AveragePenny
3週前
Roadzen Expands U.S. Footprint with $1.2 Million Embedded Roadside Contract
https://www.globenewswire.com/news-release/2026/06/18/3314086/0/en/roadzen-expands-u-s-footprint-with-1-2-million-embedded-roadside-contract.html
NEW YORK, June 18, 2026 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced that its wholly owned U.S. roadside assistance subsidiary, National Automobile Club (NAC), has signed a commercial contract valued at approximately $1.2 million in annual revenue with a U.S. provider of digital assistance, mass insurance, and extended warranty programs. The agreement names NAC as the exclusive roadside assistance provider embedded within the client's consumer mobile application, serving a base of more than 500,000 users.
The contract reflects a structural shift in how roadside assistance is distributed and consumed. Rather than routing customers through legacy call-center or membership-card channels, the engagement is natively digital from first contact to job completion — initiated, tracked, and closed entirely within the client's app. Any user needing roadside help reaches NAC instantly as the default in-app function, without leaving the digital environment.
The deployment runs on StrandD, Roadzen's AI roadside orchestration platform. StrandD deploys AI agents that orchestrate the full service lifecycle — from incident reporting and provider matching to real-time GPS tracking, ETA management, and job closure. Its API layer is purpose-built for embedded deployments, allowing digital platforms to offer premium white- labeled roadside experiences without building or maintaining the underlying logistics infrastructure.
Behind StrandD sits NAC's nationwide network of service providers across the United States, Canada, and Latin America. That network density and dispatch capability ensure consistent, timely service regardless of location, translating the app's digital promise into a reliable outcome on the road.
"Roadside assistance is going embedded, invisible, and entirely digital — and NAC is built for that shift," said Rohan Malhotra, Founder and CEO of Roadzen. "The membership card and the call center are giving way to seamless in-app experiences orchestrated in the backend by AI agents, and we see this model as highly replicable across other distribution partners."
"This contract advances our top growth priority: the United States, our most strategic market," Malhotra added. "By combining EliteCover's MGA operations, NAC's nationwide service network, and our AI, we've stitched together a full-spectrum capability — spanning underwriting, distribution, claims and roadside — that is uniquely positioned for commercial and enterprise fleet contracts such as this. Our goal is to make the U.S. Roadzen's largest market over the next two to three years, and every contract like this moves us closer.”
AveragePenny
1月前
$RDZN Roadzen Set to Join Russell 2000® and Russell 3000® Indexes in June 2026 Reconstitution
https://www.globenewswire.com/news-release/2026/05/27/3302101/0/en/Roadzen-Set-to-Join-Russell-2000-and-Russell-3000-Indexes-in-June-2026-Reconstitution.html
NEW YORK, May 27, 2026 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced that it has been named to the preliminary additions list for the Russell 2000®, Russell 3000® Indexes as part of the 2026 annual reconstitution of the Russell US Indexes. FTSE Russell published the preliminary list after the close of US markets on May 22, 2026. The reconstituted indexes take effect after the US market close on Friday, June 26, 2026.
Membership in the Russell 3000® Index includes automatic inclusion in the small-cap Russell 2000® Index and the applicable growth and value style indexes. Approximately $11 trillion in assets are currently benchmarked against Russell's US indexes, making the annual reconstitution one of the most consequential index events in the US equity calendar.
Roadzen's index inclusion coincides with a period of sustained commercial and product momentum across its global businesses. Since the start of the current fiscal year on April 1, 2026, key highlights include:
Underwriting capacity in the U.S. On April 30, 2026, Roadzen secured a letter of intent for a $30 million insurance capacity commitment from a leading U.S. carrier to bring AI to commercial auto insurance, backed by over $50 million in producer demand. The program is expected to scale to $50 million over three years and contribute approximately $6 million in revenue in Year 1.
Fleet safety scale. drivebuddyAI won a $2.5 million contract to deploy six-camera ADAS across a 3,000-truck fleet, with expansion potential to 10,000 vehicles over five years.
India claims mandate. VehicleCare secured a major claims mandate from one of India's largest insurers, expected to generate over $10 million in annual revenue.
OEM embedded insurance. Roadzen partnered with a top-10 global carmaker to deliver GAP insurance across the U.K. — its second major European OEM win following its September 2025 continental Europe partnership. Global Insurance Management, Roadzen's wholly owned U.K. subsidiary, secured several new contracts representing $2.5 million in projected annual revenue.
Claims-to-repair infrastructure. VehicleCare partnered with global auto parts network TISAG-TEMOT to build integrated claims-to-repair infrastructure in India.
IP expansion. drivebuddyAI was granted a patent for real-time detection and geo-mapping of hazardous road conditions, adding to its growing portfolio of AI vision IP.
Capital markets activity. On May 4, 2026, Roadzen priced an $8 million registered direct offering of ordinary shares to fund continued growth and execution to support the Company's commercial pipeline.
Rohan Malhotra, Founder and CEO of Roadzen, said: “Inclusion in the Russell indexes will help us drive broader institutional awareness and expand investor exposure on the back of continued commercial and AI innovation momentum across our global markets. We are grateful for the trust of our shareholders as we execute on our mission to transform auto insurance through artificial intelligence."
FTSE Russell determines membership for its Russell US Indexes primarily by objective, market-capitalization rankings and investability criteria, with rank day falling on April 30, 2026. The 2026 reconstitution marks the first year Russell US Indexes transition to a semi-annual reconstitution schedule, with preliminary additions and deletions lists communicated beginning May 22, with updates on May 29, June 5, June 12, June 18, and June 26. The newly reconstituted indexes take effect after US market close on June 26, 2026.
AveragePenny
2月前
$RDZN Roadzen’s VehicleCare Partners with Global Auto Parts Network TISAG-TEMOT to Build Integrated Claims-to-Repair Infrastructure in India
https://www.globenewswire.com/news-release/2026/05/06/3288923/0/en/Roadzen-s-VehicleCare-Partners-with-Global-Auto-Parts-Network-TISAG-TEMOT-to-Build-Integrated-Claims-to-Repair-Infrastructure-in-India.html
NEW YORK, May 06, 2026 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced that VehicleCare, its AI-powered vehicle repair platform, has entered a strategic partnership with TEMOT International, the Germany-based global network of automotive parts distributors.
The opportunity is significant. India's motor insurance market reached approximately US$13.2 billion in gross written premiums in 2025 and is projected to grow to US$21.4 billion by 2030 at a 10.25% CAGR, according to India Brand Equity Foundation (IBEF). The auto parts market it depends on is several times larger: India's automotive component industry recorded a turnover of US$80.2 billion in FY25, growing 9.6% year-over-year, with the domestic aftermarket alone at US$11.8 billion, per the Automotive Component Manufacturers Association (ACMA). ACMA projects the aftermarket will reach US$14 billion by 2028, supported by a vehicle parc of 340 million growing at over 8% CAGR. Every motor claim ultimately resolves through this far larger parts and repair economy — and today, the two operate as disconnected systems.
The VehicleCare–TISAG TEMOT partnership is designed to close that gap. By aligning TEMOT's distributor network with VehicleCare's garage connectivity, the collaboration enables demand aggregation, faster parts availability, and improved pricing economics for participating repair facilities. TEMOT's expansion model focuses on onboarding large, growth-oriented distributors to rapidly build local scale; VehicleCare complements this with access to an active network of garages requiring consistent, rapid access to genuine parts at cooperative purchasing-power pricing.
VehicleCare's platform connects garages through intelligent repair workflows, damage assessment, and repair coordination tools, generating real-time visibility into parts demand and consumption. This data layer allows TEMOT distributors to engage directly with high-volume repair facilities, while garages benefit from improved supply reliability, reduced repair cycle times, and lower costs.
"This partnership reinforces VehicleCare's role as a demand-side anchor in the vehicle repair ecosystem — delivering rapid repair timeline guarantees to insurers," said Rohan Malhotra, Founder and CEO of Roadzen. "By aggregating garage demand and aligning it with TEMOT's parts distributor network, VehicleCare is able to ensure scale, speed, and purchasing power advantages that are critical in a high-growth market like India. Sitting on top of all of this is Roadzen's AI agentic layer — the agents that coordinate claims, estimation, parts supply, repair availability, and insurance company approval in real time. That's what turns a network into an integrated claims-to-repair pipeline, and it's what we're delivering to the market."
"Meeting TEMOT members, shareholders, and parts suppliers in Istanbul made the commercial logic obvious," said Amit Kumar, Co-Founder of VehicleCare. "Our garages need consistent access to genuine parts at the right price, and TEMOT's distributors need a direct line to qualified, high-volume demand. Connecting the two through VehicleCare's platform gives both sides what they've been missing — and it gives insurers the repair cycle reliability they've been asking us for."
The partnership reinforces Roadzen's broader strategy of building AI infrastructure across the full insurance and mobility value chain — from underwriting and claims automation through repair execution. By owning the integration between claims, parts supply, and repair execution, Roadzen meaningfully enhances its per-claim margin profile, capturing economics that today leak across disconnected intermediaries. For insurers, the integrated model enables faster cycle times, tighter cost control, and verifiable repair quality. For OEMs and distributors, it creates a transparent, demand-aggregated channel into India's repair market.
AveragePenny
2月前
$RDZN Roadzen to Attend Nordics’ Leading Automotive Event VECS 2026 in Gothenburg on May 5–6
https://www.globenewswire.com/news-release/2026/05/01/3286176/0/en/Roadzen-to-Attend-Nordics-Leading-Automotive-Event-VECS-2026-in-Gothenburg-on-May-5-6.html
Roadzen will join senior AI, automaker and mobility executives at a private, invite-only reception hosted by Business Sweden at the World of Volvo on May 4, ahead of VECS 2026, the Nordics' flagship automotive conference, as Europe emerges as a major market for the Company on the back of two global OEM insurance wins and drivebuddyAI regulatory tailwinds ahead of the EU GSR 2144 and EU NCAP 2026 in-cabin safety mandates.
NEW YORK, May 01, 2026 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global leader in AI at the convergence of insurance and mobility, will join VECS 2026 — the Nordics' leading automotive conference — on May 5–6 in Gothenburg. Roadzen opens the visit on May 4 as an invitee at a private, invite-only reception hosted by Business Sweden, the country's trade and investment council, at the World of Volvo, convening senior executives from Sweden's automakers, suppliers, and capital partners.
Sweden anchors one of the most concentrated automotive engineering ecosystems in Europe. Volvo Cars, Volvo Group, Polestar, and the broader Nordic supplier base are setting global benchmarks for software-defined, electrified, and autonomous vehicles — making the country a strategic market for Roadzen's expanding European OEM and fleet business.
Europe is emerging as a major market for Roadzen across both its insurance and mobility platforms. The Company has secured embedded insurance mandates with two Tier-1 global automotive manufacturers — the first announced in September 2025 in continental Europe, and the second in April 2026 in the United Kingdom — establishing Roadzen as an insurance technology partner to the world's leading carmakers across two distinct European markets. Roadzen's drivebuddyAI Driver Monitoring System (DMS) is validated for compliance with the European Union General Safety Regulation (EU GSR 2144), ahead of the EU NCAP 2026 in-cabin safety mandate. drivebuddyAI is also fully compliant with India's AIS-184, making it the only AI-powered driver monitoring platform in the world validated across two major regulatory geographies.
VECS 2026 draws more than global senior leadership from OEMs, suppliers, and AI/mobility solutions providers, with confirmed attendees including senior executives from Volvo Cars, Volvo Group, Polestar, NVIDIA, and TRATON Group.
AveragePenny
2月前
Roadzen Secures LOI for $30 Million Insurance Capacity Commitment From Leading U.S. Carrier to Bring AI to Commercial Auto Insurance, Backed by Over $50 Million in Producer Demand
https://www.globenewswire.com/news-release/2026/04/30/3284742/0/en/roadzen-secures-loi-for-30-million-insurance-capacity-commitment-from-leading-u-s-carrier-to-bring-ai-to-commercial-auto-insurance-backed-by-over-50-million-in-producer-demand.html
Capacity expected to scale to $50 million over three years; program anticipated to contribute approximately $6 million in revenue in Year 1, scaling alongside capacity
Roadzen's U.S. producer and agency network has more than $50 million in committed premium demand for the program
NEW YORK, April 30, 2026 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global leader in AI at the convergence of insurance and mobility, today announced that its U.S. operations have signed a Letter of Intent (LOI) with a leading U.S. commercial insurance carrier for a dedicated commercial auto insurance program. The LOI contemplates $30 million in annual underwriting capacity in Year 1, scaling to $50 million over three years, supporting Roadzen's expansion in the U.S. commercial auto insurance market.
The proposed program is incremental to Roadzen's existing $25 million in U.S. underwriting capacity, which the Company continues to grow. The LOI is non-binding and remains subject to negotiation and execution of definitive agreements, including a binding authority agreement with the carrier, expected by June.
Under the contemplated arrangement, Roadzen's MGA would operate under delegated authority from the carrier to quote, underwrite, and bind commercial auto policies on the carrier's behalf. At full Year 1 utilization, which Roadzen expects to achieve given existing producer demand, the program is anticipated to contribute approximately $6 million in revenue, with revenue scaling alongside the capacity ramp to $50 million over three years.
Roadzen earns and recognizes MGA commissions and fees as revenues on premiums written through such programs, converting underwriting capacity directly into recurring revenue. The contemplated capacity is backed by Roadzen's established U.S. producer and agent network, which has already identified more than $50 million in committed premium demand for commercial auto coverage with established loss ratios — providing clear, near-term visibility into gross written premium deployment once definitive agreements are executed.
A defining feature of the program is the integration of Roadzen's drivebuddyAI platform across insured fleets. Vehicles written under the program are expected to be equipped with drivebuddyAI's computer vision and telematics technology for real-time risk management, driver behavior analytics, and continuous fleet monitoring. This embedded AI layer enables proactive loss prevention, sharper underwriting precision, and ongoing portfolio risk surveillance — capabilities that traditional commercial auto insurance programs lack.
Rohan Malhotra, Founder & CEO of Roadzen, commented, "Commercial auto insurance in the U.S. is a category where rates have been rising for years, and operators need partners who can help them manage risk rather than just price it. This LOI, paired with our existing capacity and integrated with drivebuddyAI and National Auto Club, allows us to offer carriers and fleets a fully integrated solution — underwriting, distribution, roadside assistance, claims, and AI-driven risk management in one stack."
Malhotra added: "The U.S. is the world's largest commercial auto insurance market and offers the best margins. With committed producer demand already in place, we are looking to grow the U.S. into Roadzen's largest market over the next three years."
Roadzen's technology integrates real-time telematics, computer vision, and predictive risk modeling to enable insurers to underwrite commercial transportation risks with greater precision than legacy methods allow. By combining drivebuddyAI on the vehicle with AI-driven portfolio monitoring at the program level, Roadzen delivers a closed-loop risk system — from individual driver behavior to aggregate fleet performance.
This LOI reinforces Roadzen's strategy of embedding its AI capabilities directly into the insurance value chain — operating not merely as a technology vendor, but as an integrated distribution, underwriting, and program management partner.
AveragePenny
2月前
$RDZN Roadzen’s VehicleCare Wins Major Claims Mandate from One of India’s Largest Insurers, Expected to Generate Over $10 Million in Annual Revenue
https://www.globenewswire.com/news-release/2026/04/27/3281629/0/en/roadzen-s-vehiclecare-wins-major-claims-mandate-from-one-of-india-s-largest-insurers-expected-to-generate-over-10-million-in-annual-revenue.html
NEW YORK, April 27, 2026 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global leader in AI at the convergence of insurance and mobility, today announced that VehicleCare, its wholly owned India-based workshop management and claims repair platform, has been selected under contract by one of India’s largest general insurers to process auto insurance claims across VehicleCare’s nationwide repair network.
The contract is expected to generate over $10 million in annual revenue for VehicleCare as claims volumes ramp across the insurer’s motor claims network. The contracting insurer is one of India’s largest general insurance companies, operating through more than 1,000 branches nationwide, with a motor portfolio spanning millions of policies and an annual motor claims pool of approximately $800 million across its business.
VehicleCare operates AutoSpace, one of India's leading workshop management software platforms, digitizing the end-to-end repair journey — from first notice of loss through to job completion — across a network of more than 1,200 verified workshops in metro, Tier-1, and Tier-2 cities nationwide. The platform serves insurers, fleet operators, and individual vehicle owners, and has already delivered a 30%+ reduction in loss costs versus OEM garages across more than 150,000 claims processed.
Under the contract, VehicleCare will act as a preferred repair partner for the insurer’s motor claims, delivering cashless repair services to policyholders within defined and guaranteed turnaround timeframes. The insurer gains end-to-end digital visibility into repair status, job cards, parts procurement, parts availability, repair approvals, and completion milestones through VehicleCare’s AutoSpace platform, while policyholders benefit from a seamless cashless repair experience across India.
Each workshop in the VehicleCare network operates under standardized repair protocols and is subject to ongoing performance monitoring, creating a quality framework that supports guaranteed turnaround commitments, cost control, and insurer-level compliance. The engagement represents one of the most significant insurer repair-network mandates awarded to VehicleCare to date and positions the platform to manage a meaningful share of motor claims activity for one of India’s largest insurance portfolios.
The contract validates the strategic thesis behind Roadzen’s acquisition of VehicleCare: combining AI-led claims automation with a nationwide physical repair execution network to create an integrated claims infrastructure platform for insurers. By connecting claims intake, repair triage, workshop allocation, parts procurement, cost control, and completion tracking into one digital operating system, VehicleCare extends Roadzen’s capabilities beyond software decisioning into real-world repair execution.
"Being selected by one of India's largest general insurers is a validation of everything VehicleCare has built — a technology platform that brings discipline, transparency, and accountability to what has historically been a very fragmented repair ecosystem," said Rohan Malhotra, Founder & CEO of Roadzen. "This contract directly supports the thesis behind our acquisition of VehicleCare: insurers do not just need better claims software; they need an integrated network that can manage repairs, control costs, guarantee turnaround times, and deliver a better customer experience at scale. With exposure to an approximately $800 million annual motor claims pool, we believe this engagement can generate over $10 million in annual revenue for VehicleCare as volumes ramp and become an important contributor to Roadzen’s India growth strategy.”
“This is a landmark win for VehicleCare and a major step forward in our mission to modernize India’s motor claims repair ecosystem,” said Arvind Verma, CEO of VehicleCare. “Large insurers need partners who can deliver scale, transparency, quality control, and guaranteed execution across thousands of claims and hundreds of cities. AutoSpace was built precisely for this purpose — to connect insurers, workshops, parts suppliers, and policyholders on one digital platform. We are proud to have been selected for a mandate of this size and believe it will demonstrate the power of VehicleCare’s nationwide network and technology-led operating model.”
The contract strengthens VehicleCare’s position as a critical part of India’s motor insurance repair infrastructure and creates a durable, claims-volume-linked revenue stream for Roadzen. The Company expects this engagement to serve as a platform for deeper insurer partnerships in India as general insurers increasingly digitize and outsource repair network management to technology-led platforms capable of delivering transparency, cost savings, guaranteed service levels, and improved policyholder experience.
AveragePenny
2月前
$RDZN Roadzen’s UK Subsidiary, Global Insurance Management, Secures Several New Contracts Representing $2.5 Million in Projected Annual Revenue
https://www.globenewswire.com/news-release/2026/04/22/3278985/0/en/Roadzen-s-UK-Subsidiary-Global-Insurance-Management-Secures-Several-New-Contracts-Representing-2-5-Million-in-Projected-Annual-Revenue.html
NEW YORK, April 22, 2026 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global leader in AI at the convergence of insurance and mobility, today announced that its wholly owned UK-based subsidiary, Global Insurance Management Limited (“GIM”), has closed several new commercial contracts that are collectively projected to contribute approximately $2.5 million in revenue over the coming twelve months.
The contracts span a diverse range of partners across the automotive finance, dealer, and fleet sectors in the United Kingdom and internationally, with GIM providing two core product lines — connected vehicle protection and a suite of GAP Insurance solutions across these client relationships. The programs are built on Roadzen’s Global Distribution Network (“GDN”), a technology platform that enables real-time policy pricing, issuance, payments, and claims management through a single integrated platform and embedded APIs, helping deliver seamless customer journeys with greater control and peace of mind.
The new wins build on the momentum from two major OEM contracts announced over the last two quarters and represent a meaningful expansion of Roadzen’s commercial footprint in the UK and Europe.
New Client Partnerships
The newly contracted clients, spanning vehicle finance brokerages, franchised dealer groups, independent automotive retailers, fleet operators, and affinity distribution partners, will each offer GIM’s products to their end customers through embedded and point-of-sale channels. While individual client names remain confidential and will be disclosed in due course where appropriate, the portfolio represents a meaningful broadening of GIM’s commercial footprint and distribution reach across the UK and select international markets.
Vehicle Finance Brokerages: Multiple award-winning independent brokerages providing retail and business finance across the UK, distributing connected vehicle protection and GAP products to their dealer and end-customer networks.
Franchised and Independent Dealer Groups: UK-based automotive retail groups offering GIM’s connected protection and GAP solutions as standard ancillary products at point of vehicle sale.
Fleet and Mobility Operators: Commercial fleet operators and mobility service providers integrating covert tracking and 24/7 recovery infrastructure into their vehicle management programs.
Affinity and Aggregator Channels: Distribution partners with large consumer or SME bases embedding GIM’s insurance products within their existing product suites.
“We are extremely pleased to see this momentum,” said Rohan Malhotra, Founder and CEO of Roadzen. “Together with the major OEM contracts we announced over the last two quarters, these new wins reflect a meaningful resumption of growth in the UK and Europe. The breadth of clients we are serving demonstrates the value of our technology and our unique position at the intersection of insurance and mobility. We are now seeing tailwinds across all of our global businesses — India, the U.S. and the UK — and we remain focused on executing against our growth goals for the year.”
AveragePenny
5月前
$RDZN Roadzen Reports Strongest Quarter in Two Years with $14.4 Million Third Quarter Revenue and Sixth Consecutive Quarter of Adjusted EBITDA Improvement
https://www.globenewswire.com/news-release/2026/02/12/3237674/0/en/Roadzen-Reports-Strongest-Quarter-in-Two-Years-with-14-4-Million-Third-Quarter-Revenue-and-Sixth-Consecutive-Quarter-of-Adjusted-EBITDA-Improvement.html
Roadzen delivers 18.8% revenue increase and reduces operating loss by 25.4% over prior-year quarter
Strategic wins, new contracts and acquisitions, expand Roadzen’s U.S. market presence and full-stack operating capabilities, reinforcing its position as a global AI leader at the intersection of insurance and mobility
Year-over-year Sequential Revenue Growth; Record Nine-Month Revenue
Q3 revenue increased 18.8% over the prior-year quarter and 4.9% from Q2 to $14.4 million; nine-month revenue rose 18.3% to $38.9 million, marking a record nine months and Roadzen’s best quarter in the last two years.
Operating Loss Continue to Materially Decline; Sixth Consecutive Quarter of Adjusted EBITDA1 improvement
Q3 operating loss narrowed to $(2.4) million from $(3.2) million in the prior-year quarter, a 25.4% year-over-year improvement. Adjusted EBITDA loss improved 67.1% year-over-year to $(0.59) million from $(1.8) million in the prior-year quarter.
Roadzen India Valued at Approximately $280 Million Following VehicleCare Acquisition and Balance Sheet Strengthening
The transaction establishes a standalone valuation of Roadzen’s India business at approximately $280 million, implying a look-through value of roughly $3.50 per share. In November, Roadzen reached an agreement in principle to extend its $11.5 million senior secured debt facility with Mizuho Securities USA, LLC from December 31, 2025 to June 30, 2027.
Strategic Acquisitions Expand Roadzen into a Global AI leader in Auto Insurance
During and subsequent to the quarter, Roadzen identified two highly strategic acquisitions—closing on EliteCover in the United States and signed an agreement to acquire VehicleCare in India—positioning the Company to operate across the full insurance value chain. EliteCover provides Roadzen with direct access to the approximately $80 billion U.S. commercial auto insurance market through its MGU platform, while VehicleCare will transform Roadzen into a full-stack, AI-driven motor claims operating system with direct control over repair execution, cycle times, and cost outcomes at scale.
AI Platform Scale and Precision Continue to Differentiate Roadzen Globally
Roadzen’s applied AI platform now processes over 3 million insurance claims annually, leveraging billions of real-world driving data points to deliver high-precision underwriting, claims automation, telematics, and driver monitoring at scale across global insurance and mobility markets.
______________________________
1 Adjusted EBITDA is a non-GAAP financial metric. See “Non-GAAP Financial Measures” at the end of this press release for more information, including a reconciliation to the nearest GAAP financial measure.
NEW YORK, Feb. 12, 2026 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its financial results for the three and nine-month periods ended December 31, 2025.
Commenting on the quarter financial accomplishment, Rohan Malhotra, founder and CEO of Roadzen, stated, “This quarter reflects the convergence of sustained business growth, expanding global customer adoption, and disciplined execution across Roadzen. We continue to secure new enterprise clients and multi-year contracts across North America, Europe, and India, while scaling existing deployments with insurers, automakers, and fleet operators. These wins underscore strong product-market fit across geographies and are driving both revenue growth and operating leverage.
Strategically, we have built capabilities that are increasingly difficult to replicate. EliteCover provides us with regulated access and distribution into the approximately $80 billion U.S. commercial auto insurance market, while VehicleCare gives us direct, on-the-ground control across repair execution. Importantly, our differentiation is rooted in real-world AI outcomes. Our domain-specific, mathematically rigorous models—trained on billions of real-world data inputs—deliver consistently high-precision decisioning across insurance and mobility workflows. This combination of proven AI accuracy, full-stack operating control, and global execution positions Roadzen as a leader in applied AI at the intersection of insurance and mobility.”
Roadzen’s CFO, Jean-Noël Gallardo, commented, “Q3 demonstrates the tangible results of disciplined execution. Revenue reached $14.4 million, up nearly 19% year-over-year, and operating losses continue to narrow as Adjusted EBITDA is now virtually at break-even. With operations nearing positive Adjusted EBITDA and capital managed prudently, Roadzen has significantly strengthened its financial position to support sustainable growth and drive long-term shareholder value.”
Third Quarter and First Nine-Months Financial Highlights:
Revenue and Key Performance Indicators:
Revenue for the third quarter totaled $14.4 million, a $2.3 million, or 18.8% increase over the same quarter last year and a sequential increase of approximately $0.7 million, or 4.9% over the second quarter.
Revenue for the nine months ending December 31, 2025, was $38.9 million, an increase of $6.0 million, or 18.3% over the same period last year.
Gross margin for the third quarter was 63.7% compared to 55.7% in the second quarter. For the nine-month period, gross margin improved nearly five points to 59.5% compared to 54.6% in the prior year.
As of December 31, 2025, Roadzen had 61 insurance customer agreements (including carriers, self-insureds and other entities processing insurance claims), 87 automotive customer agreements, and approximately 4,100 agents and fleet customer agreements. This compares to 34 insurance, 77 automotive and 3,700 agent and fleet customers as of December 31, 2024.
Roadzen brokerage business sold 149,810 policies during the third quarter for approximately $17.1 million of Gross Written Premium (“GWP”), compared to 77,326 policies in the prior fiscal year third quarter, producing $13.2 million of GWP.
In our IaaS business, 1,397,535 claims, roadside assistance and vehicle inspections were conducted during the three months ending December 31, 2025, an increase of approximately 100% compared to 698,657 for the same quarter last year.
Net Results:
Total operating expenses for the third quarter totaled approximately $16.7 million, primarily reflecting consolidation of the China joint venture.
Other expense totaled approximately $(7.1) million, including $5.2 million of non-cash fair value adjustments related to share price movements.
Net loss for the quarter totaled $(9.1) million, or $(0.12) per share, driven by non-cash fair value adjustments of $(0.07) per share.
Adjusted EBITDA loss for the quarter was $(0.59) million, compared to $(1.8) million in the prior-year quarter, marking Roadzen’s sixth consecutive quarter of sequential improvement.
Third Quarter Financial Developments
On October 6, 2025, the Company completed the final closing of its India subsidiary financing, raising an additional $2.5 million.
On November 4, 2025, Roadzen reached an agreement in principle with Mizuho Securities USA LLC, to extend the maturity of its $11.5 million senior secured debt facility to June 30, 2027.
Third Quarter Operational Highlights
DrivebuddyAI Developments:
Achieved EU GSR 2144 Driver Monitoring System validation by Applus IDIADA, expanding regulatory compliance beyond India AIS-184.
Surpassed 3.9 billion kilometers of real-world driving data, demonstrating over 70% accident reduction.
Secured five-year contracts with six Indian trucking fleets covering more than 1,500 vehicles, with deployment beginning March 2026.
Acquisitions:
EliteCover Acquisition – Entry into the $80 Billion U.S. Commercial Auto Insurance Market
On December 3, 2025, Roadzen acquired majority control of EliteCover, a U.S.-based licensed commercial auto insurance broker and Managing General Underwriter operating in California, Texas, Illinois, and New Jersey, with Lloyd’s of London Coverholder status. The acquisition provides Roadzen with a regulated underwriting and distribution platform to participate directly in the approximately $80 billion U.S. commercial auto insurance market. Combined with Roadzen’s AI-powered underwriting, telematics-driven risk management, automated claims, and integrated roadside assistance through National Auto Club, EliteCover enables an end-to-end commercial auto insurance offering operating on a commission- and fee-based model with no underwriting risk, generating 15-20% of premiums per policy plus fee income and profit share.
Subsequent Events
VehicleCare Acquisition – Full-Stack Motor Claims Control
Subsequent to quarter-end, Roadzen signed an agreement to acquire VehicleCare, an AI-powered vehicle repair and workshop aggregation platform. VehicleCare’s software-enabled network of over 350 workshops across India enables Roadzen to directly manage repair timelines, quality, and cost outcomes, delivering over 30% loss cost reduction versus OEM garages while materially improving cycle times, transparency, and fraud control.
The transaction values Roadzen’s India subsidiary at approximately $280 million, implying a look-through value of roughly $3.50 per Roadzen share. Roadzen expects to retain approximately 91% ownership of the India subsidiary and anticipates the acquisition will add approximately $10 million of high-margin revenue over the next twelve months.
AveragePenny
6月前
$RDZN Roadzen Announces Major Strategic Acquisition of AI-Powered Vehicle Repair Platform VehicleCare at CES 2026; Transaction Consideration Values Standalone India Business at ~$277 Million
https://www.globenewswire.com/news-release/2026/01/06/3213594/0/en/Roadzen-Announces-Major-Strategic-Acquisition-of-AI-Powered-Vehicle-Repair-Platform-VehicleCare-at-CES-2026-Transaction-Consideration-Values-Standalone-India-Business-at-277-Millio.html
Definitive Agreement for acquisition of VehicleCare is expected to extend Roadzen’s claims intelligence platform into on-ground repair execution, enabling end-to-end control over repair timelines, quality, and cost outcomes for insurers
VehicleCare is expected to contribute approximately $10 million of revenue over the twelve months following closing
Transaction consideration to be paid in stock at Roadzen’s India subsidiary, valuing Roadzen India at approximately $277 million (?2,495 crore, or ~$3.50 per share), representing an approximately 50% premium to Roadzen’s current public market price, with no dilution to shareholders at the Nasdaq-listed parent.
LAS VEGAS, Jan. 06, 2026 (GLOBE NEWSWIRE) -- On the opening day of CES 2026, Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global AI company operating at the intersection of insurance and mobility, announced it has entered into a definitive agreement to acquire VehicleCare, an AI-powered vehicle repair and workshop aggregation platform.
The acquisition is expected to mark a significant milestone in Roadzen’s evolution, positioning the Company to transform from a claims intelligence provider into a full-stack claims operating system that combines digital claims decisioning with physical repair execution. VehicleCare is a software-enabled automotive repair and claims execution platform built on a proprietary Workshop Management System (“WMS”). Rather than owning garages, VehicleCare aggregates and coordinates a national network of independent workshops through software, enabling scalable execution without asset ownership.
VehicleCare’s platform capabilities:
Connects vehicle owners, insurers, brokers, and workshops within a single end-to-end workflow
Routes approved claims directly from insurers into repair execution
Optimizes parts sourcing and labor allocation using AI
Tracks repairs in real time with full transparency and auditability
Delivers predictable turnaround times and consistent repair quality
VehicleCare’s national network in India includes 350+ independent workshops across 21+ states, serving 15+ insurers, 15+ brokers, and 10+ fleet operators. To date, VehicleCare has executed over 40,000 claims, achieving over 30% reduction in loss cost versus OEM garages, while delivering faster-than-benchmark repair outcomes with reduced fraud and cost leakage.
This execution layer is expected to enable Roadzen to offer insurers repair timeline guarantees, a capability that has historically been difficult to deliver reliably at scale. VehicleCare is currently breakeven under GAAP accounting on a standalone basis and is expected to contribute approximately $10 million of revenue over the next twelve months, with additional potential upside driven by expected integration synergies.
The transaction has been structured as an equity issuance at Roadzen’s India subsidiary level to VehicleCare’s shareholders, including its founders. Roadzen India subsidiary shares to be issued as consideration are expected to be valued at approximately $277 million, resulting in approximately 2% dilution at the India subsidiary level. The transaction is not expected to result in any dilution at the Nasdaq-listed parent company level, with Roadzen’s public parent expected to retain approximately 91.0% ownership of the India subsidiary once the transaction closes. The transaction is expected to close within approximately two weeks, subject to customary closing conditions.
Motor insurance claims globally face a persistent structural challenge: while insurers have digitized portions of claims processing, the physical execution of repairs remains fragmented, opaque, and difficult to control. Delays, inconsistent quality, inflated costs, and limited visibility during repairs continue to impact customer experience and loss ratios.
Roadzen operates at the claims intelligence layer, enabling insurers to assess damage, benchmark repair costs, detect fraud, and manage claims workflows using AI and data. VehicleCare operates at the repair execution layer, using software and AI to manage how vehicles are actually repaired on the ground. Together, Roadzen and VehicleCare are expected to offer insurers end-to-end ownership of the motor claims lifecycle — from digital decisioning to physical repair execution and outcome assurance — a differentiated capability that few platforms globally can deliver at scale.
Transaction Summary and Revenue Outlook:
Structure: Equity issuance at the India subsidiary level; no dilution at the Nasdaq-listed parent
India valuation: ~?2,495 crore (~$277 million; ~$3.50 per share), representing a ~50% premium to prevailing public market price of Roadzen’s public parent for the India business alone
Ownership impact: ~2% dilution at the India subsidiary level; Roadzen’s public parent expected to retain approximately 91.0% of the India subsidiary after this transaction
Revenue and Profitability: Expected to add approximately $10 million in revenue over the next twelve months post-closing and integration, and is expected to be profitable under GAAP accounting rules.
“This combination feels like a natural next step for us,” stated Arvind Verma, CEO of VehicleCare. “Roadzen’s platform allows us to build AI far beyond repair execution — across complex and under-digitized areas such as parts cataloging, repair intelligence, fleet operations, and large-scale execution workflows. These are massive global markets that are extremely difficult to solve in isolation. Together, we are excited to build the most comprehensive repair execution platform in India and, over time, expand into Roadzen’s global markets where scale and margins can be significantly higher.”
Rohan Malhotra, Founder and CEO of Roadzen commented, “We have known Arvind, Amit, and Inderjit – the founders of VehicleCare as exceptional operators over the last three years building critical digital infrastructure in the vehicle repair ecosystem. They have built a high-quality platform with deep, ground-level understanding of workshops, repair cycles, parts sourcing, insurer coordination, and on-the-ground sales execution — capabilities that are structurally difficult to replicate. Importantly, this transaction values our India business at a meaningful premium to our parent company’s current market price, and VehicleCare founders and investors are rolling their equity into Roadzen India, aligning themselves with the combined platform for the long-term. By bringing this execution layer into Roadzen, we are adding the final missing piece - transforming us into a full-stack claims infrastructure partner and advancing our ambition to become the global leader at the intersection of AI, insurance, and mobility.”
AveragePenny
6月前
$RDZN Roadzen to Showcase DrivebuddyAI as First-Time Exhibitor at CES 2026 (January 6 – 9)
https://www.globenewswire.com/news-release/2025/12/23/3209963/0/en/Roadzen-to-Showcase-DrivebuddyAI-as-First-Time-Exhibitor-at-CES-2026-January-6-9.html
NEW YORK, Dec. 23, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the intersection of insurance and mobility, today announced that its flagship driver-safety and in-cabin intelligence platform, DrivebuddyAI, will exhibit at CES 2026, taking place January 6–9, 2026 in Las Vegas, Nevada. Roadzen will showcase DrivebuddyAI at Booth 6373, Las Vegas Convention Center, West Hall.
At CES 2026, Roadzen will demonstrate DrivebuddyAI’s vision-led, real-time driver monitoring and risk intelligence platform, designed to reduce accidents, improve fleet safety outcomes, and support automakers and mobility operators as global safety regulations continue to evolve.
DrivebuddyAI’s presence at CES follows recent regulatory milestones, including validation under India’s AIS-184 driver monitoring standard and compliance with the European Union’s General Safety Regulation (GSR) 2144, positioning the platform for deployment across major global markets.
At the show, Roadzen will also demonstrate its end-to-end, vision-based safety model, trained on over 3.5 billion kilometers of real-world driving data and previously shown to deliver over 70% reduction in accidents across large commercial fleet deployments. The system operates as a closed loop learning platform, continuously improving as it encounters new driving environments, behaviors, and edge cases.
“CES has effectively become the world’s leading mobility technology showcase, and we’re excited to present DrivebuddyAI on that global stage,” said Rohan Malhotra, Founder and CEO of Roadzen. “This is a world-class, vision-first safety platform that is ready for prime time. Following strong adoption and regulatory validation in India and Europe, we’re excited to bring DrivebuddyAI to the U.S. market next.”
AveragePenny
7月前
$RDZN Roadzen Announces Successful Closing of Its Acquisition of U.S. Commercial Auto Managing General Underwriter EliteCover
https://www.globenewswire.com/news-release/2025/12/03/3198817/0/en/Roadzen-Announces-Successful-Closing-of-Its-Acquisition-of-U-S-Commercial-Auto-Managing-General-Underwriter-EliteCover.html
NEW YORK, Dec. 03, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) today announced the successful closing of its previously announced acquisition of majority control of EliteCover Insurance Solutions, Inc. (“EliteCover”), a licensed commercial auto insurance broker and managing general underwriter (MGU) operating across multiple U.S. states.
First announced October 29, 2025, the acquisition strengthens Roadzen’s position in the $80 billion in annual Gross Written Premiums (GWP) U.S. commercial auto insurance market by combining EliteCover’s underwriting authority, regulatory licenses, and distribution footprint with Roadzen’s AI, telematics, and automated claims capabilities. The transaction is non-dilutive and is expected to contribute over $8 million in annual revenues in the next twelve months, with 25%+ Adjusted EBITDA margins.
EliteCover is licensed in California, Texas, Illinois, and New Jersey, Lloyd’s of London Coverholder authority, and serves intermodal, freight, logistics, and mixed-use fleets through a national agency network. Since writing its first policy in February 2025, EliteCover has scaled to an annualized premium run-rate approaching $20 million, supported by more than 90 fleet clients and a pipeline of over 400 agencies representing more than $100 million in potential annual premiums. Roadzen and EliteCover are integrating DrivebuddyAI, xClaims, and GDN platforms to enable predictive underwriting, driver-risk scoring, real-time claims automation, and connected roadside assistance across all EliteCover programs.
Together, Roadzen and EliteCover bring a set of end-to-end capabilities unmatched in the U.S. commercial auto insurance market — AI-powered underwriting and claims, telematics-driven risk management, and integrated roadside assistance. With fleet insurance costs rising and inflation placing pressure across the sector, this technology-led model is essential to addressing the industry’s most pressing challenges.
“EliteCover’s strong fleet focus and disciplined underwriting approach align perfectly with Roadzen’s mission to modernize commercial auto insurance using AI,” said Rohan Malhotra, Founder and CEO of Roadzen. “Closing this transaction gives us a fully licensed MGU platform in the most important market in the world, expands our distribution reach, and accelerates our strategy to deliver data-driven underwriting and risk management at scale. We are also incredibly delighted to work with Arturo Agredano and Mike Margarian, exceptional founders with over 20 years of experience each in building hundreds of millions of dollars in annual GWP in this market.”
“We’re thrilled to join forces with Roadzen,” said Arturo Agredano, CEO of EliteCover. “Our shared vision is to build the next generation of commercial auto underwriting — where deep insurance expertise is strengthened by cutting-edge AI and telematics. With Roadzen’s technology and global reach, we are positioned to scale rapidly, support more agents and fleets nationwide, and transform the commercial auto sector.”
A full interview featuring Roadzen CEO Rohan Malhotra, COO Ankur Kamboj, and EliteCover CEO Arturo Agredano discussing the transaction can be viewed here:
TAG Financial Institutions Group acted as the exclusive investment bank on the transaction.
AveragePenny
8月前
$RDZN Roadzen Reports $13.7 Million Second Quarter Revenue, a 15.2% Improvement Over Prior Year Quarter, and Fifth Consecutive Quarter of Adjusted EBITDA Improvement
https://www.globenewswire.com/news-release/2025/11/14/3188242/0/en/Roadzen-Reports-13-7-Million-Second-Quarter-Revenue-a-15-2-Improvement-Over-Prior-Year-Quarter-and-Fifth-Consecutive-Quarter-of-Adjusted-EBITDA-Improvement.html
Improving Fiscal Q2 and Record Six-Month Revenue
Revenue increased 25.9% quarter-over-quarter and 15.2% year-over-year to $13.7 million; six-month revenue rose 18.0% to $24.5 million, reporting a record first half and best quarter in the last 12 months.
Sharply Reduced Net Loss and Fifth Straight Quarter of Adjusted EBITDA1 Improvement
Q2 net loss narrowed to $(2.1) million from $(21.8) million the same quarter last year, a 90.3% year-over-year improvement. Adjusted EBITDA loss improved to $(1.1) million from $(2.1) million from the prior year quarter — a 48.6% year-over-year improvement.
Balance Sheet Strengthened Through Premium Capital Raises
Over $9 million in additional capital was raised at premiums to market during the quarter, including funding at the India subsidiary level implying a $2 per share valuation for Roadzen’s Nasdaq share price.
Debt Extension Agreement in Principle – Post Second Quarter
In November, the Mizuho $11.5 million senior debt facility was agreed in principle to be extended from December 31, 2025 to June 30, 2027.
Series of Strategic Wins Strengthen Global Expansion
DrivebuddyAI achieved EU regulatory validation and surpassed 3.5 billion kilometers of real-world driving data. Roadzen also secured a major European OEM insurance mandate and signed a definitive agreement to acquire a majority interest in a U.S. commercial auto Managing General Underwriter, reinforcing its position as a global leader at the intersection of AI, insurance, and mobility.
NEW YORK, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its financial results for the three and six months ended September 30, 2025.
“This was a very strong quarter for Roadzen, building on the momentum from last quarter — both in business performance and in strengthening our balance sheet,” said Rohan Malhotra, CEO and founder of Roadzen. “We raised over $11.5 million in the last four months with minimal dilution to shareholders, from some of the world’s leading technology investors, delivered our fifth consecutive quarter of Adjusted EBITDA improvement, and achieved a 90.3% year-over-year reduction in net loss. Several key partnerships and contracts are set to come in, positioning us for accelerated momentum in the second half.”
Malhotra continued, “With over 3.5 billion kilometers of driving data powering DrivebuddyAI and more than 2.5 million claims and inspections processed annually through our platform, Roadzen now operates at a data scale unmatched in our industry. This depth of data and industrial knowledge in insurance is fueling our precision AI — built for mobility and insurance. We’ve asked our investors to track three things: our growth and path to breakeven, our leadership in innovation, and the addition of marquee client partnerships across geographies. We are confident we will deliver on these goals and continue to believe the Company is poised for sustained growth ahead.”
"This was a strong quarter for Roadzen, reflecting disciplined cost management and meaningful operational improvements. During the quarter, and with the subsequent final close of the India subsidiary funding, we continued to strengthen our balance sheet, providing the runway to reach operational cash flow breakeven,” stated Jean-Noël Gallardo, CFO of Roadzen Inc. “Following quarter-end, we agreed in principle with Mizuho to extend our debt facility, further enhancing our financial flexibility and removing a significant short-term liability. Combined with ongoing AI-driven efficiencies and targeted expense optimization, we are confident this momentum will drive continued margin expansion and stronger cash flow in the second half of fiscal 2026."
____________
1 Adjusted EBITDA is a non-GAAP financial metric. See “Non-GAAP Financial Measures” at the end of this press release for more information, including a reconciliation to the nearest GAAP financial measure.
Second Quarter and Year to Date Financial Highlights
Revenue and Key Performance Indicators:
Revenue for the second quarter totaled $13.7 million, increasing approximately $1.8 million, or 15.2%, over the prior year quarter. Revenue for the six months ended September 30, 2025 was $24.5 million, increasing approximately 18.0% over the same period last year.
As of September 30, 2025, Roadzen had 46 insurance customer agreements (including carriers, self-insureds and other entities processing insurance claims), 80 automotive customer agreements, and approximately 3,900 agents and fleet customer agreements. This compares to 34 insurance, 74 automotive and 3,550 agent and fleet customers as of September 30, 2024.
Roadzen’s brokerage business sold 116,528 policies during the second quarter generating $12.4 million of Gross Written Premium (“GWP”), compared to 70,618 policies in the same quarter last year, which produced $10.1 million of GWP.
In our IaaS business, 754,207 claims, roadside assistance and vehicle inspections were conducted during the three months ending September 30, 2025, compared to 607,577 for the same period in the prior year.
Gross margin for the quarter ended September 30, 2025 was 55.7% compared to 56.1% reported in the same quarter last year.
Net Results:
Net loss for the second quarter totaled $(2.1) million or $(0.03) per share, compared to a net loss of $(21.8) million or $(0.32) per share in the same quarter last year, which included approximately $19.7 million of non-cash, non-recurring and other extraordinary items.
Fiscal year to date, net loss totaled $(6.1) million or $(0.08) per share, compared to a net loss of $(70.2) million or $(1.03) per share in the same period last year.
Adjusted EBITDA loss for the quarter was $(1.1) million compared to a loss of $(2.1) million in the same quarter last year, and a loss of $(1.4) million for the first quarter of fiscal 2026. This second quarter marks Roadzen’s fifth sequential improvement in quarterly Adjusted EBITDA.
Other Financial Developments
On November 4, 2025, Roadzen reached an agreement in principle with Mizuho Securities USA LLC to extend the maturity of our existing $11.5 million senior secured debt facility by 18 months – from December 31, 2025 to June 30, 2027 – with no other change to the debt structure.
During the second quarter, Roadzen secured $9 million in additional capital through several transactions, each accomplished at a premium to market, including:
$2.25 million private placement from some of the Company’s largest shareholders at a 20% premium to the closing price;
$2.25 million registered direct offering from an institutional investor completed on the back of the first fund raise; and
$4.5 million raised through the first tranche of its India subsidiary financing, subsequently upsized to $7 million due to strong investor demand. The upsized transaction valued the subsidiary at $91 million post-money, implying approximately a $2 per share for Roadzen’s Nasdaq-listed shares. The round was led by marquee institutional investors including Team India, Quant AMC, Valentis Advisors, and Prime Securities Group, along with leading capital markets investors such as Utpal Sheth and Anand Jain.
Second Fiscal Quarter 2026 Operational Highlights
Contract and Partnership Announcements:
Roadzen announced its partnership with a top global two-wheeler (motorcycles and scooter) OEM to launch real-time connected roadside assistance for a new line of electric and connected vehicles across India. The OEM partner serves over 100 million vehicles globally, including more than 60 million two-wheelers in India and over 5 million new vehicles sold annually in the country where two-wheelers dominate the mobility landscape.
Subsequent Operational Developments
DrivebuddyAI Developments:
Roadzen’s DrivebuddyAI achieved official validation for its Driver Monitoring System (“DMS”) for compliance with the European Union General Safety Regulation (EU GSR 2144) by the authorized testing laboratory Applus IDIADA in Barcelona, Spain. This certification expands DrivebuddyAI’s regulatory compliance footprint beyond India’s AIS-184 standard, making it the only AI-powered driver monitoring platform validated under both Indian and European regulations. The validation comes ahead of the EU NCAP 2026 mandates requiring in-cabin driver monitoring for all new vehicles beginning July 2026.
DrivebuddyAI’s dataset surpassed 3.5 billion kilometers of real-world driving data—nearly doubling in just four months. This extensive data has consistently demonstrated a 70%+ reduction in accidents, validating the platform’s ability to improve driver behavior, fleet safety, and risk management for insurers and mobility operators worldwide.
DrivebuddyAI secured five-year contracts with six leading small and medium sized trucking fleets in India to equip over 1,500 Volve and BharatBenz vehicles with its advanced Driver Monitoring System and Collision Warning AI. Valued in the mid-seven figures (USD), the deals include hardware, subscription-based software, and 24-7 Command Centre for real-time driver oversight and accident prevention. Full deployment is slated for March 2026.
Contract and Partnership Announcements:
Roadzen was awarded a mandate to serve as a Managing General Agent for one of the world’s top five auto manufacturers to manage its insurance program in a major European market, representing over $20 million in annual GWP. Roadzen will manage administration, claims, and payments for the automaker’s insurance operations, earning fees that are expected to contribute more than 15% of GWP as recurring revenue to Roadzen. Expected to launch next quarter and powered by Roadzen’s Global Distribution Network, the agreement will deliver fully embedded digital policy management, automated claims, and real-time analytics, integrated seamlessly into the automaker’s ecosystem.
Acquisition Announcement:
Roadzen signed a definitive agreement to acquire majority control of a U.S.-based commercial auto insurance broker and Managing General Underwriter operating in California, Texas, Illinois, and New Jersey, with Lloyd’s of London Coverholder status. The business, which reached a $15 million annualized premium run rate within seven months, serves 90+ fleets via an expanding network of 300+ agents and adds six new carrier relationships.
Post-closing, it will integrate its offerings with DrivebuddyAI and National Auto Club, combining telematics, roadside assistance, claims, and insurance distribution into a uniquely positioned U.S. commercial auto platform. Operating on a commission- and fee-based model with no underwriting risk, it earns 15–25% of premiums per policy, plus fee income and profit share. The acquisition is expected to close this quarter, is non-dilutive, projected to generate $30 million+ in annual premiums and $8 million in revenues with a 25% net margin in the first year, and scale to $150 million GWP with 25%+ net margins within three years, establishing the U.S. as Roadzen’s second-largest market.
AveragePenny
8月前
$RDZN Roadzen and Mizuho Agree to Extend Maturity of Senior Secured Facility by 18 Months to June 30, 2027
https://www.globenewswire.com/news-release/2025/11/04/3180296/0/en/Roadzen-and-Mizuho-Agree-to-Extend-Maturity-of-Senior-Secured-Facility-by-18-Months-to-June-30-2027.html
NEW YORK, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the intersection of insurance and mobility, today announced that it has reached an agreement in principle with Mizuho Securities USA LLC (“Mizuho”), a leading global investment bank and securities firm, to extend the maturity date of the Company’s existing senior secured notes.
Under the terms of the extension, the maturity of Roadzen’s $11.5 million senior secured notes will be extended by 18 months - from December 31, 2025 to June 30, 2027 - with no other change to the structure. The extension provides Roadzen with enhanced financial flexibility to support its global growth while removing a significant portion of short-term liabilities, thereby strengthening its capital structure. The senior secured notes accrue interest at 15% annually. Completion of the extension is subject to the execution of definitive agreements and customary closing conditions.
This announcement follows a series of significant milestones achieved by Roadzen in recent weeks:
DrivebuddyAI became the only driver monitoring system validated under both Indian and E.U. safety standards — a world first and major validation of Roadzen’s leadership in AI-powered driver safety.
The Company signed a definitive agreement to acquire a majority interest in a licensed U.S. commercial auto MGU and broker, expanding its footprint across key states and adding Lloyd’s Coverholder capabilities.
The Company secured a mandate with a top-five global automaker to manage its European insurance program, representing a $20 million annual premium opportunity.
Roadzen and Vodafone Automotive announced a partnership to launch embedded insurance programs across the UK.
Insiders and marquee global institutional investors invested at a significant premium to the market, signaling strong conviction in Roadzen’s long-term growth trajectory.
“Mizuho’s continued partnership is a strong vote of confidence in our execution,” said Rohan Malhotra, Roadzen’s Founder & CEO. “This extension gives us significant financial flexibility and is great news for our shareholders. I want to thank the Mizuho team for recognizing the work we’ve done in shaping the business and look forward to continuing to build on this strong partnership with them. We are working on all areas important to the business — restructuring the balance sheet, bringing in new global deals, and advancing our AI leadership and innovation across products. The last quarter saw new products, and commercial deals across each of our global markets, and now, with our senior lender extending its support, we have a great foundation for growth. It adds to a series of excellent wins for Roadzen— and we are not done yet. We believe the next year will be a marquee year for us.”
AveragePenny
8月前
$RDZN Roadzen Signs Definitive Agreement to Acquire Majority Control of a Commercial Auto Insurance Broker, Expanding Its U.S. Footprint
https://www.globenewswire.com/news-release/2025/10/29/3176323/0/en/Roadzen-Signs-Definitive-Agreement-to-Acquire-Majority-Control-of-a-Commercial-Auto-Insurance-Broker-Expanding-Its-U-S-Footprint.html
NEW YORK, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global leader in AI at the intersection of insurance and mobility, today announced that it has signed a definitive agreement to acquire majority control of a commercial auto insurance broker and managing general underwriter (MGU) operating across several U.S. states. The acquisition is scheduled to close within this quarter, subject to customary closing conditions.
The MGU is licensed to operate as an insurance broker across California, Texas, Illinois, and New Jersey, and serves small and mid-sized fleets through an expanding national network of agencies and producers. It also maintains Lloyd’s of London Coverholder status, enabling it to underwrite specialty transportation and commercial vehicle risks on behalf of Lloyd’s syndicates.
The U.S. commercial auto insurance market, estimated at $75–80 billion in annual premiums, is one of the fastest-growing segments in global non-life insurance. With rising claims and liability costs, regulatory complexity, and the growing adoption of telematics and AI, the market is primed for transformation. This acquisition provides Roadzen with a fully licensed, revenue-generating MGU platform to accelerate its U.S. expansion and deliver data-driven, AI-powered insurance solutions for commercial fleets.
“This acquisition is a strategic leap forward in Roadzen’s U.S. strategy,” commented Rohan Malhotra, Founder and CEO of Roadzen. “It strengthens our distribution, adds several new carrier relationships, and brings deep commercial-auto underwriting expertise and exceptional leadership talent. We are deeply impressed by this team — they are exceptional leaders who have built a high-performing business in record time, and we are proud to welcome them into the Roadzen organization.”
After issuing its first policy earlier this year, the business has grown to reach a $15 million annualized premium run rate as of September 2025. Following the closing, it is expected to be integrated with DrivebuddyAI and National Auto Club, combining telematics, roadside assistance, claims, and insurance distribution — creating a uniquely positioned platform in the U.S. commercial auto sector. Together, these operations are expected to drive growth to reach approximately $150 million in Gross Written Premiums (GWP) within three years while maintaining 25%+ net income margins.
The business operates on a commission-and fee-based model without underwriting risk, earning 15–25% of premiums as revenues per policy sold, plus additional fee income and profit share, while maintaining global underwriting capabilities through delegated authority with Lloyd’s of London and other leading insurance carriers.
Key Highlights and Synergies
$15 million annualized premium run rate achieved within seven months of launch
Adds six new insurance carrier relationships in the U.S. to Roadzen’s global platform
Expanding network of 300+ agents and producers representing over $100 million in potential annual premiums
Adds 90+ new commercial fleets as clients across the U.S.
Proven leadership team in sales, operations, and underwriting
Projected to scale to $150 million in GWP within three years through Roadzen synergies
Positions the U.S. as Roadzen’s second-largest market
“We are delighted to work with this leadership team and believe the acquisition will create tremendous strategic synergy with our technology and existing operations in the U.S. — a solid foundation on which to lead the transformation of the $75+ billion commercial auto insurance market,” added Malhotra. “We are reshaping how insurance is underwritten, how claims are settled, and how safety is improved on the road — powered by our AI. With the growth we’re seeing in India, a major global OEM partnership in Europe, and now this expansion in the U.S., we’re building on a series of wins that together mark the next phase of Roadzen’s journey — creating the world’s leading company at the intersection of AI, insurance, and mobility.”
Once all closing conditions are met and the transaction is completed, Roadzen will disclose the name of the acquired business.
AveragePenny
9月前
$RDZN Roadzen’s DrivebuddyAI Secures Six Major E-Commerce Trucking Fleet Clients in Nationwide Rollout Across India
https://www.globenewswire.com/news-release/2025/10/16/3167929/0/en/Roadzen-s-DrivebuddyAI-Secures-Six-Major-E-Commerce-Trucking-Fleet-Clients-in-Nationwide-Rollout-Across-India.html
NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced that its in-cabin intelligence platform, DrivebuddyAI, has signed contracts with six leading SME commercial trucking fleets in India to deploy its advanced Driver Monitoring System (DMS) and Collision Warning AI across more than 1,500 commercial vehicles.
The fleets—Rajam Logistics, DHIR Logistics, New Shree Bombay, ARL Logistics, and M10, among others—operate Volvo and BharatBenz trucks across middle-mile and long-haul cargo corridors. These fleets serve as third-party logistics (3PL) providers for major e-commerce players, where uptime, safety, and compliance are essential.
The contracts include five-year terms, covering full hardware installation and a monthly per-vehicle licensing fee for software and services. The total contract value is expected to be in the mid-seven figures (USD) over the full 5-year period, with all fleets expected to be fully operational with DrivebuddyAI by March 2026. Each vehicle is also connected to DrivebuddyAI’s 24×7 Command Centre, enabling proactive driver monitoring and real-time intervention using AI —including halting vehicles when signs of drowsiness or fatigue are detected, preventing accidents before they happen. Roadzen is also working with select fleet partners to integrate insurance-linked benefits, including safety-based premium discounts and streamlined claims management—a capability made possible through Roadzen’s unique combination of AI, telematics, and insurance infrastructure.
“DrivebuddyAI is gaining a lot of momentum — we are deploying thousands of aftermarket installations within commercial trucking,” said Rohan Malhotra, Founder & CEO of Roadzen. “This cluster of wins came through referrals within the Volvo and BharatBenz trucking fleet community, and shows how smaller, high-performing logistics players are adopting DrivebuddyAI to stay competitive. They’re doing it for safety, efficiency, and to meet the high bar set by India’s fast-scaling logistics networks. DrivebuddyAI’s success in the SME fleet market demonstrates the scalability of our technology and our commitment to the broader trucking ecosystem in India—where over 75% of commercial vehicles are owned by small and mid-sized operators. While large enterprise clients remain important, enabling small and medium fleet operators with affordable, high-performance safety solutions is essential to making India’s roads safer.”
DrivebuddyAI leverages real-time AI to monitor driver alertness, detect risky behavior, and deliver early collision warnings. It integrates seamlessly with existing telematics and fleet management systems, providing actionable insights that reduce accidents and drive continuous improvement in safety and operational performance.
This announcement builds on Roadzen’s momentum following DrivebuddyAI’s European debut at InCabin Europe 2025, where it was recognized for over 3.5 billion kilometers of real-world driving and a 70%+ reduction in accidents. DrivebuddyAI remains the only AI-based driver monitoring solution validated under both India’s AIS-184 and the EU’s GSR 2144 safety standards—underscoring its regulatory readiness across global markets.
AveragePenny
9月前
$RDZN Roadzen Wins Major Auto Insurance Mandate Worth More Than $20 Million in Annual Premiums from One of the World’s Largest Carmakers
https://www.globenewswire.com/news-release/2025/10/14/3166366/0/en/Roadzen-Wins-Major-Auto-Insurance-Mandate-Worth-More-Than-20-Million-in-Annual-Premiums-from-One-of-the-World-s-Largest-Carmakers.html
NEW YORK, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced that it has won a mandate to act as a Managing General Agent (MGA) for one of the world’s top five carmakers, managing its insurance program to be rolled out in a major European market.
The partnership, representing over $20 million in annual gross written premiums, marks a major milestone for Roadzen and underscores its expanding role as both a technology and insurance partner to global automakers. Roadzen will manage administration, claims, and payments for the automaker’s insurance operations, earning fees expected to contribute more than 15% of gross written premiums as recurring revenue for the Company.
The automaker selected Roadzen following an extensive evaluation process, reflecting confidence in the Company’s AI-driven technology, compliance standards, and operational excellence. The program, powered by Roadzen’s Global Distribution Network (GDN) platform, is expected to be launched next quarter and enables policy management, dynamic management information for claims and payments automation through an embedded digital framework seamlessly integrated into the automaker’s ecosystem.
“This partnership positions Roadzen to play an even greater role in transforming how insurance is delivered across global mobility ecosystems,” said Rohan Malhotra, Founder and CEO of Roadzen. “As vehicles become increasingly connected, and as carmakers digitize their insurance programs, our AI helps them power the full stack—from risk scoring and pricing to policy issuance and claims—now across 14 countries. We’re becoming an ideal partner to global carmakers. This is the future of auto insurance, and we’re proud to be helping shape it.”
AveragePenny
9月前
$RDZN Roadzen’s DrivebuddyAI Secures EU’s General Safety Regulation 2144 Compliance, Becomes the World’s Only Driver Monitoring System Validated Under Both Indian and EU Safety Standards
https://www.globenewswire.com/news-release/2025/10/07/3162602/0/en/Roadzen-s-DrivebuddyAI-Secures-EU-s-General-Safety-Regulation-2144-Compliance-Becomes-the-World-s-Only-Driver-Monitoring-System-Validated-Under-Both-Indian-and-EU-Safety-Standards.html
DrivebuddyAI crosses 3.5 billion kilometers of real-world driving data with 70%+ accident reduction, underscoring Roadzen’s global leadership in AI-powered driver safety
DrivebuddyAI to exhibit live at InCabin Europe 2025, October 7–9, in Barcelona (Booth C210)
NEW YORK, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced major milestones for its flagship driver-safety and in-cabin intelligence platform, DrivebuddyAI, marking a defining step in its global expansion.
DrivebuddyAI has received validation of its Driver Monitoring System (DMS) compliance with the European Union General Safety Regulation (EU GSR 2144) from the authorized testing laboratory Applus IDIADA in Barcelona, Spain. This milestone extends DrivebuddyAI’s regulatory footprint beyond India’s AIS-184 framework, making it the only AI-powered driver monitoring platform validated under both Indian and European standards. The validation comes ahead of the EU NCAP 2026 rollout, which mandates in-cabin driver monitoring across all new vehicles beginning July 2026.
DrivebuddyAI’s dataset has now surpassed 3.5 billion kilometers of real-world driving data—nearly doubling in just four months. This extensive data foundation has consistently demonstrated a 70%+ reduction in accidents, validating the platform’s ability to improve driver behavior, fleet safety, and risk management for insurers and mobility operators worldwide.
DrivebuddyAI’s new EU GSR 2144 compliance confirms adherence to Advanced Driver Distraction Warning (ADDW) and Driver Drowsiness & Attention Warning (DDAW) requirements—core components of the upcoming EU NCAP 2026 protocols. The validation, conducted by Applus IDIADA in both passenger cars and trucks under multiple test conditions, establishes DrivebuddyAI as one of the few globally verified, computer-vision-based Driver Monitoring and ADAS platforms. It complements the platform’s prior AIS-184 certification in India, solidifying DrivebuddyAI’s readiness for large-scale OEM and fleet integration across Europe, Asia, and the U.S., all powered by a unified global foundation model.
Roadzen will showcase DrivebuddyAI live at InCabin Europe 2025, held October 7–9, 2025, in Barcelona, Spain at booth C210. The event—the premier global forum for in-cabin safety and human-machine interface technologies—brings together over 1,200 executives, engineers, OEM, and Tier-1 decision-makers. Attendees will experience live vehicle demonstrations of DrivebuddyAI’s single-box multi-compliance solution, covering DMS, ADAS, ADDW, DDAW, and occupant monitoring in one integrated platform.
Nisarg Pandya, Head of Roadzen’s DrivebuddyAI, commented, “We’re proud to be the only company now ready for both European and Indian standards, independently validated by leading labs for two of the most important automotive markets in the world. The market is demanding a new level of technical capability and precision, as many existing systems struggle with excessive or inaccurate alerts. The need for greater accuracy and reliability is the true differentiator in real-world AI, and that’s exactly what we’ve built—fewer false alarms and trusted, real-world performance. With validated compliance for DMS and our single-box, five-compliance solution, we’re fully prepared for the EU market and excited to showcase it live at InCabin 2025 in Barcelona.”
Rohan Malhotra, CEO of Roadzen, added, “We’re building the world’s first truly global AI foundation model for road safety—a single, scalable solution that OEMs and fleets can deploy worldwide. Trained on billions of miles of diverse driving data and refined in the toughest road conditions in India, our AI is battle-tested and ready to perform anywhere.”
AveragePenny
9月前
$RDZN Roadzen Completes $7 Million India Financing Led by Marquee Indian Investors, Implying a Parent Company Valuation of $2 per Share — Nearly 100% Premium to Market
https://www.globenewswire.com/news-release/2025/10/06/3161660/0/en/Roadzen-Completes-7-Million-India-Financing-Led-by-Marquee-Indian-Investors-Implying-a-Parent-Company-Valuation-of-2-per-Share-Nearly-100-Premium-to-Market.html
With $11.5 Million Raised This Quarter, Roadzen Fully Funds Path to Adjusted EBITDA Breakeven
NEW YORK, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced the final closing of its previously announced India subsidiary financing, raising the full $7 million. The round, which was increased from $4.5 million due to strong investor demand, establishes a valuation of $91 million for the standalone India business.
India, which represents roughly 60% of Roadzen’s global business, provides an independent benchmark that implies a valuation of approximately $2 per share for the Nasdaq-listed parent — an almost 100% premium to its recent trading price and a strong signal of investor confidence in the company’s fundamentals.
The financing was led by leading institutions including Team India, Quant AMC, Valentis Advisors, Prime Securities Group, and also brought in marquee investors including Utpal Sheth and Anand Jain, among others. Structured as straight common equity, the raise resulted in no dilution to shareholders of the Nasdaq-listed parent company and approximately ~8% dilution at the subsidiary level.
Proceeds are expected to fuel Roadzen’s projected 50%+ revenue growth in India and accelerate its global AI initiatives, including DrivebuddyAI — the only government-validated ADAS platform positioned to capture more than one million new commercial vehicles annually under new AIS-184 safety mandates.
Rohan Malhotra, Founder and CEO of Roadzen, commented, “Completing this financing round at such a premium to our public market capitalization underscores the strength of Roadzen’s business and the confidence long-term investors have in our strategy. Our operations are now fully funded to achieve Adjusted EBITDA breakeven, which we expect to deliver by the quarter ending December 2025.”
Mr. Malhotra continued, “Our peers in India trade at 8–20x revenue multiples. Bringing in some of India’s top investors — who understand the market, believe in the story, and will help us grow the business — is a tremendous outcome. Given these comps, we believe our India business still remains undervalued, but this price discovery is an important milestone for our shareholders. With this strengthened capital base, we are positioned to scale aggressively in India and expand our AI leadership globally.”
Prime Securities Limited acted as the exclusive investment bank on the transaction.
tw0122
2年前
Revenue reached $46.7 million, an increase of 245% over the prior year, due to the incremental revenue from U.S. and U.K. acquisitions, as well as continuing growth in India.
Revenue from brokerage solutions accounted for 65% of our revenue, increasing $21.3 million, or 232% over the prior year, while IaaS revenue accounted for the remaining 35% of revenue, increasing $11.8 million, or 270% over the prior year.
Gross margin continued to show improvement, with a slight increase over the prior year to 61.2% up from 60.1%.
As of March 31, 2024, we had 33 insurance customer agreements (including carriers, self-insureds and other entities processing insurance claims), compared to 26 in the prior year; 68 automotive customer agreements in fiscal 2024 compared to 23 in the prior year; and approximately 3,200 agents and fleet customer agreements in fiscal 2024 compared to approximately 2,000 in the prior year.
In the brokerage segment: 324,293 policies were sold during fiscal 2024 adding up to $61.8 million of Gross Written Premium (“GWP”), compared to 258,546 policies sold in the prior year for $38.0 million of GWP, a 25.5% and 62.6% increase respectively.
For the IaaS segment: 301,120 claims and vehicle inspections were conducted during the fiscal year compared to 220,781 the prior year, representing a 36.4% increase.
Expenses and Net Results
Operating expenses excluding Depreciation and Amortization totaled $104.1 million, an increase of $86.0 million compared to the prior year. This includes $61.2 million of non-cash expenses, comprised of $56.3 million of equity compensation expense related to RSUs granted to employees on September 18, 2023, and $4.9 million in provisions for doubtful accounts that include $2.8 million related to the issuance of preferred stock prior to the Business Combination (as defined in our SEC filings) and $2.1 million in advances made to de-consolidated subsidiaries.
Other expenses totaled $22.2 million, an increase of $19.5 million over the prior year, driven by $19.5 million of non-cash expense related to fair market valuation adjustments of financial instruments, including the Forward Purchase Agreement (“FPA”) and warrants.
In total, net loss for the fiscal year includes $89.4 million of non-cash, non-recurring and other extraordinary items that, when removed, result in an Adjusted EBITDA loss of $10.4 million compared to $9.9 million loss in the prior year. Adjusted EBITDA margin was -22.3% in fiscal 2024 compared to -73.1% in the prior year.
Balance Sheet
Cash on hand as of March 31, 2024 was $11.2 million compared to $0.6 million on March 31, 2023.
Current Assets were $49.8 million, primarily due to the $28.8 million FPA prepayment balance.
Current Liabilities totaled $65.7 million, including $17.4 million in Accounts Payable assumed by Roadzen in connection with the Business Combination, and $13.1 million for Mizuho Securities USA LLC (“Mizuho”) that includes short-term borrowings of $7.5 million and a $5.6 million fair valuation of warrants granted as part of the Mizuho debt agreement.
Long-Term Liabilities totaled $3.0 million, primarily made up of various debt instruments issued by the Company.
Russell Indexes
June 28, 2024 – Roadzen was added to the Russell Indexes, including the Russell 2000®, Russell 3000®, and Russell Microcap®, which will drive awareness from institutional shareholders and improve visibility as a publicly-listed company.
About Roadzen Inc.
Roadzen Inc. (Nasdaq: RDZN) is a global technology company transforming auto insurance using advanced artificial intelligence (AI). Thousands of clients, from the world’s leading insurers, carmakers, and fleets to dealerships and auto insurance agents, use Roadzen’s technology to build new products, sell insurance, process claims, and improve road safety. Roadzen’s pioneering work in telematics, generative AI, and computer vision has earned recognition as a top AI innovator by publications such as Forbes, Fortune, and Financial Express. Roadzen’s mission is to continue advancing AI research at the intersection of mobility and insurance, ushering in a world where accidents are prevented, premiums are fair, and claims are processed within minutes, not weeks. Headquartered in Burlingame, California, the Company has 380+ employees across its global offices in the U.S., India, U.K. and France. To learn more, please visit www.roadzen.ai.
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