Electric vehicle manufacturer Ather Energy Limited has entered the insurance segment with the incorporation of a wholly owned subsidiary, Ather Insurance Limited.
In a regulatory filing, the company said the subsidiary was incorporated in India on 27 May 2026. The move follows an earlier board approval disclosed by the company in December 2025.
According to the filing, Ather Insurance Limited has been established to offer and facilitate insurance policies as a corporate agent. The company added that it will obtain the necessary approvals from the Insurance Regulatory and Development Authority of India (IRDAI) before commencing operations.
Ather Energy has subscribed to 100 per cent of the initial paid-up share capital of the subsidiary through cash consideration. The shares were subscribed at a face value of INR 10 each, giving the company complete ownership and control over the newly incorporated entity.
The development marks Ather Energy’s expansion beyond electric mobility as it looks to strengthen its customer ecosystem through allied financial and insurance services.
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