Follow India Renewable Energy News on WhatsApp for exclusive updates on clean energy news and insights
Bharatsure Raises INR 6 Cr, Partners with Battery Smart to Launch EV Infrastructure Insurance
Jul 25, 2025
Insurtech startup Bharatsure has secured INR 6 crore in funding from Inflection Point Ventures (IPV), Capital A, and Atrium Angels. The company, offering Infrastructure-as-a-Service (IaaS) insurance solutions, is revolutionizing insurance delivery through embedded and group insurance platforms for ecosystem partners. With revenues doubling in FY25 and break-even at CM3, Bharatsure is targeting INR 100 crore revenue by FY28 and INR 1000 crore by FY34.
Coinciding with this fundraise, Bharatsure has partnered with Battery Smart—India’s largest battery-swapping network for electric two- and three-wheelers—to introduce natural calamity insurance for its 1,500+ station partners across 50+ cities. The plan includes protection against fires, floods, earthquakes, storms, and personal accident coverage, aiming to secure livelihoods and ensure continuity in India's EV infrastructure.
Mitesh Shah of IPV praised Bharatsure’s futuristic insurance offerings tailored for the evolving EV landscape, while co-founder Anuj Parekh emphasized the social and financial importance of insuring the individuals enabling India’s clean mobility transition. Battery Smart AVP Sumi Jain echoed this, noting the initiative strengthens the company’s robust safety ecosystem, which already includes 24x7 support, training, and awareness drives.
As EV adoption accelerates in India, especially among two- and three-wheelers, battery swapping infrastructure has become vital. This collaboration marks a significant step in bridging insurance innovation with sustainable transport growth.