News
BYD picks bolttech for embedded EV insurance in Europe
4+ hour, 56+ min ago (530+ words) BYD appointed bolttech as its preferred strategic partner for embedded insurance across its main European markets. It gives BYD customers access to motor insurance during the vehicle purchase and finance process, both online and through dealerships. The partnership has already…...
Critical Loop raises $26 mn to cut grid connection delays for US sites
3+ week, 2+ day ago (467+ words) Critical Loop, a company focused on speeding power access for industrial sites, raised $26 mn in fresh funding. Total committed capital now stands at $49 mn. The company says its model cuts grid connection wait times from years to weeks by combining…...
Slate Auto raises $650 mn to push low-cost electric truck into production
3+ week, 2+ day ago (408+ words) Electric vehicle startup Slate Auto has closed a $650 mn Series C round as it pushes toward production of low-cost electric pickup trucks by late 2026. TWG Global led the round. The firm is run by Mark Walter and Thomas Tull. Slate…...
Electric vehicles cut crash frequency but push insurance claim costs higher - GDV
1+ mon, 3+ week ago (294+ words) The rise of electric vehicles already reshapes auto insurance economics. New data from German Insurance Association (GDV) points to a shift insurers didn't fully expect. Crash frequency declines, but insurance claim severity moves the other way. EVs appear in accidents…...
Insurtech Lemonade launches Autonomous Car Insurance for Tesla FSD drivers
3+ mon, 2+ week ago (698+ words) The insurtech positions the offering as a category-first policy priced around autonomous behaviour rather than traditional driver assumptions. The product reduces per-mile rates by roughly 50% when FSD is engaged, reflecting internal data showing materially lower risk during autonomous operation. Lemonade…...
UK Motor Insurers Expand EV Insurance Offerings
8+ mon, 3+ week ago (1382+ words) Motor insurers are ramping up their presence in the UK's electric vehicle (EV) segment as battery electric vehicles (BEVs) continue to capture a growing share of new car registrations. According to Consumer Intelligence, 11 new EV insurance products launched on a…...