Meet the founders – Volvero
1 – Can you briefly explain what your solution is all about? What’s unique about it?
Volvero is an app for sharing vehicles that connect owners with people who need one, saving time and money. Through AI and advanced technologies, we improve quality and security with crystal-clear full insurance coverage. Volvero is easier, safer and more reliable than any other app.
2- What’s the story behind your company? How was the idea for this business born?
Have you ever been in love? Well, our founder, Marco, was living far from his girlfriend and he needed to rent a car to visit her at the weekends since there were no feasible alternatives. Renting a car was not a trivial procedure as there are many friction points in car rental service.
We thus started Volvero to simplify and innovate the whole user experience: we realized we could have affected, for real, people’s lives and having positively impacted environmental issues such as pollution and traffic jams
3- Which is the challenge that your solution tackles, and how do you set apart from the other companies with similar solutions?
Modern society is in need of new efficient transportation alternatives. Indeed, public transport is crowded, inflexible or absent, especially in extra-urban areas. At the same time, car rental services are rigid and expensive, thus people not owning a private vehicle are restricted from free movement. Still, car ownership is not feasible taking into account that society is facing a high underutilization of vehicles with cars not being used for 96% of the time occupying parking spaces and producing pollution.
The problem, therefore, has three dimensions which are people in need of economic transportation for different needs, owners in need of reducing their vehicles’ costs, and the issue of overproduction and under usage of vehicles contributing to pollution and waste of resources.
Competition exists but the solutions offered by our competitors work in a different way which still is not very customer-oriented.
Volvero is a game-changer of the market thanks to the technology innovation leaps. Volvero is the first startup that is leveraging advanced technologies matched with a car-sharing service. We offer an insurance policy that covers various types of vehicles (cars, motorcycles, recreational vehicles, vans, etc.) of private and commercial owners and our app leverages technology for data analytics of drivers’ behaviours. We indeed have 3 patents on our technology.
4- What are your goals, and what’s the biggest challenge you are trying to overcome at this moment?
Our goal is to become a unique player in the market, a global brand that people can trust, recognize and use for their purposes related to their mobility needs. The biggest challenges are to enhance social awareness of p2p drive sharing services and fight the status quo, other than pushing and driving innovation in the insurance domain for us to get an always updated insurance policy that provides comprehensive coverage to our users.
5- What advice would you give to an entrepreneur trying to pave his/her way in the space sector landscape?
Seek the help of someone who is highly skilled and experienced both in this sector and in other startups-related industries and topics. They can really save you a lot of time and effort.
6- About SUN, why did you apply?
We believe at SUN we could have met exceptional mentors and advisors. We wanted to improve our execution by working with them, to learn from their experience, understand what’s the reason behind their success and if they have failed once, why did it happened; to avoid committing the same mistakes.