BLive Joins Hands With India’s Top InsurTech Platform, ID VERSE

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  • BLive, one of India’s leading multi-brand EV platforms, offers a comprehensive EV range and omnichannel experience
  • IDVerse empowers over 30 Indian brands with a user-friendly Plug & Play insurance SAAS platform, streamlining insurance distribution for licensed intermediaries swiftly

BLive, one of the nation’s fastest-growing multi-brand EV platforms, has entered into a strategic partnership with IDVerse, an affiliate of InsuranceDekho. This collaboration is poised to provide a one-stop insurance solution for BLive’s customers, leveraging the strength of BLive’s digital presence across Tier 2, 3, and 4 cities.

BLive, already established in over 20 locations in Tier 2 and 3 cities and set to expand to 100 stores by FY24, is dedicated to accelerating EV adoption. This partnership now enables customers to conveniently visit a BLive store and choose insurance coverage tailored to their EV requirements.

The collaboration between BLive and IDVerse benefits both B2C and B2B EV customers. Their aim is to sell 15,000 insurance policies and generate a premium of 8-10 Crores in FY24, contributing to the growth of the EV sector.

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Speaking about the collaboration, Samarth Kholkar, CEO & Co-Founder of BLive, expressed their enthusiasm for the partnership with IDVerse. He stated that they were excited to work with IDVerse to provide insurance convenience to EV customers purchasing at BLive stores. Samarth Kholkar emphasized their commitment to ensuring that every EV consumer had access to choice, expert support, and ease of ownership.

He also highlighted that 2023 marked an exciting year for BLive as they aimed to deploy more than 15,000 EVs, including a mix of e2W, e3W, E-Cycles, and E-kick scooters, with the goal of promoting sustainability in the growing fleet operator market. Furthermore, Samarth Kholkar mentioned that IDVerse had become the preferred partner for both BLive and their customers.

Ankit Agrawal commented on the partnership, stating that they had made significant progress with IDVerse as they continued to disrupt the Insurtech sector in India. He mentioned that they were introducing global standards technology, bank-grade security, and excellent partner practices, ultimately setting new benchmarks in the end-user experience.

Ankit expressed excitement about embarking on this journey with BLive and jointly expanding the reach of EVs and EV insurance throughout India, a country known for its exceptional diversity.

IDVerse, which currently powers insurance for 30+ brands across India, offers a Plug & Play insurance SAAS platform that enables IRDAI licensed intermediaries to commence insurance distribution within a matter of days with minimal technical effort.

BLive is one of India’s first multi-brand EV platforms, offering a wide range of EV products and services on a digital platform. With over 40 brands listed on its platform, BLive offers an omnichannel experience to its buyers – an online E-commerce store and Premium experience stores pan India.

Driving its vision to accelerate the adoption of EVs – BLive is rapidly expanding its presence pan India to 100 premium Multi-brand Stores by ’24 offering E-Scooters/ E-cycles/ Delivery Ebikes and many more unique form factors. BLive facilitates EV adoption for personal usage as well as businesses by providing seamless charging infrastructure, Post sales service as well as easy finance options to its customers.

IDVerse is an affiliate of InsuranceDekho; it was incubated within India’s leading Auto-tech and IPO bound Unicorn – CarDekho Group. ID verse enables the users on its partner’s platforms to search and compare different insurance policies based on their requirements and helps them purchase the most suitable plan.

ID Verse currently has tie-ups with 46 insurance companies offering more than 400 plans on its partner’s platform. ID VERSE is headquartered in Gurgaon.


(This article is assisted by Chat GPT)

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