Green mobility insurtech Laka lands £7.7m round

Laka Secures £7.7m for Green Mobility Insurance

Laka, an insurtech company based in London, has announced a successful Series B funding round, raising £7.7 million. The company specializes in providing insurance solutions for green mobility, a growing sector focused on sustainable transportation options.

Funding Details

This funding round was led by a mix of private investors and venture capital firms interested in supporting eco-friendly initiatives. While Laka hasn’t disclosed all investor names, the round underscores a clear interest in businesses that prioritize environmental sustainability.

What This Means for Laka

The newly raised capital is intended to enhance Laka’s product offerings and expand its market reach within the green mobility space. This could include developing new insurance products tailored to electric vehicles (EVs) and other environmentally friendly transport options. With governments and consumers increasingly focusing on sustainability, Laka positions itself well to meet these emerging needs.

Impact on the Insurance Industry

Laka's achievement reflects a broader trend within the insurance sector, where startups are increasingly leveraging technology to meet the demands of a shifting market. As traditional insurers look to adapt, companies like Laka may set standards for innovation in product development and customer engagement.

Conclusion

This funding marks another step forward for Laka as it aims to solidify its place in the green mobility insurance market. The support from investors demonstrates confidence in the potential of sustainable transportation solutions.

Original Source: https://www.uktech.news/insurtech/green-mobility-insurtech-laka-lands-7-7m-round-20250715