Latest news with #RohanMalhotra
Miami Herald
2 days ago
- Automotive
- Miami Herald
New to The Street's Featured Client - Roadzen's DrivebuddyAI(TM) Platform Recognized as Key Innovator in InCabin Market Map Report
NEW YORK CITY, NEW YORK / ACCESS Newswire / June 10, 2025 / Roadzen Inc. (NASDAQ:RDZN), a global leader at the intersection of artificial intelligence, insurance, and mobility, today announced that its flagship AI-powered platform, DrivebuddyAI™, has been prominently featured in the latest InCabin Market Map Report. The report, released in advance of InCabin USA 2025 in Detroit-the premier event for driver and occupant monitoring technologies-spotlights DrivebuddyAI™ as a key innovator shaping the future of intelligent in-cabin safety and automation. DrivebuddyAI™ is Roadzen's cutting-edge platform combines proprietary AI, computer vision, and driver behavioral analytics to deliver real-time risk driver assessments and coaching to create safer conditions and more efficient outcomes for fleet operators. Its patented technology generates actionable insights for insurers and fleet operators, drawing from diverse environments to create precise risk profiles. Already deployed by several major logistics fleets and certified by ARAI in India, DrivebuddyAI's recognition by InCabin underscores its growing relevance in the global mobility and automotive landscape. "We are honored that DrivebuddyAI™ is being recognized among the most transformative in-cabin technologies globally," said Rohan Malhotra, CEO of Roadzen. "As we scale across the U.S., Europe, and Asia, our focus remains on deploying AI that can reduce accidents, optimize insurance, and unlock the next generation of driver-assist systems." Nisarg Pandya, Head of DrivebuddyAI commented, "We've built an AI driver that's been rigorously tested in India-one of the most complex and unpredictable driving environments in the world. Our technology has matured through deployment with logistics fleets that demanded real-world results and ROI-and we delivered it, achieving a 72% reduction in accidents in over 1.8 billion kilometers of real-world driving." Roadzen's inclusion in the InCabin Market Map Report coincides with increasing global demand for AI-powered driver safety solutions, especially as regulators, insurers, and automakers seek reliable platforms to meet evolving standards in vehicle automation and occupant protection. About Roadzen (NASDAQ:RDZN) is transforming global mobility through its proprietary AI technologies that enable smarter auto insurance, safer driving, and autonomous vehicle innovation. Operating in North America, Europe, and Asia, Roadzen's platforms combine computer vision, telematics, and data science to deliver next-gen mobility solutions for insurers, OEMs, and fleet operators. To learn more, visit Media ContactMonica@ SOURCE: New To The Street
Indianapolis Star
3 days ago
- Automotive
- Indianapolis Star
New to The Street's Featured Client - Roadzen's DrivebuddyAI(TM) Platform Recognized as Key Innovator in InCabin Market Map Report
NEW YORK CITY, NEW YORK / ACCESS Newswire Roadzen Inc. (NASDAQ:RDZN), a global leader at the intersection of artificial intelligence, insurance, and mobility, today announced that its flagship AI-powered platform, DrivebuddyAI™, has been prominently featured in the latest InCabin Market Map Report. The report, released in advance of InCabin USA 2025 in Detroit-the premier event for driver and occupant monitoring technologies-spotlights DrivebuddyAI™ as a key innovator shaping the future of intelligent in-cabin safety and automation. DrivebuddyAI™ is Roadzen's cutting-edge platform combines proprietary AI, computer vision, and driver behavioral analytics to deliver real-time risk driver assessments and coaching to create safer conditions and more efficient outcomes for fleet operators. Its patented technology generates actionable insights for insurers and fleet operators, drawing from diverse environments to create precise risk profiles. Already deployed by several major logistics fleets and certified by ARAI in India, DrivebuddyAI's recognition by InCabin underscores its growing relevance in the global mobility and automotive landscape. 'We are honored that DrivebuddyAI™ is being recognized among the most transformative in-cabin technologies globally,' said Rohan Malhotra, CEO of Roadzen. 'As we scale across the U.S., Europe, and Asia, our focus remains on deploying AI that can reduce accidents, optimize insurance, and unlock the next generation of driver-assist systems.' Nisarg Pandya, Head of DrivebuddyAI commented, 'We've built an AI driver that's been rigorously tested in India-one of the most complex and unpredictable driving environments in the world. Our technology has matured through deployment with logistics fleets that demanded real-world results and ROI-and we delivered it, achieving a 72% reduction in accidents in over 1.8 billion kilometers of real-world driving.' Roadzen's inclusion in the InCabin Market Map Report coincides with increasing global demand for AI-powered driver safety solutions, especially as regulators, insurers, and automakers seek reliable platforms to meet evolving standards in vehicle automation and occupant protection. About Roadzen Inc. Roadzen (NASDAQ:RDZN) is transforming global mobility through its proprietary AI technologies that enable smarter auto insurance, safer driving, and autonomous vehicle innovation. Operating in North America, Europe, and Asia, Roadzen's platforms combine computer vision, telematics, and data science to deliver next-gen mobility solutions for insurers, OEMs, and fleet operators. To learn more, visit Media Contact Monica@
Associated Press
21-04-2025
- Business
- Associated Press
Roadzen Inc. Files Multi-Million Dollar Lawsuit Against Meteora for Breach of Contract to the Terms of the Forward Purchase Agreement
NEW YORK, April 21, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ('Roadzen' or the 'Company'), a global leader in AI-driven mobility and insurance technology, announced today that it has filed a lawsuit in Florida against Meteora Capital Partners, LP ('Meteora') and affiliated entities, alleging willful breach of contract and conduct that has damaged Roadzen and its public market value. The lawsuit is pending in Palm Beach County, Florida, Case Number 50-2025-CA-003675-XXXA-MB. The lawsuit stems from a Forward Purchase Agreement (FPA) signed in August 2023, under which, as stated in the complaint, Meteora acquired 5 million shares in Roadzen at effectively a zero-cost basis. In exchange, Meteora agreed to remit proceeds from the sale of those shares to Roadzen under specific, clearly defined contractual mechanisms. Roadzen alleges that, despite negotiated safeguards, Meteora sold over 1.8 million shares without honoring its payment obligations or providing the required notices under the FPA. Roadzen is pursuing a contractual claim of approximately $19.5 million plus additional damages. 'Meteora's actions, as alleged in our complaint, reflect a willful breach of contract and a serious violation of trust,' said Rohan Malhotra, CEO of Roadzen. 'Meteora's conduct is not just a contractual breach — it undermines the fundamental principles of transparency and trust in capital markets,' Mr. Malhotra added. 'This agreement was designed to protect Roadzen and its shareholders from precisely this kind of behavior. This isn't just about a contractual dispute — it's about holding parties accountable for their actions.' According to the complaint, Meteora continued to offload shares while making misleading statements about their ownership to avoid paying what was contractually owed to Roadzen. Roadzen further notes that Meteora's position is that it owes $914,726.53 pursuant to the terms of the Forward Purchase Agreement — an amount the company rejected, citing breach of contract and evidence that the scope of Meteora's sales and resulting damage was significantly higher. The case has been filed in the Circuit Court of Palm Beach County, Florida. Roadzen is represented by Gunster, Yoakley & Stewart, P.A. About Roadzen Inc. Roadzen Inc. (Nasdaq: RDZN) is a global technology company transforming auto insurance using advanced artificial intelligence (AI). Thousands of clients, from the world's leading insurers, carmakers, and fleets to dealerships and auto insurance agents, use Roadzen's technology to build new products, sell insurance, process claims, and improve road safety. Roadzen's pioneering work in telematics, generative AI, and computer vision has earned recognition as a top AI innovator by publications such as Forbes, Fortune, and Financial Express. Roadzen's mission is to continue advancing AI research at the intersection of mobility and insurance, ushering in a world where accidents are prevented, premiums are fair, and claims are processed within minutes, not weeks. Headquartered in Burlingame, California, the Company has 320 employees across its global offices in the U.S., U.K. and India. To learn more, please visit Cautionary Statement Regarding Forward Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the 'Securities Act'), and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'should,' 'could,' 'would,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' and 'continue,' or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding Roadzen's plans to pursue the lawsuit against Meteora described above, and the potential outcomes of such litigation, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in 'Risk Factors' in our Securities and Exchange Commission ('SEC') filings, including the annual report on Form 10-K we filed with the SEC on July 1, 2024. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information, please contact: Investor Contacts: [email protected] Media Contacts: Sanya Soni [email protected] or [email protected]
Associated Press
19-03-2025
- Automotive
- Associated Press
Roadzen Selected by India's Largest General Insurance Company to Manage its Roadside Assistance Program for a Second Consecutive Multi-Year Term
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 rigorous technical and commercial evaluation. Since the partnership began in 2021, Roadzen has consistently enhanced its proprietary roadside assistance platform, StrandD. The platform integrates real-time tracking, AI-driven dispatch, multilingual AI-powered customer support (FNOL), and comprehensive vehicle condition reporting using computer vision. These features significantly improve reliability, response times, and overall customer experience. Rohan Malhotra, CEO of Roadzen, expressed enthusiasm about the renewed collaboration: 'We are honored to continue earning the trust of India's largest insurance company. This renewal underscores our joint success and continuous innovation in driving safety and convenience on the road at this massive scale. Our ongoing investments in predictive algorithms ensure safer and faster roadside experiences for drivers worldwide.' About Roadzen Inc. Roadzen Inc. (Nasdaq: RDZN) is a global technology company transforming auto insurance using advanced artificial intelligence (AI). Thousands of clients, from the world's leading insurers, carmakers, and fleets to dealerships and auto insurance agents, use Roadzen's technology to build new products, sell insurance, process claims, and improve road safety. Roadzen's pioneering work in telematics, generative AI, and computer vision has earned recognition as a top AI innovator by publications such as Forbes, Fortune, and Financial Express. Roadzen's mission is to continue advancing AI research at the intersection of mobility and insurance, ushering in a world where accidents are prevented, premiums are fair, and claims are processed within minutes, not weeks. Headquartered in Burlingame, California, the Company has 320 employees across its global offices in the U.S., U.K. and India. To learn more, please visit Cautionary Statement Regarding Forward Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the 'Securities Act'), and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'should,' 'could,' 'would,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' and 'continue,' or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding the anticipated benefits of our products and solutions, strategy, demand for our products, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in 'Risk Factors' in our Securities and Exchange Commission ('SEC') filings, including the annual report on Form 10-K we filed with the SEC on July 1, 2024. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information, please contact:
Associated Press
07-03-2025
- Automotive
- Associated Press
New to The Street's Client Roadzen (NASDAQ: RDZN) Named to the Fintech40 Index of Global Fintech Leaders by L'Observatoire de la Fintech
NEW YORK, NY / ACCESS Newswire / March 7, 2025 / New to The Street, a leading financial news program featuring innovative companies and industry leaders, is proud to announce its client, Roadzen, Inc.'s (NASDAQ:RDZN) inclusion in the prestigious L'Observatoire de la Fintech's Fintech40 Index. The Fintech40 Index, introduced by L'Observatoire de la Fintech, is a benchmark that tracks the stock performance of 40 leading publicly traded fintech companies worldwide. Established in 2018, this index offers insights into how these companies are reshaping the $30 trillion global financial services industry. Commenting on the announcement, Rohan Malhotra, Founder and CEO of Roadzen said, 'Roadzen's recognition as one of the six Insurtechs included is an incredible achievement. Being the youngest public company on the index alongside global leaders like PayPal, Intuit, Coinbase, and Adyen reflects our growth and impact. We are delighted to be a part of the index with such iconic companies.' Roadzen is a global leader in AI-driven solutions at the intersection of insurance and mobility. Over the last year, Roadzen has introduced several new innovations, including MixtapeAI, an AI platform leveraging large language models (LLMs) to revolutionize customer interactions, underwriting, and claims workflows. Additionally, its drivebuddyAI platform became the first ADAS system in India to meet AIS 184 Certification standards for commercial vehicles. About Roadzen Inc. Roadzen Inc. (Nasdaq:RDZN) is a global technology company transforming auto insurance using advanced artificial intelligence (AI). Thousands of clients, from the world's leading insurers, carmakers, and fleets to dealerships and auto insurance agents, use Roadzen's technology to build new products, sell insurance, process claims, and improve road safety. Roadzen's pioneering work in telematics, generative AI, and computer vision has earned recognition as a top AI innovator by publications such as Forbes, Fortune, and Financial Express. Roadzen's mission is to continue advancing AI research at the intersection of mobility and insurance, ushering in a world where accidents are prevented, premiums are fair, and claims are processed within minutes, not weeks. Headquartered in Burlingame, California, the Company has 320 employees across its global offices in the U.S., U.K. and India. To learn more, please visit About New to The Street New to The Street is one of the longest-running U.S. and international financial news programs, airing across major business networks, including Fox Business and Bloomberg Television. As a programming platform, New to The Street provides public and private companies with earned media, commercial production, and strategic exposure to a global audience. With a growing social media presence of over 2.4 million YouTube subscribers and a multi-channel distribution strategy, New to The Street is recognized as a premier media platform for emerging brands and industry disruptors. Cautionary Statement Regarding Forward Looking Statements This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the 'Securities Act'), and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as 'may,' 'should,' 'could,' 'would,' 'expect,' 'plan,' 'anticipate,' 'believe,' 'estimate,' and 'continue,' or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding the anticipated benefits of our products and solutions, our expected revenue growth and anticipated Adjusted EBITDA breakeven timing, strategy, demand for our products, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in 'Risk Factors' in our Securities and Exchange Commission ('SEC') filings, including the annual report on Form 10-K we filed with the SEC on July 1, 2024. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For more information, please contact:
