YOLO partners with micro-mobility company Helbiz

Micro-mobility company Helbiz has signed a Memorandum of Understanding with Italy’s YOLO Group. If completed, the partnership would enable Helbiz users to purchase accident insurance for shared vehicles for the duration of the rental on the Helbiz mobile app.

Founded in 2017, YOLO is a digital insurance broker that enables on-demand and pay-per-use underwriting of products from national and international insurance groups.

Launched in 2016 and headquartered in New York City, Helbiz operates e-scooters, e-bicycles, and e-mopeds in over 30 cities around the world including Washington, D.C., Alexandria, Arlington, Atlanta, Jacksonville, Miami, Milan, Richmond, and Rome.

Initially, YOLO intends to work with Helbiz to integrate protection solutions within Helbiz’s mobile sharing platform. Ultimately, the two companies will work together to distribute insurance solutions beyond the rental of individual rides through Helbiz’s digital properties. Offerings are expected to include on-demand insurance solutions dedicated to a variety of non-Helbiz related businesses, which will be part of a larger annual accident policy with liability and personal assistance coverage.

“Our innovative collaboration with YOLO Group, when completed, will allow us to be the first operator in the world to offer in-app insurance coverage for micro-mobility services and beyond. YOLO Group shares our mission to enable innovative solutions that improve the quality of people’s lives worldwide. This service has the potential to support consumers using our products and those outside of the Helbiz spectrum. This partnership is part of Helbiz’s long-term vision to continue building customer-friendly services that aim to increase the level of rider trust and safety.” – Ruggero Cipriani Foresio, Chief Marketing Officer of Helbiz.

“We are witnessing a gradual transition towards alternative and sustainable forms of transport. The ecosystem of mobility that is emerging is also creating interesting opportunities for the insurance sector, and this future partnership will enable new digital customers to take advantage of YOLO’s innovative services.” – Roberta Pazzini, Head of Marketing & Communication of YOLO Group.