BLive has forged a partnership with IDVerse –an affiliate of InsuranceDekho, and an Insurance SaaS platform with plug-and-play solutions.
The collaboration will help IDVerse benefit from BLive’s strong pan-India digital presence, especially in Tier 2, 3, and 4 cities of the country.
On the other hand, BLive In return, will provide an EV insurance marketplace platform to BLive customers at all BLive EV stores
The partnership between BLive and IDVerse creates a win-win synergy online and offline for both B2C & B2B customers of EVs. BLive is currently present in more than 20 locations in Tier 2 & 3 cities and will reach 100 stores in FY24 with a focus on Tier 2 & 3 cities to increase EV adoption across the country.
With this partnership, EV buyers across said locations now have the freedom to walk into a BLive store and opt for an insurance of their choice.
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 currently powers insurance for 30+ brands across India. IDVerse offers a Plug & Play insurance SAAS platform using which any IRDAI licensed intermediary can begin distributing insurance in just a few days with minimal or zero tech efforts.