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Exponential Exchange closes on $7.4 million funding to develop risk mitigation tools for the automotive ecosystem | Auto Remarketing Auto Remarketing

Financial innovation platform Exponential Exchange has closed an oversubscribed $7.4 million seed funding round led by MaC Venture Capital to continue building a suite of financial instruments designed to bring new risk-management tools into the automotive ecosystem, as well as other industries with underserved asset classes.

Industries such as agriculture, energy and manufacturing have long been able to hedge against price risk by using derivatives, Exponential said. Meanwhile, auto fleet owners and insurance companies have not had that option.

Exponential said its mission is to change that by creating a set of financial instruments that would allow rental car companies,

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Car Insurance for Transgender and Nonbinary People

Insurance companies use a range of rating factors to determine how much you’ll pay for a car insurance policy. In many states, insurers have the option to use gender as a rating factor. Inequalities often exist in the rates male and female drivers pay for auto insurance. 

Available data does not clearly define how one’s gender plays a role in gender-based insurance rating for nonbinary and transgender drivers. However, certain critical factors, such as a driver’s claims record, can play a major role in their insurance premium, regardless of their gender.

Key Takeaways

  • Most states allow insurance companies to use

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Impact of the European Critical Raw Materials Act on Electric Motors

The European Commission has proposed the Critical Raw Materials Act to “ensure the EU’s access to a secure, diversified, affordable and sustainable supply of critical raw materials”. This act could have big implications for various technologies and markets, but one that is growing rapidly with a heavy reliance on critical raw materials is the electric vehicle (EV) market, specifically electric motors. IDTechEx predicts that yearly demand for rare earth magnets in EV motors will surpass 1 billion kg by 2031. In which case, what impact will this new act have within the EV market?

Europe is extremely dependent on other

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Cheap Car Insurance in Bakersfield, Ca.: Affordable Rates (2023)

Best Cheap Car Insurance Companies in Bakersfield, Ca.

We have selected the best car insurance options available in Bakersfield, which include Geico, USAA, Progressive, Mercury and AAA. 

These companies provide insurance premiums that are lower than both the average minimum- and full-coverage rates in the city, and they are known for providing great customer service to policyholders and high-quality insurance services.

Keep reading: Cheap Car Insurance

Unless stated otherwise, the following cost tables show average rates for the driving profile of a 35-year-old married driver with a clean driving history.

How Much Is Car Insurance in Bakersfield, Ca.?


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Finest and worst automotive insurance coverage corporations within the UK 2023

How do I discover the perfect automotive insurance coverage?

Automobile insurance coverage may be costly, however you do not have to sacrifice nice cowl simply to get the most affordable worth.

Which? can assist you discover the perfect automotive insurance coverage suppliers and insurance policies. Not solely will we price 78 parts of a automotive insurance coverage coverage, we additionally ask hundreds of actual clients who’ve claimed how they price their insurer, together with names resembling LV, Direct Line and Churchill. From customer support and worth to extra and ease making a declare, our surveys ask in-depth questions on an

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Superior driver help techniques spark automaker-aftermarket battle

The fast rise of crash-avoidance expertise has set carmakers and restore outlets on track for a collision that would decide who controls the $800 billion auto aftermarket within the digital age.

Given the unprecedented sophistication of the techniques, which embrace lane-keeping help, computerized braking and blind spot detection, many automakers say solely elements and repairs from their approved sellers can guarantee security.

This has drawn fireplace from the impartial restore outlets and suppliers that presently dominate the aftermarket. They are saying they’ll produce elements and repair vehicles at a fraction of the associated fee to drivers however are being locked

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