Roadzen’s solution is crafted to tackle the underwriting challenges associated with electric vehicles. Credit: nrqemi / Shutterstock.

Indian insurtech Roadzen has partnered with compatriot Simple Energy, an electric vehicle company, and a global reinsurer to offer extended warranties for Simple Energy’s electric scooters.

This partnership offers an integrated warranty and claims process through the Simple Energy app.

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The global reinsurer involved in the partnership provides the underwriting capacity and will be responsible for settling claims.

Known for its electric scooter, the Simple One, Simple Energy focuses on the development of EV components, including “long-lasting” batteries.

The company aims to improve the driving experience of EVs in comparison to internal combustion engine vehicles (ICE).

The manufacturing of Simple Energy’s electric vehicles takes place in Tamil Nadu, India.

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As the programme administrator, Roadzen leverages an AI-powered technology platform to streamline the purchase-to-claims process for customers of Simple Energy.

The platform handles policy pricing and issuance, premium collection, and real-time claims processing in various currencies.

This solution is crafted to address the underwriting challenges associated with electric vehicles.

Simple Energy CEO Suhas Rajkumar said “With Roadzen’s innovative use of AI technology, we are able to offer our customers a seamless, future-ready warranty solution that ensures the long-term performance and reliability of their EVs.

“This collaboration is crucial in enhancing our customer experience, providing an integrated warranty and smooth claims process directly through the Simple Energy app, bringing peace of mind to our customers at their fingertips.”

Roadzen CEO Rohan Malhotra stated: “We are using AI to streamline pricing and to adjudicate claims, giving Simple Energy’s customers complete peace of mind. By partnering with insurers and reinsurers, we’re able to scale this solution for a fast-emerging EV two-wheeler market that we expect to grow significantly in the coming years.”