Bharatsure partners with Battery Smart to Provide Comprehensive Insurance Coverage for 40,000+ Drivers and Station Partners.

Subham Agrawal

Apr 18, 2024 — 3 min read

Bharatsure partners with Battery Smart to Provide Comprehensive Insurance Coverage

Bharatsure activates Insurance for Battery Smart Drivers with Comprehensive Coverage for Emergencies, Simplified Policy communication and Seamless Claim Settlements.

Mumbai, April 18, 2024: Bharatsure, a leading Insurtech company, has partnered with Battery Smart, India’s largest and fastest growing battery swapping network for electric two and three-wheelers, to provide health and accidental insurance coverage to 40,000+ drivers and station partners within its network.

Under the insurance program, drivers and partners can avail emergency treatment, medical hospitalization, and day-care treatments, among other benefits, as per the eligibility criteria outlined. Drivers and partners are also covered under the accidental insurance policy to avail accidental OPD or lumpsum benefits in case of unfortunate incidents such as accidental fatality, hospitalization, and accidental permanent total and partial disablement.

As EV adoption continues to rise in India, particularly in the two and three-wheeler segment, which makes up about 95% of the Indian EV market, there is a significant increase in the numbers of gig workers and delivery drivers on the roads today. To prioritize the safety of its drivers and station partners, Battery Smart has undertaken several initiatives along with setting up a 24x7 support helpline and in-app reporting. The company provides practical training sessions on battery handling, charging guidelines, and emergency response. It also offers free EV health checkups, including thorough inspections of vehicles to proactively address any potential safety issues, reducing the risk of breakdowns or accidents.

Speaking on the occasion, Anuj Parekh, Co-founder & CEO, Bharatsure, said, "We are happy to partner with Battery Smart to tailor-make comprehensive programs to safeguard its growing community of EV drivers and station partners across India. The insurance coverage will provide users with essential financial security, while also encouraging timely access to healthcare when needed. We are proud to be associated with Battery Smart which has taken the step to provide such security to its partners.”

“Recognizing the need for well-rounded insurance to protect delivery drivers, gig workers, and small business owners, we look forward to working closely with Bharatsure. Its robust insurance policies will be instrumental in protecting our drivers and station partners, fostering confidence in the charge to switch to electric vehicles,” added Ankur Jhavery, VP-Business, Battery Smart.

This partnership not only provides a vital safety net for gig workers and delivery drivers but also represents a significant step towards fostering confidence in the transition to electric mobility. In 2023, Battery Smart strengthened its commitment by partnering with Zomato to organize a first-of-its-kind two-wheeler ‘EV Mela’ in Delhi to raise awareness about the positive impact of electric vehicles.

With India's gig economy employing around 10-15 million people, many state governments are increasingly prioritizing accident, health insurance, and retirement benefits for gig workers. Battery Smart's partnership with Bharatsure marks a pivotal point in India’s electric mobility industry, setting new standards for user safety and wellbeing.

About Bharatsure

Bharatsure is an Infrastructure as a Service enabler, offering Plug-and-Play APIs for embedded insurance and healthcare, with end-to-end support on tech stack, claim servicing, product sourcing and assisted sales, bundling additional healthcare products like doctor consultations, health checkups, mental wellness, fitness programs and more. With a strategic focus on empowerment of the insurance ecosystem, Bharatsure also equips insurance players like licensed brokers, agents, banks, and institutions—with the tools they need to offer tailored group benefits to their customers.

About Battery Smart

Battery Smart is India’s largest and fastest-growing battery-swapping network for electric two and three-wheelers. The company was co-founded by serial entrepreneurs and IIT-Kanpur graduates Pulkit Khurana and Siddharth Sikk in 2019 - to make EV adoption simple, economical, and accessible through a unique partner-led model. Battery Smart has completed 30 million+ battery swaps, set up 1000+ swap stations, and works with over 40,000 vehicles across 27+ cities.