Boundless Rider Announces $4.75M Seed Funding to Reinvent Insurance for Motorcycle, Powersports and E-Bike Riders – InsuranceNewsNet
The round was led by
Boundless Rider was founded to provide the 20 million riders of motorcycles, e-bikes, ATVs, UTVs and snowmobiles with an insurance solution that meets their distinct needs. With many P&C insurance companies focusing on the core product lines of auto and home insurance, investment in innovation, digitization and claims experience has lagged to “specialized” vehicles. Boundless Rider brings to market an innovative insurance product that can be paired with an optional smartphone app to unlock a suite of industry-first features and benefits designed specifically for cyclists.
“Motorcycle insurance has not benefited from the explosion of technology and data science in the same way as other insurance product lines,” said
Boundless Rider will offer coverage directly to consumers and through state-by-state partners beginning in late 2022. Owners of recreational motorcycles, ATVs and UTVs, snowmobiles, scooters and mopeds, dirt bikes and electric bicycles will be eligible to buy a policy online or over the phone.
“Blair and his team are bringing something new to the insurance industry: a digitally native motorcycle and powersports product that can be easily paired with insurers’ basic insurance offerings,” said
The injection of new capital will be used to fund ongoing investments in data science, partner integrations and state expansion. Boundless Rider representatives will be present at Assuretech Connect of
About Boundless Rider
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