Jooycar offers a connected-car platform and services that combine data from devices plugged into vehicles and a mobile app with machine learning to develop usage-based insurance (UBI) products for commercial and personal lines. The platform delivers real-time vehicle information, customized maintenance reporting, loss prevention, detailed driver risk assessment and scoring, driving-pattern analysis, and route optimization. Jooycar’s pay-per-mile UBI option has helped attract many customers who previously lacked affordable insurance, driving rapid adoption in its markets. The company has experienced 400% annual growth and expects to process nearly 40 million kilometers on its platform in Chile by year-end. Jooycar is headquartered in Santiago, Chile and is undertaking an ambitious international expansion across Latin America and into the U.S. market.

Total raised

$3M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2018