Dev Insurance News Today

EV Startup: Vidyut, a full-stack EV ecosystem startup, has raised $10 million in a Series A round. The startup aims at facilitating easier EV ownership for small and large businesses by offering solutions such as EV insurance, lifecycle management and EV resale.

The company said it aims to double the headcount by the end of next fiscal as it prepares to build a full-stack EV ecosystem and that it will utilise the fresh capital to scale its offerings to the EV ecosystem.

Ev Insurance: Navigating Indias Shift to Green MobilityAligned with the government’s initiatives to promote EV adoption, India is actively working on establishing a comprehensive public charging infrastructure. As EV owners benefit from the growing convenience and availability of charging stations nationwide, this collaborative effort not only accelerates EV adoption but also emphasises the cooperative spirit driving sustainable transportation forward.

Buying insurance covers is crucial for consumers as electric cars tend to be more expensive than conventional fuel-powered ones. As a result, the cost of insuring an EV is typically higher compared to conventional fuel-powered ones.

With petrol and diesel prices reaching Rs 100 per litre, more people are opting for EVs to save on vehicle expenses. However, there are other costs to consider, such as higher insurance premiums and the expensive replacement of EV batteries. Additionally, charging time and infrastructure remain significant challenges for EV owners.

Ev Tax Benefit: With festival season around the corner, the figures are expected to increase significantly. Due to the fact that petrol and diesel are around INR 100 mark and are less likely to fall in the future, people are increasingly gravitating towards EVs to reduce their expenditure on vehicles.

The Delhi High Court has stated that existing regulations regarding mandatory insurance, wearing headgear, and penalties for non-compliance apply to electric vehicles. The court directed the Delhi government to ensure timely disbursement of subsidies for electric vehicles. The court dismissed a public interest litigation (PIL) seeking compulsory insurance and helmet-wearing for electric two-wheelers, stating that the claims were unsubstantiated.

Industry experts believe that the demand for electric vehicles will continue to increase in the coming years

ZenDev Expands Into Risk Management and Creative Design Share Article ZenDev announced that they have acquired an Insurance Brokerage AND expanded its operations into Creative Design to become a market leader in strategic consulting by enhancing its offering into three pillars. The new three pillars of ZenDev are Strategy Development, Risk Management, and Creative Design. MESA, Ariz. (PRWEB) May 09, 2021 ZenDev, a leading strategi...