With the pandemic seeing an increase in grocery deliveries, the partnership aims to provide flexibility for e-bike fleets
Commercial motor insurer and insurtech Zego has partnered with grocery delivery startup Dija to insure its growing commercial e-bike fleet.
Zego’s third party and accident policy will provide Dija’s e-bike fleet with fixed-term annual cover, which will be charged monthly instead of paying an upfront fee.
This will enable Dija to assume greater control over its cash flow, enabling the business to use more of its funds to expand its team and territories.
This partnership is the insurtech’s first commercial e-bike policy after it recently launched two new flexible insurance products designed to cover e-bike and moped fleets in the UK.
Ines Feraci, Zego’s director of B2B, said: “The Covid-19 pandemic has seen a huge increase in demand for food and grocery delivery platforms and has opened the door to new operators in the space.
“We are excited to be teaming up with Dija, a startup with huge potential, to launch our first ever commercial e-bike policy.
”Businesses in this sector are completely reliant on their vehicles and we want to give them flexible insurance products which help to maximise their fleets’ potential while minimising costs.”
Transparency and flexibility
Zego’s new e-bike and moped fleet products means that policies can go live in a week, saving money and time for businesses that rely on these vehicles.
Businesses can also scale their fleets quickly and expand them to include other vehicles.
The new partnership is designed to give Dija more transparency and flexibility. For example, it will be able to add and remove e-bikes from its policy easily using Zego’s fleet portal - this means Dija can track how many and which of its e-bikes are insured at any given time.
Alberto Menolascina, founder and chief executive at Dija, said: “Our partnership with Zego will 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 we need.”
Dija was launched in London early this year with $20m in seed funding. The ultra-fast grocery delivery startup serves Londoners in South Kensington, Fulham, Hackney, Islington and Notting Hill. The company is also in the process of expanding to new locations across the UK and Europe.