Pay-per-mile auto insurer Metromile is heading to public markets via SPAC
TechCrunch
NOVEMBER 24, 2020
Metromile , the pay-per-mile auto insurer that earlier this year laid off a third of its staff due to economic uncertainties caused by COVID-19, is taking the SPAC path to the public markets. Metromile is credited for disrupting some of the inefficiencies of the auto insurance business model, notably how consumers are charged.
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