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Paydrive AB sells car insurance priced on actual miles driven, with CO2 tracking, from Stockholm, Sweden.
Founded in 2013 by Andreas Broström and Fredrik Cardelius and based in Stockholm, Sweden, Paydrive AB offers car insurance priced on the actual mileage driven. Its products include full, half and traffic cover, and a service that tracks individual CO2 footprints based on driving, launched on March 1, 2023. In December 2018 the company raised SEK 16 million in venture funding from Gjensidige Forsikring. Its 2024 revenue was SEK 1,979,660.60 with EBITDA of SEK -1,102,849.70.
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