LEVA-EU member Laka acquires the Luko e-scooter business in France from Allianz Direct, the third acquisition in the last eighteen months

• Laka has acquired the Luko e-scooter business from Allianz Direct
• Known as a specialist bicycle insurer, Laka has expanded to offer best-in-class insurance to e-scooter customers in France
• The launch of this new product line underpins Laka’s ambitions to expand beyond bicycles to other forms of micromobility
• This acquisition supports Laka’s ambitions to decarbonise transport, E-scooters are estimated to reduce CO2 emissions by up to 12,000 tons annually in major EU cities, as they replace short car trips and lower congestion
• Allianz Direct has now completed its strategic product refocus in France on home and travel insurance, 1 year after the acquisition of Luko

Laka acquires e-scooter business, consisting of renewal rights and contract with Wakam, from Allianz Direct in France, demonstrating commitment to the European market. Only last month Laka also announced an extension to its existing partnership with Decathlon into Germany.

Known as a specialist bicycle insurance provider, Laka is now expanding to offer insurance for alternative vehicle classes, with sights set on being the micromobility insurer provider of choice across Europe. This acquisition marks a significant step in Laka’s growth strategy, following its acquisition of French bike insurance provider, Cylantro, in 2023 and the renewal rights acquisition of CoverCloud in 2024 as it continues to expand its presence across Europe both for bicycle insurance and now micromobility more broadly.

Tobias Taupitz CEO and Co-founder comments, “We are actively looking to acquire within the micromobility space to bolster our offering and are delighted that Allianz Direct has chosen Laka as the new home for its e-scooter customers. Not only is this an exciting time for Laka’s growth, it gives us the opportunity to respond to market needs in France and offer e-scooter insurance.”

The EU e-scooter market was valued at approximately $1.2 billion in 2021 and is projected to grow by 15% from 2022 to 2030. Growth is driven by increasing urbanization, demand for micro-mobility solutions, and supportive government policies. From today, more than 20,000 Luko customers will get access to Laka’s 5* rated insurance from day one, with no interruption of cover.

Fanny Limare-Wolf CEO of Allianz Direct France comments, “We are excited about our agreement with Laka for the acquisition of our e-scooter portfolio. Laka’s strong commitment to customer service makes them the ideal partner to ensure a smooth transition for our policyholders. This strategic step allows Allianz Direct to sharpen our focus on home and travel insurance and drive innovation, delivering even greater value to our customers.”

In addition to actively acquiring in this space, Laka continues to expand its customer base across Europe both direct to consumer, and with partners such as Decathlon, Gazelle, Brompton, Riese & Müller, Gaya and Tenways, and via leasing providers.

For further information contact:
For media information:
Agence Relations
Jihane Teretal
jhane@jt-conseil.com
06 08 27 68 85

About Laka
Laka, winner of the ‘Best Cycle Insurance Provider’ Award seven years in a row, has challenged outdated traditional insurance to provide customers and businesses’ with a fairer, collective-driven approach to insurance. Laka customers pay no upfront premiums, and are instead charged based on the cost of claims submitted by the collective the previous month. Fewer claims result in lower charges. Laka customers work together as a collective and share the cost of claims. Laka handles all claims, divides the cost fairly and limits each customer’s maximum monthly spend with a cap based on the value of the equipment insured by each individual member. Laka members fully benefit from lower costs but are also protected if there are a high volume of claims in any given month.

About Allianz Direct
Allianz Direct is the online future of online insurance, operating in five European market. Driven by the mission to become “digitally unbeatable” and to be the most customer-oriented and efficient insurer in the market, Allianz Direct has set new standards in the digital insurance landscape with its intuitive and intelligent insurance offerings. The direct insurer focuses on simplicity in implementation and straightforwardness in development: insurance policies are easily taken out online or by phone, and the product range is continuously expanded and optimized on the basis of valuable customer feedback. Allianz Direct is characterized by its agility, global expertise, and profound customer understanding, positioning itself as a leader in the digital transformation across