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Rockpool Investments backs vMobility

Rockpool has made a significant minority investment in vMobility, a fast-growing, tech-enabled provider of vehicle mobility solutions to the UK motor insurance industry.

Founded in 2023 by Danielle Corby, Matt Corby and Imesh Parmar, vMobility has grown rapidly since inception and serves blue-chip insurers, accident management companies and vehicle fleet providers. vMobility keeps policyholders and third-party claimants mobile after an accident by co-ordinating replacement vehicle provision and vehicle repairs using its proprietary technology platform, vFlo. vFlo matches each claim to the appropriate supplier from a national network of vehicle hire firms and approved repairers, reducing claims costs and improving the experience for road users during the claims process.

Alongside the provision of replacement vehicles via its proprietary technology, vMobility also manages vehicle repairs, handles third-party capture and licenses its technology to customers that prefer to manage the claims process in-house.

The motor insurance market is characterised by increasingly complex vehicles, which are pushing up repair costs and lengthening repair times, which in turn drives up the cost of replacement vehicle hire for insurers and fleet providers.

Rockpool is backing the founding management team to support vMobility’s next phase of growth. The company is led by Danielle Corby (CEO and Co-Founder), Matt Corby (Non-Executive Director and Co-Founder) and Imesh Parmar (Commercial Director and Co-Founder).

Rockpool will support vMobility in further strengthening its leadership team and board. With Rockpool’s backing, vMobility plans to accelerate organic growth through expanding its customer base, offering additional services to existing customers, and increasing its presence in the corporate fleet market.

Tom Coey, Simon Collins and James Ashton led the investment for Rockpool.

“vMobility is focused on delivering differentiated mobility solutions that help manage the claims journey and claims spend. Rockpool’s backing allows us to accelerate investment in our platform, our leadership team and our technology, adding value for our insurer partners and driving growth while continuing to improve the customer experience. We’re delighted to welcome Rockpool as our partner as we embark on the next phase of our journey.”

Danielle Corby, CEO and Co-Founder of vMobility

“vMobility solves a real problem for insurers and insurance intermediaries. Replacement vehicles and repairs are among the fastest-rising costs in motor claims, and vMobility’s technology brings those costs down while giving drivers a better experience after an accident. Danielle, Matt and Imesh have built an exceptional business that is growing fast and is materially differentiated from others in the market. We are excited to work with them as vMobility enters its next phase of growth.”

Tom Coey, Partner at Rockpool Investments

Advisers

Rockpool was advised by Winston Taylor (Legal), Cavendish (Debt), Claritas Tax (Tax), Crosslake (Technology), The Continuum (Organisational) and Wiispa (W&I).

vMobility and its shareholders were advised on the transaction by FRP Advisory (M&A), BDO (Financial and Tax), CIL (Commercial) and Birketts (Legal).

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