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Electric two-wheeler manufacturer Ather Energy has entered the insurance distribution business with the incorporation of a wholly owned subsidiary named Ather Insurance Limited. The company disclosed the development in a stock exchange filing dated May 27, 2026.
The newly incorporated entity has been established in India and will primarily operate as a corporate agent for offering and facilitating insurance policies. Ather Energy had earlier informed stock exchanges in December 2025 about its plans to set up a dedicated subsidiary for this business segment.
According to the filing, Ather Insurance Limited will be fully owned by Ather Energy through subscription to the initial paid-up share capital in cash. The shares have been subscribed at a face value of Rs 10 per share.
The company clarified that no regulatory approvals were required for the incorporation of the subsidiary. However, approvals from the Insurance Regulatory and Development Authority of India (IRDAI) will be mandatory before the company can commence operations.
Ather Energy stated that the new subsidiary has been created to manage insurance-related services through a separate entity structure while continuing to remain under the company’s full ownership and control. The move is also aimed at offering customers improved financial and insurance-related solutions alongside its electric mobility products.
