Bharatsure Raises ₹6 Cr, Partners with Battery Smart to Launch First-Ever EV Station Insurance in India — Game-Changer for 70,000+ Drivers!

In a landmark move that could redefine the future of EV infrastructure, Bharatsure, India’s fastest-growing Insurtech Infrastructure-as-a-Service (IaaS) startup, has raised ₹6 crore in funding led by Inflection Point Ventures (IPV), with participation from Capital A and Atrium Angels.

But the real disruption? Bharatsure’s exclusive partnership with Battery Smart, India’s largest battery-swapping network for EV two- and three-wheelers, to launch the nation’s first natural calamity insurance for EV stations.

Why This EV Insurance Partnership is a Game-Changer

India’s growing EV ecosystem has long lacked one critical element — station-level insurance to protect against natural disasters like floods, fire, and earthquakes. Bharatsure’s new product changes that by offering:

Natural calamity cover (fire, storm, earthquake, flood)
Personal accident protection for station owners and operators
24x7 claims support and embedded onboarding assistance
Integration with Battery Smart’s 1,500+ EV stations and 70,000+ drivers in 50+ cities

“Our station partners are the backbone of India's EV revolution. This insurance empowers them with safety and stability,” says Sumi Jain, AVP at Battery Smart.

Bharatsure: India’s Most Promising Insurtech Rocket

Founded by CA & IIM/ISB alums Anuj Parekh and Sanil Basutkar, Bharatsure is rapidly scaling with:

• ₹6 Cr funding in 2025
• 2,00,000+ lives insured
• 10,000+ claims processed
• 4.9/5.0 Google Rating — among the highest in the insurtech sector
• CM3 profitability achieved in FY25 and aiming for EBITDA+ by FY26

Bharatsure aims to hit ₹100 Cr in revenue by FY28 and ₹1000 Cr by FY34, riding the wave of embedded insurance and B2B distribution models in India’s fintech space.

Why This Matters for India’s EV Ecosystem

As the government accelerates EV adoption, especially in Tier-2/3 cities, battery-swapping stations have become critical infrastructure. Yet, very few have financial safety nets. This partnership fills that gap with real-world protection that’s scalable, fast, and affordable.

For station operators—many of whom are small entrepreneurs—this coverage ensures that natural disasters don’t wipe out their livelihood.

EVINDIA Insights:

This move by Bharatsure addresses a critical risk gap in India’s EV infrastructure. As EV growth surges beyond metro cities, scalable protection for battery stations, drivers, and partners will define who leads the ecosystem. Bharatsure and Battery Smart are two steps ahead—insuring not just machines, but the people and power behind India’s clean mobility future.