Commercial motor insurance provider Zego has partnered with grocery delivery startup Dija to insure its fleet of e-bikes in London.
The partnership is Zego’s first commercial e-bike policy, following the recent launch of two new insurance products designed to cover e-bike and moped fleets in the UK.
Dija, which launched in the UK capital early this year with US$20m (£14.5m) seed funding, currently serves Londoners in South Kensington, Fulham, Hackney, Islington and Notting Hill.
According to the startup, which is currently in the process of expanding to new locations across the UK and Europe, customers can choose from thousands of products at retail prices and have them delivered in 10 minutes with no missing items or substitutes.
Zego’s third-party and accident policy will provide Dija’s e-bike fleet with fixed-term annual cover, but charged on a monthly basis instead of the company having to pay an upfront fee.
Dija will also be able to add and remove e-bikes from its policy using Zego’s fleet portal. In doing so, the startup will be able to track how many of its e-bikes are insured at any given time, as well as which e-bikes in particular.
Zego said this will provide Dija with enhanced transparency and more flexibility than it would have with a more conventional insurer, and will allow it to actively manage its own fleet on a daily basis.
Alberto Menolascina, founder and CEO at Dija, said: “Our partnership with Zego will also enable us to assume greater control over our cash flow, which in turn will enable us to prioritise our funds on things like international expansion and hiring.
“For a fast growing startup like ourselves, this is exactly the kind of flexibility that we need.”
Both Zego’s new e-bike and moped fleet policies can go live within one week, which, according to the insurtech firm, will enable businesses that rely on vehicles to make money, to save time in getting their vehicles on roads, as well as to quickly scale fleets in size and expand them to include other vehicles, too.