UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number 001-41094 ROADZEN INC. (Exact name of Registrant as specified in its Charter) British Virgin Islands 98-1600102 (State or other jurisdiction ...

[Executive Summary & Management Outlook](index=1&type=section&id=Executive%20Summary%20%26%20Management%20Outlook) This section provides an overview of Roadzen's fiscal year 2025 performance, highlighting key financial achievements and strategic insights from management regarding growth and efficiency initiatives [Key Highlights – Fiscal Year 2025](index=1&type=section&id=Key%20Highlights%20%E2%80%93%20Fiscal%20Year%202025) Roadzen achieved Q4 revenue growth, significantly reduced net loss, accelerated pipeline expansion, strengthened AI leadership, and improved balance sheet and operational efficiency **Fiscal Year 2025 Key Financial Highlights:** | Metric | FY2025 | FY2024 | Change (YoY) | | :-------------------------------- | :------- | :------- | :----------- | | Full-Year Revenue | $44.3M | $46.7M | -5.2% | | Q4 Revenue | $11.3M | $10.0M | +13.3% | | Q4 Net Loss | $(0.1)M | $(34.1)M | 99% improvement | | FY Adjusted EBITDA Loss | $(8.4)M | $(10.2)M | 17.6% improvement | | Q4 Adjusted EBITDA Loss | $(1.6)M | $(2.1)M | 24% improvement | - The company's pipeline now exceeds **$300 million**, reflecting strong momentum across India, the U.S., and resumed U.K. contracts, driven by enterprise adoption of Roadzen's AI solutions[3](index=3&type=chunk) - Roadzen strengthened its position as a global leader in applied AI with the launch of MixtapeAI and DrivebuddyAI™ securing multiple patents, surpassing **1.8 billion kilometers** of driving data, and enabling client fleets to reduce accidents by **72%**[4](index=4&type=chunk) - For the full fiscal year, Roadzen reduced total liabilities by **15% ($10.4 million)**, lowered operating costs by **19% ($19.8 million)**, and reduced headcount by **19%**, driving meaningful operating leverage and improved efficiency[5](index=5&type=chunk) [Management Commentary](index=2&type=section&id=Management%20Commentary) Management commentary highlights Q4 growth, the strategic impact of DrivebuddyAI, a target for Adjusted EBITDA breakeven, and significant progress in balance sheet and cost optimization - CEO Rohan Malhotra noted the company achieved roughly flat revenues for the year despite a U.K. pause impacting nearly **40%** of prior revenues, returning to **13.3% YoY growth** in Q4, and expects this momentum to continue[8](index=8&type=chunk) - Malhotra stated that DrivebuddyAI is gaining strong commercial traction and regulatory validation, expected to unlock over **$200 million** worth of revenue opportunities as the Indian government adopts new road safety mandates[8](index=8&type=chunk) - The company is targeting Adjusted EBITDA breakeven within the next **two quarters**, citing pipeline strength and major growth catalysts[8](index=8&type=chunk) - CFO Jean-Noël Gallardo reported that FY2025 objectives were met, with total liabilities reduced by approximately **15%**, operating costs decreased by **19%**, and total headcount reduced by **19%** to **308 employees**[8](index=8&type=chunk) [Fiscal Year 2025 Financial Performance](index=2&type=section&id=Fiscal%20Year%202025%20Financial%20Performance) This section details Roadzen's financial performance for fiscal year 2025, covering revenue trends, operating expenses, net results, and key financial developments in the fourth quarter [Revenue and Key Performance Indicators](index=2&type=section&id=Revenue%20and%20Key%20Performance%20Indicators) Full-year revenue declined by 5.2% due to a U.K. GAP insurance suspension, while customer counts increased across all segments **Revenue Performance (FY2025 vs FY2024):** | Metric | FY2025 | FY2024 | Change (YoY) | | :----- | :----- | :----- | :----------- | | Revenue | $44.3M | $46.7M | -5.2% | - The **5.2%** revenue decrease was primarily due to the temporary countrywide suspension of GAP insurance sales by the U.K., which impacted an estimated **$27 million** in annualized revenues[1](index=1&type=chunk)[9](index=9&type=chunk) **Customer Count (as of March 31, 2025):** | Segment | Count | | :-------------------------------- | :---- | | Insurance customer agreements | 34 | | Automotive customer agreements | 78 | | Agents and fleet customer agreements | ~3,800 | [Operating Expenses](index=3&type=section&id=Operating%20Expenses) Operating expenses for FY2025 significantly decreased, both including and excluding non-cash RSU charges, demonstrating improved efficiency **Operating Expenses (Excluding Cost of Services and D&A):** | Metric | FY2025 | FY2024 | Change (YoY) | | :-------------------------------- | :------- | :------- | :----------- | | Total Operating Expenses | $84.3M | $104.1M | -$19.8M (-19%) | | Operating Expenses (Excl. RSU) | $37.0M | $47.8M | -$10.8M (-23%) | [Net Results](index=3&type=section&id=Net%20Results) The company substantially reduced its net loss and Adjusted EBITDA loss in FY2025, driven by lower operating expenses and decreased non-cash charges **Net Loss and Adjusted EBITDA Loss:** | Metric | FY2025 | FY2024 | Change (YoY) | | :-------------------------------- | :------- | :------- | :----------- | | Net Loss | $(72.9)M | $(99.7)M | 26.9% improvement | | Net Loss Per Share | $(1.04) | $(2.26) | 54% improvement | | Non-Cash Expenses | $66.9M | $80.3M | -16.7% | | Net Loss (Excl. Non-Cash) | $(5.9)M | $(19.4)M | 70% improvement | | Adjusted EBITDA Loss | $(8.4)M | $(10.2)M | 17.6% improvement | | Q4 Adjusted EBITDA Loss | $(1.6)M | $(2.1)M | 24% improvement | - Non-cash expenses in FY2025 included **$47.2 million** in RSU charges, **$14.8 million** loss on fair value of financial instruments, and **$4.9 million** for depreciation, amortization, impairment, and other non-cash items[11](index=11&type=chunk) [Fourth Quarter Financial Developments](index=3&type=section&id=Fourth%20Quarter%20Financial%20Developments) Roadzen completed two public offerings in Q4 FY2025, raising $5.0 million in gross proceeds, and eliminated $12.6 million in short-term liabilities - On January 6, 2025, Roadzen closed a public offering of **2,222,300 ordinary shares** at **$2.25 per share**, generating approximately **$5.0 million** in gross proceeds, following an earlier offering of **2,300,000 shares** at **$1.25 per share**[15](index=15&type=chunk) - The company eliminated a total of **$12.6 million** in short-term liabilities over **six months** (July 2024 - January 2025), utilizing **$1.65 million** in cash and approximately **1.2 million shares**[19](index=19&type=chunk) - On March 31, 2025, Roadzen entered into a securities purchase agreement to issue and sell junior convertible notes for up to an aggregate principal amount of **$2,300,000**[19](index=19&type=chunk) [Fiscal Year 2025 Financial Position](index=3&type=section&id=Fiscal%20Year%202025%20Financial%20Position) This section outlines Roadzen's financial position as of March 31, 2025, detailing changes in assets, liabilities, and capitalization structure [Balance Sheet Overview](index=3&type=section&id=Balance%20Sheet%20Overview) Roadzen significantly reduced total assets and liabilities as of March 31, 2025, reflecting efforts to simplify and right-size its balance sheet **Consolidated Balance Sheet Summary:** | Metric | March 31, 2025 | March 31, 2024 | | :-------------------------------- | :------------- | :------------- | | Total Assets | $32.6M | $58.1M | | Total Liabilities | $58.3M | $68.6M | | Total Shareholders' Deficit | $(25.1)M | $(10.1)M | [Assets](index=3&type=section&id=Assets) Total assets decreased by $25.6 million, primarily due to a reduction in the fair market valuation of the Forward Purchase Agreement - Total assets as of March 31, 2025, were **$32.6 million**, representing a decrease of **$25.6 million** from the previous fiscal year-end, primarily driven by a **$20.2 million** reduction in the fair market valuation of its Forward Purchase Agreement[12](index=12&type=chunk) [Liabilities](index=3&type=section&id=Liabilities) Total liabilities decreased by $10.4 million, driven by a significant reduction in payables and long-term debt - Total liabilities as of March 31, 2025, decreased by **$10.4 million** to **$58.3 million**, compared to fiscal year-end 2024, driven by an **$8.2 million (21%)** reduction in payables[13](index=13&type=chunk) - Long-term debt was reduced from **$1.5 million** at the previous fiscal year-end to approximately **$0.1 million** on March 31, 2025[13](index=13&type=chunk) [Capitalization](index=3&type=section&id=Capitalization) Ordinary shares outstanding increased due to public equity deals, with executive management and the Board retaining a significant ownership stake - As of March 31, 2025, the Company had approximately **74.3 million Ordinary Shares** outstanding, an increase of **5.9 million shares** from the prior fiscal year-end as a result of two public equity deals[14](index=14&type=chunk) - At fiscal year-end, executive management and the Board owned approximately **26.9%** of the Company's outstanding shares[14](index=14&type=chunk) [Fiscal Year 2025 Operational Highlights](index=4&type=section&id=Fiscal%20Year%202025%20Operational%20Highlights) This section highlights Roadzen's operational achievements in fiscal year 2025, including new product launches, patent awards, and strategic partnerships [Product Launches & Enhancements](index=4&type=section&id=Product%20Launches%20%26%20Enhancements) Roadzen launched and upgraded MixtapeAI, a reasoning-based agentic AI platform, earning industry recognition for its transformative impact on customer experience - On October 30, 2024, Roadzen's AI Labs unveiled MixtapeAI, a platform designed to power AI agents and transform customer interactions for insurers, brokers, agents, carmakers, and fleets[19](index=19&type=chunk) - On January 28, 2025, MixtapeAI was upgraded with DeepSeekR1, a leading open-source reasoning model offering advanced capabilities, full traceability, and lower costs[19](index=19&type=chunk) - On March 6, 2025, MixtapeAI won 'Best AI in Deep Tech' at the Entrepreneur AI Awards 2025 for transforming customer experience in auto insurance and mobility[19](index=19&type=chunk) [Patents and Certifications](index=4&type=section&id=Patents%20and%20Certifications) DrivebuddyAI secured an Indian patent for its risk assessment system and achieved ARAI certification, positioning it for upcoming regulatory mandates - On March 11, 2025, Roadzen's DrivebuddyAI was awarded a patent in India for its computer vision and AI-based Cognitive Assessment of Risk for Drivers ('CARD') scoring system[19](index=19&type=chunk) - On December 6, 2024, DrivebuddyAI became the first AI-powered driver safety system to receive Automotive Research Association of India ('ARAI') certification under India's Automotive Industry Standard 184 (AIS184)[19](index=19&type=chunk) [New Key Contracts, Partnerships and Collaborations](index=4&type=section&id=New%20Key%20Contracts%2C%20Partnerships%20and%20Collaborations) Roadzen expanded its market reach in FY2025 through strategic partnerships, including joining Bosch's L.OS, securing U.S. MGA licenses, and providing roadside assistance for a major U.S. fleet - On December 19, 2024, Roadzen's DrivebuddyAI joined Bosch's Logistics Operating System (L.OS) as a partner, expanding reach for its ADAS and driver monitoring systems across India's commercial vehicle market[19](index=19&type=chunk) - On December 11, 2024, Roadzen signed a MoU with Cimarron Underwriters, LLC to secure nationwide Managing General Agent licenses and infrastructure to expand the distribution of its insurance offerings across all **50 U.S. States**[19](index=19&type=chunk) - On December 10, 2024, Roadzen was contracted by Motive, a top U.S. AI-powered fleet management company, to provide **24/7** roadside assistance for its network of over **one million vehicles**[19](index=19&type=chunk) [Subsequent Operational Developments (FY2026)](index=5&type=section&id=Subsequent%20Operational%20Developments%20%28FY2026%29) This section details Roadzen's operational advancements and new contracts announced after the close of fiscal year 2025, extending into FY2026 [Product Advances and Patent Awards](index=5&type=section&id=Product%20Advances%20and%20Patent%20Awards) Post-FY2025, DrivebuddyAI advanced with new patents, integrated advanced technologies, and is positioned to benefit from India's new road safety regulations, significantly reducing accidents - DrivebuddyAI, Roadzen's ADAMATICS platform, integrates advanced driver assistance, AI, machine learning, and video telematics to deliver real-time monitoring, predictive analytics, and proactive collision avoidance[20](index=20&type=chunk) - On April 1, 2025, Roadzen announced its positioning to benefit from India's new road safety regulations, mandating Driver Drowsiness and Attention Warning Systems (DDAWS) under AIS184 by April 2026[20](index=20&type=chunk) - On June 3, 2025, DrivebuddyAI was awarded a patent in India for its real-time driver drowsiness detection algorithm, leveraging AI and computer vision to monitor over **92** real-time eye and facial cues[21](index=21&type=chunk) - By June 3, 2025, DrivebuddyAI surpassed **1.8 billion kilometers** of real-world driving data (an **80% increase** in six months) and helped commercial fleets achieve over a **72% reduction** in on-road accidents[22](index=22&type=chunk) [Contract Announcements](index=5&type=section&id=Contract%20Announcements) Roadzen secured new contracts and partnerships in India and the U.K. post-FY2025, expanding AI solutions for claims, warranties, and fleet safety, and resuming U.K. market growth - On June 25, 2024, Roadzen was chosen by Oriental Insurance Company Ltd., India's **6th largest insurer**, to deliver AI-powered claims processing for **50,000+ claims** annually[24](index=24&type=chunk) - On December 31, 2024, Roadzen partnered with Simple Energy, a top premium EV manufacturer, and a leading global reinsurer to offer extended warranties for Simple Energy vehicles[24](index=24&type=chunk) - On April 29, 2024, Roadzen was awarded a **5-year contract** from Dalmia Transport & Logistics, one of India's largest logistics fleet operators, to install DrivebuddyAI technology across its entire fleet[24](index=24&type=chunk) - On May 6, 2025, Roadzen's U.K. subsidiary, GIM, partnered with Vodafone Automotive to deliver an integrated vehicle protection solution, marking the resumption of GIM's growth in the U.K. following regulatory transition[25](index=25&type=chunk) [General Interest](index=6&type=section&id=General%20Interest) Roadzen's DrivebuddyAI platform received recognition in a globally influential publication for its advancements in in-cabin technologies - On June 10, 2025, Roadzen's DrivebuddyAI platform was featured in the latest InCabin Report & Vision System Market Map, recognized for setting the global standard for safety and intelligence inside vehicles[26](index=26&type=chunk) [Company Overview](index=6&type=section&id=Company%20Overview) This section provides an overview of Roadzen Inc., its mission, global presence, and a cautionary statement regarding forward-looking information [About Roadzen Inc.](index=6&type=section&id=About%20Roadzen%20Inc.) Roadzen Inc. is a global technology company leveraging AI to transform auto insurance and mobility, aiming to prevent accidents, ensure fair premiums, and expedite claims - Roadzen Inc. (Nasdaq: RDZN) is a global technology company transforming auto insurance using advanced artificial intelligence (AI), including telematics, generative AI, and computer vision[27](index=27&type=chunk) - The company's mission is to advance AI research at the intersection of mobility and insurance, aiming for a world where accidents are prevented, premiums are fair, and claims are processed within minutes[27](index=27&type=chunk) - Headquartered in Burlingame, California, Roadzen has **308 employees** across its global offices in the U.S., U.K., and India[27](index=27&type=chunk) [Cautionary Statement Regarding Forward Looking Statements](index=6&type=section&id=Cautionary%20Statement%20Regarding%20Forward%20Looking%20Statements) This section provides a standard cautionary statement regarding forward-looking statements, outlining inherent risks, uncertainties, and the company's policy on updating such information - The press release includes forward-looking statements based on current expectations and projections, which are subject to known and unknown risks, uncertainties, and assumptions that may cause actual results to differ materially[28](index=28&type=chunk) - Forward-looking statements can be identified by terminology such as 'may,' 'should,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' and 'continue,' or similar expressions[28](index=28&type=chunk) - The company disclaims any intention or obligation to update or revise any forward-looking statements, except as expressly required by applicable securities law[28](index=28&type=chunk) [Consolidated Financial Statements](index=7&type=section&id=Consolidated%20Financial%20Statements) This section presents Roadzen's consolidated financial statements, including balance sheets, statements of operations, and cash flows for fiscal years 2025 and 2024 [Consolidated Balance Sheets](index=7&type=section&id=Consolidated%20Balance%20Sheets) The consolidated balance sheets present Roadzen's financial position as of March 31, 2025, and 2024, showing decreased total assets and liabilities, and an increased shareholders' deficit **Consolidated Balance Sheets (as of March 31):** | Particulars | 2025 (US $) | 2024 (US $) | | :-------------------------------- | :---------- | :---------- | | **Assets:** | | | | Total current assets | 26,954,896 | 49,842,571 | | Total Non current assets | 5,624,454 | 8,293,775 | | **Total assets** | **32,579,350** | **58,136,346** | | **Liabilities:** | | | | Total current liabilities | 56,935,304 | 65,652,506 | | Total Non current liabilities | 1,334,826 | 2,983,706 | | **Total liabilities** | **58,270,130** | **68,636,212** | | **Shareholders' Equity/(Deficit):** | | | | Total shareholders' deficit | (25,073,897) | (10,073,836) | | Non-controlling interest | (616,883) | (426,030) | | **Total deficit** | **(25,690,780)** | **(10,499,866)** | [Consolidated Statements of Operations](index=8&type=section&id=Consolidated%20Statements%20of%20Operations) The consolidated statements of operations detail the company's revenue, expenses, and net loss for fiscal years 2025 and 2024, showing a reduction in net loss and loss per share **Consolidated Statements of Operations (For the Year ended March 31):** | Particulars | 2025 (US $) | 2024 (US $) | | :-------------------------------- | :---------- | :---------- | | Revenue | 44,296,098 | 46,724,287 | | Total costs and expenses | 105,109,040 | 124,383,124 | | Loss from operations | (60,812,942) | (77,658,837) | | Total other income/(expense) | (12,264,342) | (22,223,889) | | Net Loss attributable to Ordinary shareholders | (72,870,432) | (99,669,335) | | Net loss per share (Basic and diluted) | (1.04) | (2.26) | | Weighted-average shares | 69,867,792 | 44,032,410 | [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) The consolidated statements of cash flows illustrate the company's cash generation and usage from operating, investing, and financing activities for FY2025 and FY2024, indicating a net decrease in cash **Consolidated Statements of Cash Flows (For the Year ended March 31):** | Particulars | 2025 (US $) | 2024 (US $) | | :-------------------------------- | :---------- | :---------- | | Net cash used in operating activities | (18,142,198) | (19,218,165) | | Net cash used in investing activities | (115,621) | (6,705,124) | | Net cash generated from financing activities | 11,743,203 | 25,362,382 | | Net (decrease)/increase in cash and cash equivalents | (6,511,448) | (805,351) | | Cash and cash equivalents at end of period | 5,053,640 | 11,565,088 | **Non-cash investing and financing activities:** | Particulars | 2025 (US $) | 2024 (US $) | | :-------------------------------- | :---------- | :---------- | | Consideration payable in connection with acquisitions | 8,376,253 | 488,000 | | Interest accrued on borrowings | 2,123,633 | 451,323 | [Non-GAAP Financial Measures](index=11&type=section&id=Non-GAAP%20Financial%20Measures) This section provides a reconciliation of non-GAAP financial measures, specifically Adjusted EBITDA, to the most directly comparable GAAP financial measure [Adjusted EBITDA Reconciliation](index=11&type=section&id=Adjusted%20EBITDA%20Reconciliation) This section defines Adjusted EBITDA as a non-GAAP financial measure, explains its limitations, and provides a reconciliation to GAAP net loss for Q4 and full fiscal years 2025 and 2024 - Adjusted EBITDA is a non-GAAP financial measure that excludes finance costs, taxes, depreciation and amortization, and certain other items from reported net profit or loss, used to clarify sustainability and trends[37](index=37&type=chunk) - Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as substitutes for financial information presented under GAAP[38](index=38&type=chunk) **Adjusted EBITDA Reconciliation:** | Particulars | Q4 2025 (US $) | Q4 2024 (US $) | FY 2025 (US $) | FY 2024 (US $) | | :-------------------------------- | :------------- | :------------- | :------------- | :------------- | | Net loss | (106,967) | (33,978,672) | (72,870,432) | (99,669,335) | | Adjusted for: | | | | | | Other (income)/expense net | (3,861,541) | (55,459) | (7,073,235) | (838,728) | | Interest (income)/expense | 714,899 | 732,138 | 3,247,831 | 2,291,123 | | Fair value changes in financial instruments | (1,681,725) | (2,894,633) | 14,844,420 | 19,475,005 | | Gain on deconsolidation of subsidiaries | - | (2,098,745) | - | (2,098,745) | | Impairment of investment | 1,245,326 | 3,395,234 | 1,245,326 | 3,395,234 | | Tax (benefit)/expense | 69,709 | 69,734 | (13,973) | (23,648) | | Depreciation and amortization | 1,046,539 | 953,232 | 2,020,610 | 2,185,858 | | Stock based compensation expense | 76,397 | 25,523,471 | 47,211,816 | 56,303,135 | | Non-cash expenses | 493,210 | 820,440 | 1,649,448 | 1,048,464 | | Non-recurring expenses | 386,746 | 5,408,410 | 1,340,062 | 7,685,859 | | **Adjusted EBITDA** | **(1,617,407)** | **(2,124,850)** | **(8,398,127)** | **(10,245,778)** |

Core Insights - Roadzen enters Fiscal Year 2026 with renewed momentum and improved operating leverage, driven by strong performance in the U.S. and India, alongside a robust pipeline exceeding $300 million [3][7][8] Financial Performance - Full-year revenue for Fiscal Year 2025 was $44.3 million, reflecting a 5.2% decline year-over-year primarily due to a temporary suspension of GAP insurance sales in the U.K., which impacted approximately $27 million in annualized revenues [1][13] - In Q4 FY2025, Roadzen achieved a 13.3% year-over-year revenue growth, reaching $11.3 million, up from $10.0 million in Q4 FY2024, driven by strong performances in India and the U.S. [1][2] - The net loss for FY2025 was reduced to $(72.9) million, or $(1.04) per share, compared to a net loss of $(99.7) million, or $(2.26) per share, in the prior fiscal year, marking a significant improvement [11][37] - Adjusted EBITDA loss for FY2025 narrowed to $(8.4) million from $(10.2) million in FY2024, with Q4 FY2025 loss improving to $(1.6) million from $(2.1) million in Q4 FY2024 [2][11] Operational Highlights - Roadzen's pipeline now exceeds $300 million, indicating strong momentum across core markets, particularly in India and the U.S., as well as resumed contracts in the U.K. [3][7] - The company launched MixtapeAI, an AI platform aimed at transforming customer service and claims processing, and DrivebuddyAI™ surpassed 1.8 billion kilometers of driving data, helping client fleets reduce accidents by 72% [4][18][24] - Roadzen reduced total liabilities by 15%, or $10.4 million, and operating costs by 19%, or $19.8 million, while also decreasing headcount by 19% to enhance operational efficiency [5][8] Market Position and Future Outlook - Roadzen is positioned as a global leader in applied AI within the insurance and mobility sectors, with expectations of continued growth driven by new road safety regulations in India [4][22] - The company anticipates reaching Adjusted EBITDA breakeven within the next two quarters, contingent on revenue mix and geography, supported by a strong pipeline and growth catalysts [8][11]

Core Insights - Roadzen Inc. has partnered with SUPERGAS to implement its AI platform DrivebuddyAI for enhanced driver monitoring and safety [1][4] - The DrivebuddyAI platform aims to reduce accidents by monitoring driver behavior and providing real-time feedback [1][4] - SUPERGAS is recognized for its commitment to safety and has a strong infrastructure in the LPG sector across India [2][6] Company Overview - Roadzen Inc. is a global technology company focused on transforming auto insurance through advanced AI solutions [5] - The company has a diverse client base, including insurers, car manufacturers, and fleets, and is recognized as a top AI innovator [5] - SUPERGAS, a subsidiary of SHV Energy N.V., has established a significant presence in the LPG market in India since its inception in 1996 [2][6] Implementation Details - The installation of DrivebuddyAI in SUPERGAS's truck fleet is expected to be completed by September 30, 2025 [1] - The platform will operate 24/7 and include a proactive command center to enhance safety measures [1][4] - Roadzen's selection was based on a comprehensive evaluation against global competitors in video telematics and ADAS [3]

Core Insights - Roadzen Inc. has announced the granting of a patent in India for its DrivebuddyAI platform, specifically for its Real-Time Driver Drowsiness Detection Algorithm, enhancing its global intellectual property portfolio [1][2] - The DrivebuddyAI system utilizes AI and computer vision to monitor over 92 real-time eye and facial cues, enabling early detection of driver fatigue and triggering instant alerts to prevent accidents [2] - The U.S. National Highway Traffic Safety Administration reports that crashes involving distracted drivers account for 29% of all motor vehicle crashes, highlighting the need for technologies like DrivebuddyAI that address distraction and fatigue [3] Regulatory Context - India's upcoming draft road safety regulation, expected to be adopted by April 1, 2026, will mandate Driver Drowsiness and Attention Warning Systems in all new commercial vehicles, impacting over 1 million units annually [4] - DrivebuddyAI is the first platform validated under the AIS-184 standard by the Automotive Research Association of India, positioning Roadzen as a leader in this regulatory and market opportunity [4] Company Achievements - DrivebuddyAI has achieved a 72% reduction in on-road accidents across commercial deployments, demonstrating its effectiveness in enhancing road safety [8] - The company has surpassed 1.8 billion kilometers of real-world driving data, marking an 80% increase in less than six months since reaching the 1 billion kilometer milestone [8] - Roadzen has secured a patent for the Cognitive Assessment of Risk for Drivers (CARD), enabling AI-based driver risk profiling, further solidifying its innovative capabilities [8]

Company Overview - Roadzen Inc. is a global technology company focused on transforming auto insurance through advanced artificial intelligence (AI) [4] - The company serves a diverse client base, including leading insurers, car manufacturers, fleets, dealerships, and auto insurance agents [4] - Roadzen has been recognized as a top AI innovator by notable publications such as Forbes, Fortune, and Financial Express [4] Upcoming Event - Roadzen has been invited to present at the "2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow," hosted by Maxim Group LLC from June 3rd to June 5th, 2025 [1] - Founder and CEO Rohan Malhotra will participate in a fireside chat on June 3, 2025, at 1:30 p.m. ET [2] Industry Context - The conference will explore the rapid evolution of technology and its disruptive potential across various industries, including healthcare, drones, consumer IoT, and gaming [3] - The focus will be on how emerging growth companies are leveraging Quantum Computing and AI to position themselves for future growth [3]

Core Insights - Roadzen Inc. has announced a partnership through its UK subsidiary, Global Insurance Management Limited, with a major telematics provider to create a technology-driven vehicle protection solution for the UK automotive market [1][2][3] - The new solution integrates telematics-enabled asset tracking with Guaranteed Asset Protection (GAP) insurance, aiming to provide vehicle owners with theft deterrence, real-time monitoring, and financial protection via a digital platform [2][3] - The UK motor insurance market, valued at over £17 billion annually, presents significant opportunities for innovative solutions, especially in light of rising vehicle theft rates [3] Company Developments - The partnership is expected to generate seven-figure revenues annually and marks the resumption of GIM's growth in the UK after a regulatory transition [2][4] - Roadzen's CEO emphasized the company's commitment to integrating intelligence and insurance into mobility, highlighting the strong fundamentals of the business despite recent stock volatility [5] - Roadzen plans to expand its insurance programs in the UK and into European markets through 2025 [4][5] Industry Context - The collaboration addresses the increasing challenge of vehicle theft in the UK, which is contributing to higher insurance premiums [3] - The telematics partner's technology is already utilized by over 30 global vehicle manufacturers, including the top 10 OEMs, indicating a strong market presence [3] - Roadzen's mission focuses on advancing AI in the insurance sector, aiming for faster claims processing and fairer premiums [6]

Core Viewpoint - Roadzen Inc. has filed a lawsuit against Meteora Capital Partners for breach of contract related to a Forward Purchase Agreement, claiming damages of approximately $19.5 million [1][3][4] Group 1: Lawsuit Details - The lawsuit is based on a Forward Purchase Agreement signed in August 2023, where Meteora acquired 5 million shares of Roadzen at a zero-cost basis [2] - Roadzen alleges that Meteora sold over 1.8 million shares without fulfilling its payment obligations or providing required notices, leading to significant financial damage [3][4] - The case is currently pending in the Circuit Court of Palm Beach County, Florida [5] Group 2: Company Background - Roadzen Inc. is a global leader in AI-driven mobility and insurance technology, focusing on transforming auto insurance through advanced AI solutions [6] - The company serves a diverse clientele, including insurers, car manufacturers, and auto insurance agents, and has been recognized as a top AI innovator by various publications [6] - Roadzen's mission is to enhance road safety and streamline insurance processes, aiming for rapid claims processing and fair premiums [6]

Core Insights - Roadzen Inc. is positioned to benefit from new draft regulations in India mandating road safety technologies for commercial vehicles, specifically the Driver Drowsiness and Attention Warning Systems (DDAWS) under AIS 184, with Roadzen's DrivebuddyAI being the only certified solution [1][3][4] Regulatory Impact - The new regulations require DDAWS, Blind Spot Information Systems, and Moving Off Information Systems for new and existing commercial vehicles, affecting over 1 million vehicles annually and creating a market estimated at $200 million in annual revenues [2][4] Market Opportunity - Roadzen estimates that over a million vehicles will require the DrivebuddyAI technology in the first year after the regulations are adopted, leading to initial revenue opportunities of approximately $200 million [4][6] Technological Advantage - Roadzen's DrivebuddyAI is the first and only platform validated by the Automotive Research Association of India (ARAI) under AIS 184, providing advanced capabilities for real-time driver behavior monitoring and road safety compliance [3][4] Company Overview - Roadzen Inc. is a global technology company focused on transforming auto insurance through AI, with a mission to enhance road safety and improve insurance processes [5]

NEW YORK, March 19, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ:RDZN) ("Roadzen" or the "Company"), a global leader in AI-driven mobility and insurance solutions, today announced it has been selected by India's largest general insurance company to manage its Roadside Assistance program for a second consecutive 3-year term. The insurer, with a global Gross Written Premium (GWP) of $5 billion and approximately 6.4 million motor policy holders, reaffirmed its confidence in Roadzen's technology following a ri ...