Allianz X, the digital investment unit of the Allianz Group, has invested an undisclosed amount into Mobility Trader Holding, the parent company of heycar, an international digital platform for used car sales.
“This will be a capital increase, not buying shares from an existing shareholder,” a spokesperson for Allianz told Insurance Asset Risk. “Mobility is one of many areas of interest to Allianz X—we don’t restrict ourselves to sectors except to ensure our investments are excellent both from a financial perspective and in their potential for synergies with Allianz companies.”
Allianz will become the insurance partner of heycar, which was founded in 2017, for the next five years in all existing and future markets.
