Press kit

Cachet launches a new partnership HDI Gloal SE and Bolt Drive in Germany to revolutionize fleet insurance.

This collaboration extends Cachet’s presence in Germany, building on its micromobility and gig work solutions for RideMovi and TaskRabbit. For the first time, Cachet’s complete platform-enabling insurance technology will support every vertical in Germany. A major milestone in its European expansion.

Meeting the Demands of Germany’s Growing Mobility Market

With Germany becoming one of Europe’s largest shared mobility markets, fleet owners are increasingly looking to operate efficiently while managing rising risks and costs. Cachet’s data-driven platform delivers flexible insurance that adapts over time. Alongside tools to incentivize safe driving, it helps operators manage risks as they emerge.

Hedi Mardisoo, CEO and Co-Founder of Cachet, expressed her enthusiasm for the partnership:

“Expanding alongside Bolt Drive, with the support of HDI Global SE, in Germany is a proud moment for Cachet and a testament to our commitment to redefining insurance for Europe’s platform economy.”

She went on to highlight the broader impact of shared mobility:

“Shared mobility is transforming urban transportation rapidly in Germany, and our solutions are designed to meet this evolution—enabling operators like Bolt Drive to scale with confidence and sustainability.”

Building on Successful Collaborations Across Europe

This partnership builds on Cachet’s successful collaboration with Bolt Drive in the Baltics and Czech Republic, extending into a new region together. By combining tailored coverage with real-time insights, Cachet is helping Bolt Drive to continue transforming fleet efficiency, safety, and scalability in Europe’s most competitive markets.

On the launch Diego Ramirez-Goelz, Regional Manager Central Europe at Bolt Drive, remarked:

“Scaling car-sharing operations in Germany’s dynamic market demands flexibility and innovation. With Cachet’s data-driven solutions and the support of HDI Global SE, we’ve unlocked an insurance model that adapts to our needs and empowers safe we’ve unlocked an insurance model that adapts to our needs and empowers safe, efficient operations. Building on our success in the Baltics and in the Czech Republic, this partnership ensures we can confidently operate in Germany, delivering smarter mobility that meets the evolving demands of our cities and users.”

A New Step in Cachet’s European Expansion

This partnership completes Cachet’s presence across Germany’s platform economy—from micromobility to gig work and now automotive. Kalle Palling, COO and Co-Founder of Cachet called the move the “final piece of the puzzle” in the market and emphasized the significance of the collaboration:

“It’s proof of our ability to adapt to diverse operator needs across the platform lifestyle. By working with HDI Global SE, we’re enabling Bolt to operate with confidence in one of Europe’s most exciting markets, thanks to the power of adaptive insurance.”

About Cachet
Cachet is a leading InsurTech that designs better insurance for people and companies in the European platform economy. Our technology manages and embeds insurance, aggregates gig work and asset usage data. Providing a vastly-improved insurance cover to both users and platforms. Founded in 2018 the company, today we’re supporting platform-driven businesses from Tallinn to Milan—and everywhere in between.

Whether you’re adapting to regional needs or expanding across Europe, Cachet simplifies the process.

Cachet, the platform worker-focused insurance services marketplace that aims to foster a healthier platform economy, has raised €5.5 million to expand its services to gig workers across Europe.  

The Tallinn-based insurtech provides solutions for the growing platform economy workforce, which will account for 1 out of 5 economically active citizens in the EU by 2025.

Traditional insurers struggle to deal with platform work’s unique needs, such as ride-hailing drivers that work across different platforms like Bolt and Uber. This makes worker protection cumbersome and costly.

Cachet solves the issue of a platform worker’s employment-related data being spread across multiple platforms by aggregating the data across platforms. By building a better picture of worker employment patterns, Cachet enables insurers to create fair and flexible insurance policies and cut the costs for workers. 

Cachet already provides more affordable motor insurance for ride-hailing drivers as well as regular consumers, and delivery rider insurance that covers personal injury and property damage, accidents and medical expenses. The company’s new insurance plans will include third-party liability as well as personal health and accident coverage for gig workers. 

Cachet will also pioneer a data-led fleet insurance model in the Baltics and the CEE region to improve risk management of commercial car and micro-mobility fleets used to provide app-taxi and delivery services, thereby reducing insurance costs for both workers and fleet managers.

Cachet is trusted by more than 12 insurance underwriters with leading carriers like Allianz, PZU and VIG Group. 

Hedi Mardisoo, co-founder and CEO of Cachet: “Even though the platform economy has made companies like Deliveroo and Bolt some of Europe’s fastest-growing companies, it has been accompanied by a heated debate about workers’ rights. 

We have been involved in EU-level discussions to regulate platform work and there’s an impulse to solve problems by reclassifying platform workers as employees. But using old thinking to solve new problems is likely to result in the baby getting thrown out with the bathwater. 

Instead, we think that we can use technology to fix problems partly caused by technology. This way, we can keep the flexibility and freedom of the platform work ecosystem, while putting the gig worker back in the driver’s seat.”

Leading the €5.5 million financing round was Paris-based Truffle Capital, making this their first investment in the region. The round also included Uniqa Ventures, an expert in the Central Europe region, and previous backer and lead investor Icebreaker.vc. Truffle Capital and Icebreaker.vc representatives will join Cachet’s supervisory board.

Bernard-Louis Roques, co-founder and CEO of Truffle Capital: “Cachet has a strong regional footprint in the Baltic region, and a clear long-term vision on how to tackle the platform economy problems from the freelancer’s perspective. Freelancers are the driving force of the new economy. Cachet has developed impressive data capabilities, with unique data assets, data platform and data science resources, which enable it to treat each and every freelancer individually, and at the same time minimize the risk ratio for its insurance partners, making it a rising force in one of the most dynamic insurtech market.”

Dr. Andreas Nemeth, CEO of UNIQA Ventures: “Cachet’s data-led pricing for gig economy workers does improve driving behavior and has great potential to make commercial fleets safer and cheaper driving loss rations lower. Besides that, the data driven success and the related massive growth potential of Cachet aligns perfectly with our investment focus on embedded insurance. I am excited to support Cachet’s founding team on their future success journey.”

The funds will be used to grow the company’s team, improve its technology and data models, and expand within Europe. Cachet has an insurance distribution license that has been passported to most of the EU countries and currently operates in Estonia, Latvia, and Poland, while also serving customers in the UK, Lithuania, and Finland. In addition to Bolt and Uber, it also works with platforms like Upsteam, Citybee and Cleanify. In Estonia, the company’s first market, Cachet holds 40% of the app-taxi segment’s market share.