Roadzen Announces Major Strategic Acquisition of AI-Powered Vehicle Repair Platform VehicleCare at CES 2026; Transaction Consideration Values Standalone India Business at ~$277 Million

Core Viewpoint - Roadzen Inc. has announced a definitive agreement to acquire VehicleCare, an AI-powered vehicle repair and workshop aggregation platform, marking a significant milestone in its evolution from a claims intelligence provider to a full-stack claims operating system [1][2] Company Overview - Roadzen Inc. operates at the intersection of insurance and mobility, utilizing AI to enhance claims processing and risk management for insurers, automakers, and fleets [11][12] - VehicleCare is an AI-driven platform that digitizes vehicle repair workflows and aggregates independent workshops, optimizing repair processes and improving cost efficiency [14] Acquisition Details - The acquisition is structured as an equity issuance at Roadzen's India subsidiary level, valuing VehicleCare at approximately $277 million, which represents a 50% premium to Roadzen's current public market price [5][8] - The transaction is expected to close within two weeks, subject to customary closing conditions, and will result in approximately 2% dilution at the India subsidiary level, with no dilution at the Nasdaq-listed parent company level [5][16] VehicleCare's Capabilities - VehicleCare's platform includes over 350 independent workshops across 21+ states in India, serving more than 15 insurers and brokers, and has executed over 40,000 claims with a 30% reduction in loss costs compared to OEM garages [3][4] - The platform enables insurers to guarantee repair timelines, which has been a challenge in the industry, and is expected to contribute approximately $10 million in revenue over the next twelve months [4][8] Strategic Implications - The combination of Roadzen and VehicleCare is anticipated to provide insurers with end-to-end control over the motor claims lifecycle, from digital decision-making to physical repair execution, a capability that is rare in the market [7][10] - The acquisition is seen as a natural progression for Roadzen, allowing it to expand its AI capabilities into areas such as parts cataloging and repair intelligence, thereby addressing complex global markets [10]