Laka

Laka developed a bicycle insurance platform that insures bicycles, e-scooter, and other e-Mobility vehicles and equipment against theft, vandalism, accidental damage, and loss. Laka's solution provides actual coverage to a community (or pack) of like-minded riders. It also provides recovery advice and treatments, enabling users with a cost-effective and fairer insurance product. Laka doesn’t charge a fixed sum upfront. Instead, they calculate the premium based on the actual cost of claims every month to deliver a much fairer price and evaluation of risk. This means the rider payments will vary, but the maximum contribution will be capped and some months the rider may pay nothing if noone incurs a claim.