Allstate Eyes Carshare Insurance Offerings

  • Natalie Mattila
  • May 31, 2017
Allstate Corp. is “researching” opportunities to offer carshare insurance coverage, as the auto insurance marketplace continues to evolve, Mobility Finance has learned. And, given the amount of time that it took Allstate to launch its rideshare insurance offering [just under 12 months], carshare coverage could be offered within a year. “We are looking into researching […]

Alibaba Financial Arm Provides $7.3 Billion for Financing EVs

  • Emma Sandler
  • May 31, 2017
Alibaba Group’s subsidiary Ant Financial will provide $7.3 billion to provide financial assistance to delivery drivers participating in Cainiao Network’s partnership with carmakers SAIC Motor and Dongfeng Motor, the company announced yesterday. Cainiao Network, Alibaba’s data-driven logistics subsidiary, formed the partnership to manufacture one million green-energy delivery vehicles equipped with Cainiao’s AI technology in a bid to boost the efficiency and […]

10 Innovative Startups Disrupting Mobility Finance

  • Emma Sandler
  • May 30, 2017
It’s old hat now to say that auto finance is an industry ripe for disruption because, quite frankly, it’s already happening. From keyless carsharing technology to bringing the entire car-buying process online — including discovery, financing, purchase, and trade-ins — the shakeup of finance is well underway. Each company has a different business model and offers consumers […]

Innovation Requires ‘Sacrifice’ to Leap Forward, Panelists Advise [VIDEO]

  • Natalie Mattila
  • May 30, 2017
Mobility companies need to have a “champion” —  a dedicated person to handle the company’s innovation goals — in an effort to find a balance between technology investments and meeting daily operational demands, said Miranda Hill, director of innovation and commerce strategy at ThoughtWorks. “You have to have a champion that will basically say, ‘You […]

Lease Program Is On the Horizon for Fasten Rideshare

  • Emma Sandler
  • May 30, 2017
Fasten plans to explore opportunities to offer a leasing program to its drivers, following the startup’s nationwide expansion, Mobility Finance has learned. The Boston-based rideshare company, founded in 2014, came to prominence in 2016 when Uber and Lyft left Austin, Texas, last year — in protest of the city’s rule that drivers need to be fingerprinted by a third-party service as a […]
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