Laka, a bicycle insurance firm, has announced further funding from Porsche Ventures, the VC unit of Porsche AG, bringing their Series A funding to a total of $13.5m. With no major European competitor for cycling and e-mobility insurance, this investment allows Laka to become the first-to-market with a highly adaptable and digital business model. Tobias Taupitz, CEO and co-Founder of Laka, says that this new funding will provide the chance for the company to expand into commercial fleet cover across the continent. “Companies who are shifting their fleet to greener transport and e-mobility are underserved by traditional insurers”, Tobias notes, and so Laka are well positioned to become a truly disruptive firm!

Source: Laka

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