Exchange car – Tesla: insurer Balcia starts cooperation with start-up OX Drive – Market news

Insurance technology company “Balcia” has concluded an agreement with “Tesla” electric car sharing platform “OX Drive”, giving KASKO insurance customers the opportunity to choose an electric car of this brand as a replacement car. The aim of the cooperation is to promote sustainable mobility in the urban environment and to encourage Latvian residents to choose more environmentally friendly vehicles in the future.

Europe has set strict climate neutrality targets to reduce greenhouse gas emissions. However, in the transport sector, around 83% of carbon dioxide emissions are still caused by road transport. “Balcia” in cooperation with the electric car sharing platform “OX Drive” is committed to making electric cars more accessible to its KASKO customers by offering them as a trade-in car while the insured vehicle is being repaired.

“Balcia is one of the most active insurers in the electric vehicle insurance market, because we believe that the latest generation of technology is of great importance today, especially when we think about reducing the negative impact on the environment. Therefore, we were looking for a partner with whom we can promote greener mobility of the population and inspire them to choose more environmentally friendly means of transportation in the future. The founders of “OX Drive” are a modern and progressive start-up with long-term goals in common with us. We at Balcia want to support and cooperate with brave entrepreneurs, so we are pleased that in cooperation with “OX Drive” we will be able to offer customers to choose a “Tesla” as a trade-in car and see for themselves what it really means to move with an electric car. “Tesla is a symbol of high performance and sustainability of modern technology,” shares “Reinis Bērzkalns, Vice President of Balcia.

“We are happy to start cooperation with an insurance technology company, thus giving an even wider part of society the opportunity to test the most technologically advanced “Tesla” electric car, as well as to try car sharing service services. We believe that sustainability and green mobility are gaining an increasingly important role in people’s movement habits every day, and we have no doubt that future mobility will be determined by the development of the electric car network,” says Egija Gailuma, co-owner and manager of “OX Drive”..

Both existing and new Balcia customers who have selected the appropriate car replacement coverage will have the option to use a Tesla as a replacement car if the insured vehicle needs repairs. When applying for an exchange vehicle, customers will have the opportunity to reserve a car upon receiving it at the specified address, or with the help of the “OX Drive” mobile app, start using any nearby shared Tesla vehicle.

Christian Valbe-Supervisor