Bengaluru-based electric two-wheeler maker, EVeium has announced its partnership with Reliance General Insurance to provide easy insurance services for EV-scooter buyers.
Following the tie-up, Reliance General Insurance will exclusively provide motor insurance to all EVeium customers. Since its launch in India in June 2022, EVeium has been getting an overwhelming response from EV Buyers in the country.
The brand has been on an aggressive launch spree, announcing three electric scooters within a month- Czar, Comet, and Cosmo.
Speaking on the partnership with Reliance General Insurance Aditya Reddy, VP, Marketing & Sales, EVeium said, “We are strengthening the services and product portfolio from all the facets. We already announced the new manufacturing plant and investment plans in the pipeline. Our three products are already on road getting an overwhelming response. While we move ahead in sync with the strategy, this association with the very reputed Reliance General Insurance is another milestone achieved. We aim at growing aggressively to serve the customers and play an active part in the e-Mobility mission.”
Commenting on the development, Anand Singhi, Chief Distribution Officer, Reliance General Insurance said, “The electric 2-wheelers penetration in India is expected to rise from 2% in FY21 to 10-15% by FY26. With such projections and growing demand, we see a great scope for us to be an enabler in the space. As the nation makes the responsible shift towards e-Mobility for a better and greener future, we have an equally significant contribution to make in the process. Our partnership with EVeium reflects our commitment and is aimed at achieving those goals.”
EVeium targets manufacturing at least 40,000 units in the first phase of the plant launch itself. The Company is also aggressively working to create the charging and Battery swapping infrastructure aligned with the Indian government’s vision to achieve EV Transformation in the country.