The Ledger
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Drivex counts Vienna Insurance Group and Munich Re's Ergo as clients
“And we work with the largest groups such as Vienna Insurance Group, and also Ergo, which is a part of Munich Red.”
Drivex prices vehicle inspections between two and seven euros each
“So we're looking at between two to seven euros per inspection.”
Sigur says $7B in fraudulent auto claims are paid annually in US
“Because in the U S alone, over seven billion dollars per year is paid out in fraudulent claims and they can use that technology to.”
Drivex processes 10,000 to 20,000 vehicle inspections per month
“So we're talking about 10, 10,020 thousand inspections per month.”
Drivex plans to exceed $60k MRR by year-end
“We actually have the plan to break that in the end of this year.”
Drivex MRR is growing 20% month-over-month
“So we're currently growing about 20% month on over month. If we look at the subscriptions and the MRR where we're making.”
Sigur predicts the car rental industry will become Drivex's biggest market
“We're serving 15 customers right now, but we're already signing first letter of intents in the rental industry, which will be the biggest market of our business.”
Drivex co-founders did not split their company equity equally
“There are two ways to do that. Yes, one is equally, but we did it the other way around.”
Sigur: Drivex has raised €1.2M in total funding to date
“We have raised to date, 1.2 million euros. Which is like 1.4 million in the U.S. Dollars or so.”