Chilean car insurance and telematics start-up Jooycar has raised $3m in funding from FL private equity firm HCS Capital Partners to help international expansion. Jooycar uses data collected from each vehicle along with machine learning to develop commercial and personal insurance products tailored to a specific vehicle. The data it collects includes maintenance reports, real-time vehicle information, driver assessment and driving patterns.
Chilean car insurance and telematics start-up Jooycar has raised $3m in funding from US private equity firm HCS Capital Partners to help international expansion. Jooycar uses data collected from each vehicle along with machine learning to develop commercial and personal insurance products tailored to a specific vehicle. The data it collects includes maintenance reports, real-time vehicle information, driver assessment and driving patterns.