Homegrown peer-to-peer car rental platform Ejaro has partnered up with ins. company Tawuniya to offer Ejaro users coverage during their rental period, according to a statement yesterday. Ejaro will start introducing daily car ins. policies starting the second quarter of this year.
Ironing out the details: Ejaro’s daily car ins. product will use Tawuniya’s technology to determine set pricing according to rental duration, driving behavior, and accident history, it said.
What they said: “We are thrilled to expand our partnership with Tawuniya to offer this ground-breaking product in the peer-to-peer car rental industry,” Ejaro CEO Mohammed Khashoggi said. “We believe this product will significantly enhance our services and provide an excellent solution for our hosts and guests within the Ejaro platform,” he added.
Ejaro and Tawuniya are no strangers: Ejaro raised last month USD 3.3 mn (SAR 12.3 mn) in a pre-series A funding round led by Tawuniya. The round also saw participation from unnamed angel investors, bringing Ejaro’s total raised capital to USD 4.5 mn.