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Roadzen

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GlobeNewsWire
9 days ago
Roadzen Announces Major Strategic Acquisition of AI-Powered Vehicle Repair Platform VehicleCare at CES 2026; Transaction Consideration Values Standalone India Business at ~$277 Million
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.
Roadzen Announces Major Strategic Acquisition of AI-Powered Vehicle Repair Platform VehicleCare at CES 2026; Transaction Consideration Values Standalone India Business at ~$277 Million
Neutral
GlobeNewsWire
23 days ago
Roadzen to Showcase DrivebuddyAI as First-Time Exhibitor at CES 2026 (January 6 – 9)
Live demos in Las Vegas will highlight DrivebuddyAI's vision-first, continuous-learning AI platform trained on billions of kilometers of real-world driving data and uniquely positioned as the only driver monitoring system validated under both Indian AIS-184 and EU GSR 2144 standards. Live demos in Las Vegas will highlight DrivebuddyAI's vision-first, continuous-learning AI platform trained on billions of kilometers of real-world driving data and uniquely positioned as the only driver monitoring system validated under both Indian AIS-184 and EU GSR 2144 standards.
Roadzen to Showcase DrivebuddyAI as First-Time Exhibitor at CES 2026 (January 6 – 9)
Neutral
GlobeNewsWire
1 month ago
Roadzen Announces Successful Closing of Its Acquisition of U.S. Commercial Auto Managing General Underwriter EliteCover
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.
Roadzen Announces Successful Closing of Its Acquisition of U.S. Commercial Auto Managing General Underwriter EliteCover
Neutral
GlobeNewsWire
2 months ago
Roadzen Reports $13.7 Million Second Quarter Revenue, a 15.2% Improvement Over Prior Year Quarter, and Fifth Consecutive Quarter of Adjusted EBITDA Improvement
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 EBITDA 1 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.
Roadzen Reports $13.7 Million Second Quarter Revenue, a 15.2% Improvement Over Prior Year Quarter, and Fifth Consecutive Quarter of Adjusted EBITDA Improvement
Neutral
GlobeNewsWire
2 months ago
Roadzen and Mizuho Agree to Extend Maturity of Senior Secured Facility by 18 Months to June 30, 2027
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.
Roadzen and Mizuho Agree to Extend Maturity of Senior Secured Facility by 18 Months to June 30, 2027
Neutral
GlobeNewsWire
2 months ago
Roadzen Signs Definitive Agreement to Acquire Majority Control of a Commercial Auto Insurance Broker, Expanding Its U.S. Footprint
The acquisition is non-dilutive for shareholders and expected to generate over $30 million in annual premiums, with $8 million in annual revenues over the next twelve months after closing, and a 25% net income margin on a standalone basis The acquisition is non-dilutive for shareholders and expected to generate over $30 million in annual premiums, with $8 million in annual revenues over the next twelve months after closing, and a 25% net income margin on a standalone basis
Roadzen Signs Definitive Agreement to Acquire Majority Control of a Commercial Auto Insurance Broker, Expanding Its U.S. Footprint
Neutral
GlobeNewsWire
3 months ago
Roadzen's DrivebuddyAI Secures Six Major E-Commerce Trucking Fleet Clients in Nationwide Rollout Across India
Deployment spans high-performance Volvo and BharatBenz trucks across India's long-haul e-commerce logistics network Deployment spans high-performance Volvo and BharatBenz trucks across India's long-haul e-commerce logistics network
Roadzen's DrivebuddyAI Secures Six Major E-Commerce Trucking Fleet Clients in Nationwide Rollout Across India
Neutral
GlobeNewsWire
3 months ago
Roadzen Wins Major Auto Insurance Mandate Worth More Than $20 Million in Annual Premiums from One of the World's Largest Carmakers
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.
Roadzen Wins Major Auto Insurance Mandate Worth More Than $20 Million in Annual Premiums from One of the World's Largest Carmakers
Neutral
GlobeNewsWire
3 months ago
Roadzen to Present at October Investor Conferences in New York
NEW YORK, Oct. 13, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, announced today that its executive team will participate in two upcoming investor conferences this month in New York City:
Roadzen to Present at October Investor Conferences in New York
Neutral
GlobeNewsWire
3 months ago
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
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)
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