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Metromile, an insurance-focused fintech powered by data science and machine learning, on Monday formally announced the addition of a $50 million investment from Ryan Graves, a former Uber ...
Metromile, Inc. is a San Francisco-based technology start-up that offers pay-per-mile car insurance, licenses a digital insurance platform to insurance companies around the world, and provides a digitally native offering featuring smart driving features, automated claims, and vehicle information.
Metromile, the pay-per-mile auto insurer that earlier this year laid off a third of its staff due to economic uncertainties caused by COVID-19, is taking the SPAC path to the public markets. The ...
If you drive for Uber, Lyft or rideshare companies, you need this add-on. Regular car insurance excludes rideshare driving and won't cover damages if you're in an accident while driving paying ...
That year, he resigned from the board of directors of Uber. [5] In 2018, Graves founded Saltwater, his family office, focused on investments in technology businesses. [6] In February 2021, Graves made a $50 million investment in and became a member of the board of directors of Metromile, a pay-per-mile auto insurer. [7]
Most insurance companies will increase insurance premium rates based on these factors and offer discounts less frequently. Insurance companies provide a motor vehicle owner with an insurance card for the particular coverage term, which is to be kept in the vehicle in case of a traffic collision as proof of insurance. Recently, states have ...
Inshur provides embedded insurance to ride-hailing companies like Uber. Check out the 16-slide pitch deck used to secure $19 million. Riddhi Kanetkar. Updated October 17, 2024 at 1:10 PM.
Usage-based insurance (UBI), also known as pay as you drive (PAYD), pay how you drive (PHYD) and mile-based auto insurance, is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.