Mumbai, Dec. 19 -- Bengaluru-based electric vehicle maker Ather Energy has confirmed its plans to enter the auto insurance services space by incorporating a wholly-owned subsidiary that will operate as a Corporate Agent.

The move is part of the EV maker's plans to owmake nership experience more seamless, by providing auto insurance policies, in partnership with multiple insurers. This will also provide a recurring revenue stream by leveraging its existing user base.

Ather Energy also aims to innovative around EV-specific insurance products, simplify renewals and also improve attach rates over time.

Ravneet Singh Phokela, Chief Business Officer, Ather Energy,said,"We have always believed that a good ownership experience goes beyond the ...