Janardhan NWhat if your entire EV charging network was hacked tomorrow and millions of drivers were left stranded?
This isn’t a hypothetical scene. Cyberattacks on automotive and smart mobility products jumped 39% last year, and 60% of EV cybersecurity attacks in 2024 impacted millions of devices, including chargers, mobile apps, and vehicles.
If you run an EV company, you are more than just a car manufacturer. You are running a tech company, a software company, and a data company all at once. Every vehicle, every app login, and every charging session generates huge amounts of data.
Now imagine:
- A remote attack on your vehicle fleet affecting braking or steering systems.
- A ransomware hit on your charging network, shutting down operations overnight.
- Sensitive customer data leaked, leading to heavy regulatory fines and lawsuits.
The financial, operational, and reputational impacts of such cases can be devastating. Here’s why today, no business is truly hacker-proof, making cyber insurance essential for EV companies.
Mitgata: Leading Cyber Insurance Service Provider
With Mitigata, cyber insurance isn’t just a checkbox for compliance – it’s part of a larger resilience strategy for your EV ecosystem. We understand the unique cyber risks your company faces and offer you the best cyber insurance policy at competitive rates.
All thanks to our partnerships with leading insurer companies like HDFC ERGO, Bajaj Allianz, ICICI Lombard, Iffco Tokio and more.
Why do 800+ Companies Trust Mitigata?
Exclusive Access to Mitigata Console:
Beyond just an insurance policy, we give you visibility into your own risk surface. Our in-house Mitigata Console includes:
- Attack Surface Monitoring: Spot vulnerabilities across charging stations, telematics APIs, and connected vehicle systems.
- Phishing Simulation & Training: Train your workforce against phishing attacks that could compromise charging network credentials.
- Brand & Dark Web Monitoring: Detect if stolen firmware keys, customer credentials, or company data are being traded on the dark web.
- Phishing Risk Detection: Identify malicious domains impersonating your brand before they target your customers.
24/7 Expert Support: Get instant access to experienced cyber specialists anytime you need them. No waiting in endless ticket queues.
Transparent, Fair Pricing: What you see is what you pay. Our policies come with clear pricing and no hidden charges, so you can plan your costs with confidence.
Comprehensive, End-to-End Coverage: Our policies are designed to protect you at every step – investigation, legal defence, business interruption, and reputation repair.
Fast, Hassle-Free Claims: We make simple claims. Quick processing and minimal paperwork mean you spend less time chasing approvals and more time getting back to business.
Cyber Insurance for EV Companies Starting from ₹49,000/year*
Mitigata’s cyber insurance offers exclusive console access, 24/7 expert support, and full coverage for breaches or attacks, all available at best rates.
Common Security Concerns Faced by EV Companies
As EV companies blend automotive engineering with software and connected infrastructure, their risk surface expands dramatically. Here are the most critical cybersecurity threats EV companies face today:- Vehicle Control Hacking
- Data & Privacy Breaches
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- Charging Infrastructure Vulnerabilities
- Supply Chain Attacks
- Intellectual Property Theft
- Firmware & Software Update Exploits
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What does a cyber insurance policy cover?
First-Party Coverage
- Data Recovery and System Restoration
- Business Interruption Coverage
- Ransom Payment Coverage
Third-Party Liability
- Customer Data Breach Liability
Specific Add-Ons for EV Companies
Charging Infrastructure Protection Specialised coverage for EV charging networks protects against attacks on payment systems and billing manipulation. Connected Vehicle Cyber Protection Covers incidents where attacks compromise vehicle software, autonomous driving features, or in-vehicle systems. Tesla’s 2021 recall of 285,000 vehicles due to software vulnerabilities demonstrates the potential costs this specialised coverage addresses.Cyber insurance designed for EV companies building tomorrow
Mitigata connects you to top insurers, ensuring strong protection at best market rates with round-the-clock support and rapid claims processing.
What Cyber Insurance May Not Cover
Even the best policy has limits. Knowing these gaps helps EV companies avoid surprises when calculating their EV cyber insurance cost and EV cyber insurance premium:
Negligence or outdated systems: If your charging software runs on unpatched, old systems, an insurer may deny claims.
Pre-existing vulnerabilities: Issues discovered before the policy started, such as an already compromised IoT device in a vehicle, are usually not covered.
Certain contractual or supply-chain exclusions: If a third-party OEM partner fails on security and causes a breach, some insurers won’t cover the fallout unless you have specific add-ons.
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Conclusion
The reality is simple: as EV companies become smarter and more connected, hackers do too. A single breach can stop charging stations, compromise vehicle safety, and damage years of hard-earned trust.
This is why Mitigata is here. We don’t just sell insurance – we help EV companies stay protected with fair, transparent pricing, 24/7 expert support when things go wrong, and fast, hassle-free claims, so you can get back on track quickly.
Let’s make your EV business hacker-ready.
Talk to Mitigata’s cyber experts today and get the right cover for your company.
