Israel-based startup Voom recently launched an app offering access to a number of unique mobility insurance plans. These include specialized plans for owners of e-scooters, bikes, boats and more. Raising $5 million in a recent crowd-funding effort, the company describes its insurance model as one that caters to “episodic usage mobility platforms including e-scooters and powersports.”
Voom CEO and co-founder Tomer Kashi explains that the platform is a convenient resource for on-the-go coverage that can be accessed via one's mobile device. "Voom will cover claims made by other individuals if a rider collides with them; this includes property damage and will provide personal accident insurance."
Appealing to urban dwellers who prefer two-wheelers to traditional cars, or fans of high-intensity outdoor sports, this specialized mobility insurance offers versatile coverage.
Why This Trend Is Growing
- Unique Mobility Insurance Plans
- Voom offers specialized insurance plans for owners of e-scooters, bikes, boats, and more.
- Episodic Usage Mobility Platforms
- Voom's insurance model caters to episodic usage mobility platforms, such as e-scooters and powersports.
- On-the-go Coverage Via Mobile
- Voom provides a convenient mobile app for accessing insurance coverage anytime, anywhere.
Industries Being Reshaped
- E-scooter Industry
- Voom's insurance plans cater directly to owners of e-scooters, providing disruptive innovation opportunities within the industry.
- Bike Industry
- Voom's specialized insurance plans for bikes offer new opportunities for disruption within the bike industry.
- Powersports Industry
- Voom's insurance model for powersports caters to a niche market within the industry, presenting disruptive innovation potentials.
