Trov (www.trov.com), a global leader in embedded insurance technology, today announces the continuation of the company’s expansion in the United Kingdom through a new partnership with Zoom EV (www.zoom-ev.com), a British e-mobility brand with an innovative approach to car sharing.
Zoom EV’s new car share service will allow auto-dealer networks across the U.K. to showcase the benefits of EV ownership while also facilitating the monetisation of idle vehicles. Their technology enables dealerships to offer their inventory to interested, vetted individuals on a variable-term basis.
With the help of Trov’s Mobility Insurance Platform powering a bespoke context-based commercial insurance program, managed by UK Insurance Business Solutions under the NIG brand within the Direct Line Group, vehicles on the Zoom EV car share platform are fully covered while in use – reducing the risk for both the dealership and the renter while also providing cost-efficient coverage.
“The team at Zoom EV are experienced, innovative and truly inspiring and we’re delighted to match those qualities by developing a unique insurance programme that links the Trov technology with the ZoomEV operational platform. At the same time, it has been a pleasure to support them as they do their part to fight climate change by encouraging EV use and adoption across the nation” comments Ed Axon, Global Head of BD at Trov.
“We’re excited to work with Trov to offer insurance to our EV sharing community. By reducing the risk for our users, we’re eliminating yet another barrier to entry for EV adoption and taking a step towards a more sustainable future for travel in the UK,” said Greg Fairbotham, CEO & Founder of Zoom EV.