Ather Energy readies auto insurance foray with new subsidiary

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Electric two-wheeler maker Ather Energy announced plans to enter the auto insurance space by incorporating a wholly-owned subsidiary that will operate as a corporate agent, according to an exchange filing on Friday.

The new entity will offer auto insurance to Ather customers across India in partnership with multiple insurers, the company said. The move is aimed at streamlining insurance offerings, improving customer experience, and creating a recurring revenue stream by leveraging Ather’s user base, it added.

Bringing insurance distribution in-house…



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Ather Energy readies auto insurance foray with new subsidiary



Electric two-wheeler maker Ather Energy announced plans to enter the auto insurance space by incorporating a wholly-owned subsidiary that will operate as a corporate agent, according to an exchange filing on Friday.

The new entity will offer auto insurance to Ather customers across India in partnership with multiple insurers, the company said. The move is aimed at streamlining insurance offerings, improving customer experience, and creating a recurring revenue stream by leveraging Ather’s user base, it added.

Bringing insurance distribution in-house…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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