Core Insights - Roadzen Inc. has partnered with Bosch to integrate its AI-powered Advanced Driver Assistance System (ADAS) platform, drivebuddyAI, into Bosch's mobility solutions, enhancing the global reach of Roadzen's offerings [1][4] - The collaboration aims to leverage Bosch's extensive automotive expertise and logistics software solutions to optimize supply chain operations for commercial vehicles [2][4] Company Overview - Roadzen Inc. is a global technology company focused on transforming auto insurance through advanced AI, serving clients including insurers, carmakers, and fleets [5] - The company has been recognized as a top AI innovator and aims to improve road safety and streamline insurance processes [5] Product Details - Roadzen's drivebuddyAI utilizes two-way and 360-degree vision cameras for blind spot detection and driver monitoring, providing real-time risk assessments to enhance safety for trucking fleets [3] - The system operates on edge computing, capturing comprehensive data from both the driver and the surrounding environment [3] Industry Context - The global vehicle industry is increasingly adopting ADAS and Driver Monitoring Systems (DMS) to enhance driver safety, with Roadzen's partnership with Bosch expected to accelerate market penetration [4]

Core Insights - Roadzen Inc. has partnered with Bosch to integrate its AI-powered Advanced Driver Assistance System (ADAS) platform, drivebuddyAI, into Bosch's mobility solutions, significantly enhancing global market reach [1][2][4] - The collaboration aims to leverage Bosch's extensive automotive expertise and existing logistics software, L.OS, to optimize supply chain operations for commercial vehicles [2][4] - Roadzen's drivebuddyAI utilizes advanced technology, including two-way and 360-degree cameras, to enhance driver safety by providing real-time risk assessments [3][4] Company Overview - Roadzen Inc. is a technology company focused on transforming auto insurance through AI, serving a diverse clientele including insurers, car manufacturers, and fleets [4] - The company has been recognized as a top AI innovator and is headquartered in Burlingame, California, with a workforce of 360 employees across multiple countries [4] - Bosch, a leading global supplier of technology and services, generated sales of €71.6 billion in 2020 and employs approximately 394,500 associates worldwide [5][6]

Core Insights - Roadzen Inc. has expanded its partnership with National Insurance Company Ltd. (NICL) to include an additional 4 regional offices for its AI-powered XClaim product, effective January 1, 2025, following strong performance in the initial rollout [1][6] - NICL, which has a total of 34 regional offices, has already integrated 10 offices into Roadzen's platform, indicating a successful implementation and satisfaction with the service [1][3] - The Indian automobile insurance market is growing at approximately 18% annually, with government-owned insurers processing around 1.4 million automobile claims each year, highlighting a significant opportunity for digital transformation in claims processing [2][3] Company Overview - Roadzen Inc. is a global technology company focused on transforming auto insurance through advanced AI, with a mission to enhance claims processing speed and accuracy while improving customer experience [7] - The company has been recognized as a top AI innovator by major publications and operates globally with 360 employees across offices in the U.S., India, U.K., and France [7] - Roadzen's XClaim platform utilizes computer vision for real-time claims resolution, significantly reducing the need for manual surveys and expediting the claims process [4][5]

NEW YORK, Dec. 18, 2024 (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 existing client National Insurance Company Ltd. ("NICL") has expanded the geographical scope for Roadzen's AI powered XClaim Product. NICL has a total of 34 Regional Offices, of which 10 joined Roadzen's AI-powered XClaim platform. Based upon strong performance, NICL has expanded its contract with Roadzen to include ...

NEW YORK, Dec. 17, 2024 (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 closing of its previously announced underwritten public offering of 2,300,000 ordinary shares (or pre-funded warrants (("Pre-funded Warrants")) in lieu thereof), including 300,000 shares sold upon full exercise of the underwriter's option to purchase additional shares (the "Offering") at a public offering price of $1.25 ...

NEW YORK, Dec. 15, 2024 (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 pricing of an underwritten public offering of 2,000,000 ordinary shares (or pre-funded warrants ("Pre-funded Warrants") in lieu thereof) at a public offering price of $1.25 per share (inclusive of the Pre-Funded Warrant exercise price), for gross proceeds of $2,500,000, before deducting underwriting discounts, commission ...

NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, announced that it was honored today with the IFTA Excellence in InsurTech award by the India FinTech Forum. The award recognizes Roadzen’s outstanding achievements in demonstrating exceptional innovation, efficiency, and customer impact in the insurance industry. The IFTA Excellence in InsurTech Award is presented annually by the India Fina ...

NEW YORK, Dec. 12, 2024 (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, a leading global investment bank and securities firm, to extend the maturity date of its $11.5 million 15% senior secured notes by one year, to December 31, 2025, providing additional financial flexibility for the Company. The completion of the ex ...

NEW YORK, Dec. 11, 2024 (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 executed a Memorandum of Understanding (MOU) for a partnership with Cimarron Underwriters, LLC (“Cimarron”). Through this proposed partnership, Roadzen will leverage Cimarron’s nationwide Managing General Agent (MGA) licenses and infrastructure to expand the distribution of its insurance offerings across all 50 U ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Ordinary Shares, par value $0.0001 per share RDZN The Nasdaq Stock Market LLC Warrants, each warrant exercisable for one Ordinary Share, each at an exercise price of $11.50 per share RDZNW The Nasdaq Stock Market LLC Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☒ FORM 10-Q (Mark One ...