Bharatsure, an insurtech startup offering Infrastructure as a Service (IaaS) solutions, announced a new partnership with Battery Smart, a battery-swapping network for electric two- and three-wheelers, to launch natural calamity insurance exclusively for its station partners. The initiative offers protection against events such as fires, floods, earthquakes, and storms alongside personal accident coverages to safeguard individual livelihoods.
With over 1,500 stations and 70,000+ drivers across 50+ cities, Battery Smart’s station partners form the backbone of India’s growing EV infrastructure. This insurance plan ensures partners are equipped with financial protection to overcome unforeseen disruptions while continuing to power the country’s EV transition.
Anuj Parekh, Co-Founder & CEO of Bharatsure, said, “These station partners play a frontline role in advancing sustainable mobility, and we’re proud to design coverage that genuinely addresses their needs. The funding allows us to further develop our infrastructure too.”
Sumi Jain, AVP – Network Strategy and Operations, Battery Smart, said, “Our station partners are at the heart of our operations. This insurance partnership is not just about protecting assets, it’s about empowering the individuals who are driving India’s EV revolution. Together with Bharatsure, we are fortifying the backbone of our network.”
Founded in 2021 by Anuj Parekh and Sanil Basutkar, Bharatsure operates as an Infrastructure-as-a-Service (IaaS) platform that enables businesses, SMEs, and partner-led ecosystems to embed group and modular insurance products directly into their offerings.
Recently, Bharatsure raised ₹6 crore in a funding round led by Inflection Point Ventures (IPV) with participation from Capital A and Atrium Angels.
