucial building block to future growth across Europe.
“Like Zego, we are a hugely ambitious company, providing a service which operates in the background but is essential to a large portion of the automotive industry. We believe this synergy will be the foundation of a lasting and valuable partnership.”
Engineius launched in 2018 and has since acquired customers across all major automotive sectors. Its business model is on-demand and ordering takes 30 seconds. Furthermore, every vehicle is tracked and managed in real-time with a mobile app and desktop portal.