Jooycar expands to the US with new product

LatamListJooycar, the Chilean insurtech, announced the expansion to the US with the launch of a new product, Fleetr.

Jooycar provides car insurance for personal and commercial clients based on car usage and car-connected technology. The new product, Fleetr, is designed specifically to help small car companies to manage their fleets more effectively.

Fleetr detects the mechanical condition of the car and assesses the driving habits of the owner through the use of GPS. With the collected data, small businesses can monitor and manage the upkeep of their fleets in a time and cost-effective manner.

“We use a GPS tracking device that can detect the velocity, stop point, trajectory, and execution of the driver, converting the data in real-time to help improve driving efficiency,” said Rodrigo Labbé, CEO of Jooycar.

The launch into the US comes after an investment from HCS Capital, a Miami-based VC fund. Jooycar also expanded its operation in Latin America earlier this year, launching into Peru and Mexico. 

The startup will focus on the Californian and New York markets, looking to consolidate their presence with a further investment round early in 2021.

Read more on Diario Financiero.

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