By 2026, over a million electric vehicle owners will be on the hook to cover the costs of fixing and repairing vehicles fully out-of-pocket. While manufacturers are making improvements to make EVs more reliable, the lack of extended protection plans and repair options can lead to astronomical out-of-pocket costs and frustrated owners.
That’s why at Amber, our team has been working hard for several months to provide extended warranty plans and repair services for the most important high voltage components of an EV. Unlike traditional extended warranty programs, Amber’s EV care program was designed with the top EV technicians and communities to be tailored for the EV ownership experience.
Amber is a seed-stage startup led by an experienced group of operators at the intersection of insurtech (Metromile; NYSE: LMND), mobility (Samsara; NYSE: IOT), and automotive (Hyundai), (Tesla; NASDAQ: TSLA).