The collaboration aims to transform the long-term rental of electric commercial vehicles through the use of digital solutions and a pay-per-use formula.
Under the multi-year agreement, GATE will leverage innovative rental practices and digital technologies to transform the landscape of electric commercial transport. The partnership’s initial phase will introduce a comprehensive, all-inclusive offering divided into three flexible packages, providing clients with a wide array of benefits for every kilometer traveled. This unique solution encompasses various components, such as 100% environmentally friendly vehicles, a digital ecosystem of services, maintenance and repair provisions, telematics, recharging infrastructure, and insurance coverage.
Julian Teicke, CEO of wefox, (pictured) said of the new collaboration, “Our partnership with GATE from IVECO reinforces our strategy to enhance our distribution capabilities through our global Affinity business. We are now delivering on our plans to build a tech platform that enables more companies to benefit from insurance products. Our collaboration with GATE is a testament to that commitment.”
As part of the partnership, wefox has developed customized insurance products tailored to GATE’s rental offering for electric commercial vehicles. By understanding GATE’s specific requirements, wefox identified the most suitable insurance solutions and provided support, facilitating an all-inclusive rental formula. Additionally, wefox will manage the insurance process from start to finish through its third tech hub located in Milan. The entire operation is digitally streamlined to meet the demands of today’s market and align with GATE’s fully digital ecosystem.
Simone Olivati, President of Financial Services at Iveco Group and Head of GATE, expressed enthusiasm for the new venture, stating, “GATE represents an exciting new opportunity for the transportation industry, and introducing a fully electric rental service complete with insurance coverage allows our business to exceed the needs and expectations of our customers. Choosing wefox as our partner was a natural choice. They value teamwork, collaboration, and have a fearless approach to pushing boundaries. The combination of wefox’s business model, expertise, newly developed international scale, and advanced technology platform made them the perfect fit for us.”
