BLive, renowned as India’s fastest-growing multi-brand EV platform, has entered into a strategic partnership with IDVerse, an affiliate of InsuranceDekho, and a leading Insurance SaaS platform offering plug-and-play solutions. This collaboration stands to benefit IDVerse by leveraging BLive’s robust digital presence across India, particularly in Tier 2, 3, and 4 cities. In return, BLive will provide its customers with access to an EV insurance marketplace platform at all BLive EV stores.
The synergy established through the BLive and IDVerse partnership extends advantages to both B2C and B2B customers within the EV sector, both online and offline. Currently, BLive is operational in over 20 locations across Tier 2 and 3 cities, with ambitious plans to expand to 100 stores by FY24, maintaining a strong focus on Tier 2 and 3 cities to promote EV adoption nationwide. With this collaboration, EV buyers in these regions now have the convenience of visiting a BLive store and selecting insurance that suits their needs.
The alliance between the two players – ID verse and BLive – targets to sell 15000 insurance policies, and collectively achieve a premium of 8-10 Cr, in FY24.
Speaking about the collaboration, Samarth Kholkar, CEO & Co-Founder, BLive, said “We are excited to partner with IDVerse to offer the ease of insurance to EV customers buying at BLive stores. We want to ensure every EV consumer gets Choice, Expert Support, and Ease of ownership. 2023 is an exciting year for us as we are looking to deploy over 15000 EVs – a mix of e2W, e3W, E-Cycles, and E-kick scooters – thereby driving sustainability into the rising fleet operator market. IDVerse has become a perfect partner of choice not just for us but also for our customers.”
Commenting on the partnership, Ankit Agrawal said, “With IDVerse, we have come a long way as we continue to disrupt the Insurtech space in India. With global standards technology, bank-grade security, excellent partner practices, and innovation, we are setting new benchmarks in the end-user experience. We are excited to hop on this journey with BLive, and together take EVs and EV insurance across the length and breadth of this exceptionally diverse country of ours.”
IDVerse, a prominent player in the insurance landscape, currently drives insurance services for more than 30 brands across India. The company offers a seamless Plug & Play insurance SAAS (Software as a Service) platform, enabling any IRDAI (Insurance Regulatory and Development Authority of India) licensed intermediary to initiate insurance distribution swiftly. This user-friendly platform requires minimal to zero technical efforts, allowing intermediaries to start offering insurance in just a matter of days.