DrivebuddyAI crosses 3.5 billion kilometers of real-world driving data with 70%+ accident reduction, underscoring Roadzen’s global leadership in AI-powered driver safetyDrivebuddyAI 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 inte ...

With $11.5 Million Raised This Quarter, Roadzen Fully Funds Path to Adjusted EBITDA BreakevenNEW 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 sta ...

Core Viewpoint - Roadzen Inc. has secured INR 40 crores (approximately $4.5 million) in equity financing for its Indian subsidiary, valuing it at $84 million pre-money, which is about 25% above the company's current Nasdaq market capitalization [1][2][6]. Company Summary - The financing will result in approximately 5% dilution for the Indian subsidiary, with the parent company retaining about 95% ownership [2][7]. - The capital raised is intended to accelerate growth in India and enhance technology development for the global business, with expectations of over 50% revenue CAGR in India over the next three years [6][8]. - Roadzen's India subsidiary contributes less than 60% of the company's consolidated revenues, yet its valuation indicates a significant premium compared to the parent company's market cap [2][6]. Industry Summary - India is experiencing rapid economic growth, recently becoming the world's fourth-largest economy, with expectations to double its GDP in the next decade [4]. - The country is the fourth-largest auto market globally, with over 4 million cars sold annually, but non-life insurance penetration is only around 1% of GDP, indicating substantial growth potential [4]. - As GDP and car ownership increase, the auto insurance market could expand eightfold in the coming decade, driven by advancements in AI and technology [4]. - New regulations, such as AIS-184, are expected to boost the adoption of advanced driver safety systems, positioning Roadzen's DrivebuddyAI as a leading solution for commercial vehicles [4][6].

Core Insights - Roadzen Inc. reported a record first quarter fiscal 2026 revenue of $10.9 million, a 22% increase from $8.9 million in the previous year, driven by growth in India and the U.S. markets, as well as the resumption of business opportunities in the U.K. [1][4] - The company significantly narrowed its net loss to $(4.0) million from $(48.4) million year-over-year, marking a 92% improvement, and achieved a 50% improvement in adjusted EBITDA loss, which decreased to $(1.4) million from $(2.8) million [2][5] - Roadzen strengthened its balance sheet by raising approximately $4.5 million through two securities purchase transactions at a premium, indicating strong investor confidence [3][5] Financial Highlights - First quarter revenue totaled $10.9 million, reflecting a 22% increase year-over-year, with brokerage solutions accounting for 53% of total revenue, up 86% from the prior year [6][13] - Operating expenses decreased by approximately $25.0 million or 74% from the prior fiscal first quarter, leading to a loss from operations of $(2.5) million, a 92% improvement from $(30.4) million in the previous year [6][13] - Gross margin for the quarter was 58.9%, significantly up from 39.2% reported in the prior fiscal year first quarter [13] Operational Highlights - Roadzen's DrivebuddyAI platform was awarded a patent in India for its driver drowsiness detection algorithm, which utilizes AI to monitor real-time eye and facial cues [11] - The company processed 462,277 claims and vehicle inspections using its AI solutions during the first quarter, compared to 547,233 in the prior year [13] - Roadzen's partnerships and product advancements are expected to drive growth, particularly in the U.K. and India, with multiple new contracts announced [17][18] Subsequent Financial Events - On July 24, 2025, Roadzen raised $2.25 million through a private placement of ordinary shares at a 20% premium to market [10] - An additional $2.25 million was raised on July 29, 2025, through a registered direct offering with an institutional investor [10] Recognition and Market Position - Roadzen was recognized as a leading company in the Insurtech category by CNBC and Statista's 2025 list of the World's Top Fintech Companies, highlighting its role in transforming insurance through AI [16]

Core Insights - Roadzen Inc. has announced a $2.25 million private placement of common stock at $1.25 per share, reflecting a 20% premium to recent trading levels, backed by four of its largest shareholders, indicating strong investor confidence in the company [1][2] - The CEO and leadership team have deferred the vesting of their Restricted Stock Units (RSUs) until September 2026, demonstrating their commitment to long-term value creation [3] Financial Strategy - Proceeds from the PIPE financing will be utilized to support working capital aimed at achieving positive Adjusted EBITDA, with a target to reach breakeven by the quarter ending December 2025 [2] - The company emphasizes a disciplined capital strategy, maintaining a tight cap table and avoiding broad-based dilution while bringing in aligned capital for growth [2] Company Overview - Roadzen Inc. is a global technology company focused on transforming auto insurance through advanced AI, serving clients including leading insurers, carmakers, and fleets [4] - The company has been recognized as a top AI innovator and aims to advance AI research at the intersection of mobility and insurance [4] - Roadzen is headquartered in Burlingame, California, and employs 308 individuals across its global offices in the U.S., U.K., and India [4]

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]

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]

Core Insights - Roadzen Inc. has secured a patent in India for its Cognitive Assessment of Risk for Drivers (CARD) scoring system, with pending patents in the U.S. and Europe, enhancing its position in AI mobility technology [1] - The CARD system offers a comprehensive risk assessment by analyzing multiple simultaneous hazards, unlike traditional models that focus on isolated risks [2][3] - Roadzen's approach has demonstrated a 70% reduction in accidents through its integrated data analysis and real-time insights, which empower fleet operators to enhance safety [3] - The company has received validation under India's AIS 184 standard, making its system the only fully compliant driver safety solution for automotive OEMs in India [3] - Roadzen aims to transform the insurance and mobility sectors, which collectively exceed a trillion dollars in annual spending, by leveraging embodied AI for improved road safety and precise underwriting [4] Company Overview - Roadzen Inc. is a global technology company focused on transforming auto insurance through advanced AI, serving a diverse client base including insurers, carmakers, and fleets [5] - The company has been recognized as a top AI innovator by major publications and is committed to advancing AI research at the intersection of mobility and insurance [5] - Headquartered in Burlingame, California, Roadzen employs 320 people across its offices in the U.S., U.K., and India [5]