This Crewe-based company’s apps and black boxes are used to monitor motorists’ braking, speed and driving style. Insurers such as More Than use the data to reward safe driving with lower premiums. In addition, automotive partners offer free insurance underpinned by the group’s technology, and its Appy Fleet software allows fleet partners such as Rentokil to track their vehicles via employees’ smartphones. In June, Trak Global Telematics merged with sister business Carrot, a provider of insurance policies for young drivers, to create a group with combined 2017 sales of £25.3m. It is led by co-founder and chief executive Nick Corrie, 48.
This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.