Drivemate partners with LMG Insurance to offer car insurance to ensure peace of mind

Automotive Press Releases Thursday September 28, 2017 13:53
Bangkok--28 Sep--LMG Insurance

Drivemate a hot startup car-sharing platform that provide short-term and long-term car rental services which has similar platform as AirBnB. Drivemate partners with LMG Insurance to ensure peace of mind and continues to raise funding from dtac accelerate and 500 TukTuks

Khun Silratth Sukwatthanasiri, CEO and Co-Founder of Drivemate, said, I studies the successful business model in other countries and would replicate it in Thailand. Major problems with car rentals in Thailand are high prices and limited choices. According to the survey study, average cars are in use for only 5 hours and sit idle for 19 hours. Why don't we make value added of those idle cars? Moreover, we put more customer service as the web system is quite new to Thai people for self-service platform. Currently, Drivemate is able to offer variety of over 100 models of cars with 1,000 average rental transactions per month with business expansion.

Dr. Boonsong Sermsrisuwan – SVP Sales and Marketing, LMG Insurance PCL., said, LMG has the Head Quarter in Boston, USA which was rated at rank 75th from Fortune 100 and operate the business in 5 continents worldwide. We are more than ready to fulfill Drivemate startup from the launch of business. LMG Insurance provides first-class car insurance during the rental agreement period because the normal personal use car insurance is not eligible from usage to claim for accident report. Recently, Liberty Mutual Insurance Group (HQ) has announced to invest in Turo which is one of the world largest peer-to-peer car sharing platform. LMG Insurance continues our strong relationship with Drivemate which is first leading of car-sharing in Thailand that can match with the change of people lifestyle in the city as the future business platform in Thailand.

Latest Press Release

Foton Motor Signs a Cooperation Memorandum With Cummins at the U.S.-China Energy Efficiency Forum and Launches the Second Stage of the China Super Truck program

On October 13, 2017, The 8th U.S.-China Energy Efficiency Forum was held in Denver, Colorado, US. At the forum, Foton Motor and Cummins signed a Memorandum of Green Power and Smart Truck Cooperation Development Project, which indicates that Foton Motor...

Mazda growth continues, sales top 36,000 units after Q3 New CX-5 to be launched in Q4

Mazda Sales (Thailand) Co. preparing to launch its Q4 offensive, amidst intense market competition and economic growth thanks to the stimulus packages from the government. Domestic auto sales have also been growing, averaging at 69,000 units per...

Goodyear takes lucky winners on a Driving Experience activity to experience advanced safety driving

Goodyear Thailand, in partnership with Mercedes-Benz TTC, recently initiated the "Driving Experience" activity which provides an opportunity for a select few to experience advanced safety driving, participating in performance tests of Goodyear's premium...

iCar Asia Launches All-New People Choice Awards - Car of The Year Awards 2017

iCar Asia, ASEAN's No 1 network of automotive portals and largest and most trusted online source for new and used cars, is launching a brand new People Choice Awards - Car of The Year 2017 Award in Thailand and across ASEAN with 100% consumer voting for...

Mitsubishi Motors Thailand announces the appointment of Executive Vice President of Domestic Sales Unit and After Sales Unit

Mitsubishi Motors (Thailand) Co., Ltd., appoints Mr. Egathi Rattana-Aree as the new Executive Vice President of Domestic Sales Unit and After Sales Unit to leverage its competitiveness in market to better address customer's demand with the commitment to...

Related Topics