VOOM

VOOM provides usage-based, pay-per-mile insurance for motorcycles, e-bikes, boats, aircraft, and drones, enabling customers to pay only for the miles they ride or hours they fly. The platform's motorcycle insurance offers savings of up to 60% with rates as low as $50 per year, requiring no tracking devices or hardware. Instead, customers periodically share odometer photos through the VOOM mobile app approximately three times per year. VOOM offers three policy tiers: Rider's Essentials (liability coverage), Popular (collision, comprehensive, and medical), and Extended (premium coverage with higher limits). Backed by Markel Insurance Company with an A excellent financial strength rating, VOOM provides 24/7 support and is expanding nationwide across the United States. The company also operates SkyWatch, offering aviation and drone insurance. Founded in 2016 and headquartered in Palo Alto, United States with operations in Tel Aviv, Israel, the company has raised approximately $22 million at the Series B stage.