Velotric and Oyster Partner to Deliver Seamless Bike Insurance for Customers

In addition to empowering Velotric customers to obtain insurance, Oyster says its platform also allows Velotric to provide a cohesive insurance program for its bike dealers across the U.S.

(Image source: Velotric website.)

Oyster, an InsurTech distributor, has announced a partnership with Velotric (Shenzhen, China/Carson, Calif.), a premium ebike company, has partnered with Oyster to provide seamless bike insurance to customers at the point of purchase.This partnership empowers Velotric to provide a differentiated experience and peace of mind when customers purchase premium ebikes through their eCommerce channel, fostering long-term customer relationships through insurance products, according to an Oyster statement.

Vic Yeh, CEO and Co-Founder, Oyster.

“Peace of mind is a top priority for our riders, especially when it comes to protecting their investment from theft and damage,” comments Eric Xu, Head of Customer Service, Velotric. “Through our partnership with Oyster, we provide a seamless insurance solution that lets our riders focus on the joy of riding without worry.”

In addition to empowering Velotric customers to obtain insurance, Oyster says its platform also allows Velotric to provide a cohesive insurance program for its bike dealers across the U.S., benefiting both the dealers’ businesses and customers, and ultimately elevating a secure and safe brand.

“We’re thrilled to partner with Velotric, whose team is known for delivering high-quality bike products and a superior customer experience,” comments Vic Yeh, CEO, Oyster. “We’re excited to help elevate their brand of safety with best-in-class insurance products.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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