• A micro-mobility solutions leader, Helbiz has signed a Memorandum of Understanding (MoU) with YOLO Group to boost the digital transformation for the insurance segment.

Helbiz signed MoU

A micro-mobility solutions leader, Helbiz, has signed a Memorandum of Understanding (MoU) with YOLO Group. Helbiz is a business combination target of GreenVision Acquisition Corp. (Nasdaq: GRNV), and YOLO Group is Italy’s first digital insurance brokerage group. Helbiz signed an agreement to develop the integrated mobility and insurance service.

If finalized, the partnership would allow Helbiz to buy accident insurance for shared vehicles for the leasing period on the Helbiz mobile app.

The primary intention for YOLO to work with Helbiz is to incorporate protection solutions within Helbiz’s mobile sharing platform. Eventually, two companies will collaborate to offer insurance solutions beyond the rental of individual rides via Helbiz’s digital properties. The collaboration intends to boost the digital transformation for the insurance sector.

Offerings are anticipated to comprise on-demand insurance solutions dedicated to various non-Helbiz related businesses that will be part of a more significant annual accident policy with liability and personal assistance coverage.

Expert’s take

Ruggero Cipriani Foresio, Chief Marketing Officer at Helbiz, commented: “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.”

He further added, “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.”

Roberta Pazzini, Head of Marketing and amp; Communication at YOLO Group, commented: “We are witnessing a gradual transition towards alternative and sustainable forms of transport.”
She further added, “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.”