Roadzen's DrivebuddyAI Awarded Patent for AI-Driven Driver Risk Assessment, Transforming Global Road Safety
- Nasdaq-listed AI mobility tech leader secures key intellectual property for computer vision-based driver risk assessment method Nasdaq-listed AI mobility tech leader secures key intellectual property for computer vision-based driver risk assessment method
- 03/11/2025
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Roadzen's MixtapeAI Wins ‘Best AI in Deep Tech' at the Entrepreneur AI Awards 2025
- NEW YORK, March 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 that it has been selected as Best AI in Deep Tech at the Entrepreneur AI Awards Summit 2025 held in Bangalore India. Roadzen's MixtapeAI was recognized for transforming customer experience in auto insurance and mobility by automating complex workflows, from claims processing and roadside assistance to policy administration. Integrating cutting-edge foundation models like those from OpenAI, Google, Anthropic, and Meta, and powered by DeepSeek R1, MixtapeAI offers advanced reasoning and ensures data sovereignty for enterprise clients across US, Europe and India.
- 03/06/2025
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Roadzen Reports Fiscal Third Quarter and First Nine-Months FY2025 Financial Results
- NEW YORK, Feb. 12, 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 its financial results for the three and nine-month periods ended December 31, 2024.
- 02/12/2025
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Roadzen Strengthens Balance Sheet, Eliminates $5.5 Million in Short-Term Liabilities By Paying $1.65 million in Cash
- Roadzen has eliminated a total of $12.6 million in short-term liabilities over the last six months utilizing $1.65 million in cash and approximately 1.2 million ordinary shares priced at $2.80 per share Roadzen has eliminated a total of $12.6 million in short-term liabilities over the last six months utilizing $1.65 million in cash and approximately 1.2 million ordinary shares priced at $2.80 per share
- 02/04/2025
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Roadzen Adds DeepSeek R1 to Mixtape, Delivering Advanced Reasoning and Data Sovereignty for Insurance and Mobility AI Agents
- NEW YORK, Jan. 28, 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 the integration of DeepSeek's open-source reasoning model into Roadzen's recently launched MixtapeAI platform. The combination of these groundbreaking technologies, available as of today, brings advanced reasoning-based AI agent capability to businesses in the insurance and mobility sectors while maintaining strict data sovereignty.
- 01/28/2025
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Roadzen Inc. Announces Closing of Public Offering
- NEW YORK, Jan. 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 closing of its previously announced public offering of 2,222,300 ordinary shares (the “Offering”) on a best efforts basis at a public offering price of $2.25 per share, for gross proceeds of $5,000,175, before deducting placement agent discounts, commissions and Offering expenses. All of the ordinary shares were sold by the Company.
- 01/06/2025
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Roadzen Inc. Announces Pricing of Offering
- NEW YORK, Jan. 03, 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 pricing of a best-efforts offering of 2,222,300 ordinary shares at a public offering price of $2.25 per share, for gross proceeds of approximately $5,000,000, before deducting placement agent fees and offering expenses. All of the ordinary shares are being offered by the Company. The offering is expected to close on January 6, 2025, subject to satisfaction of customary closing conditions.
- 01/03/2025
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Roadzen Partners with Simple Energy and a Leading Global Reinsurer to Provide AI-Driven Extended Warranty for Electric Two-Wheelers
- NEW YORK, Dec. 31, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced its partnership with Simple Energy, a new-age player building high-range electric two-wheelers, and a leading global reinsurer to offer extended warranties for Simple Energy's vehicles. The reinsurer provides the underwriting capacity and is responsible for paying claims.
- 12/31/2024
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Roadzen's drivebuddyAI Partners with Bosch to Advance AI-Driven Road Safety
- Partnership expands global opportunity for Roadzen's AI-powered ADAS and DMS platform for Fleets and OEMs Partnership expands global opportunity for Roadzen's AI-powered ADAS and DMS platform for Fleets and OEMs
- 12/19/2024
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Roadzen Expands its AI Based Claims Contract with One of the Top 10 P&C Insurers in India
- NEW YORK, Dec. 18, 2024 (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 its existing client National Insurance Company Ltd. (“NICL”) has expanded the geographical scope for Roadzen's AI powered XClaim Product. NICL has a total of 34 Regional Offices, of which 10 joined Roadzen's AI-powered XClaim platform. Based upon strong performance, NICL has expanded its contract with Roadzen to include an additional 4 regional offices, effective January 1, 2025.
- 12/18/2024
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Roadzen Inc. Announces Closing of Public Offering
- NEW YORK, Dec. 17, 2024 (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 closing of its previously announced underwritten public offering of 2,300,000 ordinary shares (or pre-funded warrants (("Pre-funded Warrants")) in lieu thereof), including 300,000 shares sold upon full exercise of the underwriter's option to purchase additional shares (the “Offering”) at a public offering price of $1.25 per share (inclusive of the Pre-Funded Warrant exercise price), for gross proceeds of $2,875,000, before deducting underwriting discounts, commissions and Offering expenses. All of the ordinary shares (and/or Pre-funded Warrants) were sold by the Company.
- 12/17/2024
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Roadzen Inc. Announces Pricing of Public Offering
- NEW YORK, Dec. 15, 2024 (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 pricing of an underwritten public offering of 2,000,000 ordinary shares (or pre-funded warrants ("Pre-funded Warrants") in lieu thereof) at a public offering price of $1.25 per share (inclusive of the Pre-Funded Warrant exercise price), for gross proceeds of $2,500,000, before deducting underwriting discounts, commissions and offering expenses. All of the ordinary shares (and/or Pre-funded Warrants) are being offered by the Company. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 300,000 ordinary shares (and/or Pre-funded Warrants) at the public offering price less discounts and commissions, to cover over-allotments. The offering is expected to close on December 17, 2024, subject to satisfaction of customary closing conditions.
- 12/15/2024
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Roadzen Wins Prestigious IFTA Excellence in InsurTech Award
- NEW YORK, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, announced that it was honored today with the IFTA Excellence in InsurTech award by the India FinTech Forum. The award recognizes Roadzen's outstanding achievements in demonstrating exceptional innovation, efficiency, and customer impact in the insurance industry.
- 12/12/2024
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Roadzen and Mizuho Agree To Extend Senior Debt Maturity by Full year to December 31, 2025
- NEW YORK, Dec. 12, 2024 (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, a leading global investment bank and securities firm, to extend the maturity date of its $11.5 million 15% senior secured notes by one year, to December 31, 2025, providing additional financial flexibility for the Company. The completion of the extension is subject to, among other things, the negotiation of definitive agreements for the extension and satisfaction of the conditions negotiated therein.
- 12/12/2024
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3 Beaten-Down Small Caps Building Momentum for a 2025 Rally
- Beaten-down stocks can, at first glance, look like an opportunity to buy in at a cheap price. However, stocks usually have a reason to be down significantly.
- 12/12/2024
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Roadzen Partners with Cimarron Underwriters, LLC to Secure MGA Licensing Capabilities Across All 50 U.S. States
- NEW YORK, Dec. 11, 2024 (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 executed a Memorandum of Understanding (MOU) for a partnership with Cimarron Underwriters, LLC (“Cimarron”). Through this proposed partnership, Roadzen will leverage Cimarron's nationwide Managing General Agent (MGA) licenses and infrastructure to expand the distribution of its insurance offerings across all 50 U.S. states.
- 12/11/2024
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Roadzen's National Automobile Club Signs Contract with Motive, One of the Largest AI-powered Fleet Management Companies
- New partnership delivers emergency roadside assistance and towing services with substantial savings to all Motive customers New partnership delivers emergency roadside assistance and towing services with substantial savings to all Motive customers
- 12/10/2024
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Roadzen Chosen by One of the World's Largest LPG Carriers to Bring AI to its Fleet for Road Safety and Compliance
- NEW YORK, Dec. 09, 2024 (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 a leading liquefied petroleum gas (LPG) supplier in India—a wholly owned subsidiary of one of the world's largest LPG companies—will outfit its entire truck fleet with Roadzen's drivebuddyAI. The system will monitor driver fatigue and provide real-time feedback to drive improvements in safety and compliance.
- 12/09/2024
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Roadzen's DrivebuddyAI Secures India's Only ARAI Certification for AI-Powered Advanced Driver Safety; Surpasses One Billion Kilometers of Real-World Driving Data
- NEW YORK, Dec. 06, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company"), a global leader in AI at the convergence of insurance and mobility, today announced two major milestones: its proprietary, computer vision-powered Advanced Driver Assistance System (ADAS) platform, DrivebuddyAI, has become the first-ever system to receive Automotive Research Association of India (ARAI) certification under India's Automotive Industry Standard 184 (AIS 184) and has crossed one billion kilometers of real-world driving data. These accomplishments establish DrivebuddyAI as a pioneer in real-world AI and road safety.
- 12/06/2024
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Roadzen Reports Fiscal Second Quarter and First Half FY2025 Financial Results
- NEW YORK, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its second quarter and six-month financial results for the period ended September 30, 2024.
- 11/13/2024
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Roadzen Unveils MixtapeAI: Next-Generation AI Agents for the Insurance Industry
- NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a pioneer in AI-driven insurance technology, has launched MixtapeAI, a platform designed to power AI agents and transform customer interactions in the insurance and mobility sectors. With MixtapeAI, insurers, brokers, agents, carmakers, and fleets can deliver intelligent, personalized, and secure customer experiences while automating complex workflows across multiple touchpoints.
- 10/30/2024
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Roadzen to Present at the ThinkEquity Investor Conference October 30, 2024
- NEW YORK, October 18, 2024 – PRISM MediaWire – Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced that it will be participating in The ThinkEquity Conference on October 30, 2024, at the Mandarin Oriental Hotel in New York.
- 10/18/2024
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Roadzen Reports its Best Fiscal First Quarter Results in Q1 2025 Buoyed By Strong Year-Over-Year Revenue Growth and Addition of Several Marquee Clients
- NEW YORK, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its first quarter financial results for the three-months ended June 30, 2024.
- 08/13/2024
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Roadzen Secures Mizuho Debt Extension and Facility Increase
- Additional $4 Million and Extension of Maturity on Existing $7.5 Million Facility Additional $4 Million and Extension of Maturity on Existing $7.5 Million Facility
- 07/26/2024
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Roadzen CEO and Chairman Agree to Exchange $3.5 Million of Short-Term Debt for Equity in the Company
- NEW YORK, July 18, 2024 (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 the Company's Special Committee of Independent Directors has unanimously approved a plan for certain related parties to release $3.5 million of short-term debt in exchange for ordinary shares of RDZN. The related parties that have executed binding term sheets and agreed to the exchange include Roadzen's CEO, Rohan Malhotra, and Pi Capital International Inc. and its affiliate Marco Polo Securities, Inc., which is principally owned by Roadzen's Chairman of the Board.
- 07/18/2024
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Reading Penny Stocks Financial Statements, 3 Tips
- Investing in penny stocks can be a lucrative venture for those who understand how to navigate financial statements effectively. Penny stocks, often priced under $5 per share, provide opportunities for significant returns on investment, but they require careful analysis and a strategic approach to financial statements.
- 07/03/2024
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Why Is Roadzen (RDZN) Stock Up 75% Today?
- The artificial intelligence arms race may have uncovered a new stock that investors should be watching. Roadzen (NASDAQ: RDZN ) is bring AI to the world of auto insurance and according to its recent earnings report, business has been good.
- 07/02/2024
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Roadzen Earnings: Avoid Or Become Roadkill
- Roadzen's share price surged over 50% premarket, providing relief to shareholders after a significant decline in the past 2 months. Despite a promising AI-driven value proposition in auto insurance, Roadzen's heavily leveraged balance sheet and volatile revenue growth rates present significant risks. With looming debt obligations and an uncertain near-term outlook, investors are advised to avoid investing in Roadzen at this time.
- 07/02/2024
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Roadzen Reports Record Revenue Growth in its First Fiscal Year as a Public Company
- NEW YORK, July 01, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced its results for the twelve-months ended March 31, 2024.
- 07/01/2024
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Roadzen's xClaim Platform Selected by Top 6 Indian P&C Insurer to Bring AI to Claims Processing
- Oriental Insurance Company Limited (OICL), one of the leading Property & Casualty insurance carriers in India, partners with Roadzen for advanced claims management Oriental Insurance Company Limited (OICL), one of the leading Property & Casualty insurance carriers in India, partners with Roadzen for advanced claims management
- 06/25/2024
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Roadzen Onboards New Commercial Auto Insurance Partner in India, Projected to Deliver Over $10 Million in Annual Revenue
- Roadzen's New Partnership with Commercial Auto Agency Network Adds 1,200 Strong Salesforce, Expected to Deliver Upwards of $65 Million in Gross Written Premium Providing Coverage for Over 300,000 Vehicles Roadzen's New Partnership with Commercial Auto Agency Network Adds 1,200 Strong Salesforce, Expected to Deliver Upwards of $65 Million in Gross Written Premium Providing Coverage for Over 300,000 Vehicles
- 06/12/2024
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Roadzen to Participate on the InsurTech Panel at the Jefferies Global FinTech Conference on June 12, 2024
- NEW YORK, June 05, 2024 (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 will participate in the upcoming Jefferies Global FinTech Conference, which is being held June 12-13, 2024, at the Park Hyatt in New York City.
- 06/05/2024
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Roadzen Set to Join Russell 2000® and Russell 3000® Indexes
- NEW YORK, May 30, 2024 (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 the Company is set to be added to the Russell 2000, Russell 3000, and Russell Microcap Indexes as part of the annual reconstitution of the Russell stock indexes, effective at the US market open on Monday, July 1, 2024. A preliminary list of Russell 3000 Index additions, including Roadzen, was posted by FTSE Russell on May 24, 2024.
- 05/30/2024
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Roadzen's AI Technology And Business Model Will Turbocharge Its Growth (Rating Upgrade)
- Roadzen has developed over 150 AI models to improve insurance processes and reduce claims time. Roadzen runs both an embedded distribution and a B2B2C distribution business model. Running both business models gives the company a competitive advantage. Roadzen's MRQ financial report (Q3 FY24) shows significant sales growth, but the company needs to cut operational expenses to operational breakeven and eventual profitability.
- 05/29/2024
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Roadzen to Participate in Fireside Chat at the Maxim Group TMT Conference on June 4, 2024
- NEW YORK, May 24, 2024 (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 will participate in the upcoming Maxim Group Virtual TMT Conference.
- 05/24/2024
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Dalmia Transport Selects Roadzen's DrivebuddyAI to Enhance Fleet Safety with Advanced Computer Vision
- NEW YORK, April 29, 2024 (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 Dalmia Transport & Logistics ("Dalmia") has selected Roadzen's proprietary ADAMATICS technology platform, DrivebuddyAI, for its fleet operations. Roadzen's strategic partnership with Dalmia will span five years. The selection of Roadzen's technology was finalized after a comprehensive three-month validation process of DrivebuddyAI by Dalmia.
- 04/29/2024
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Roadzen CEO Rohan Malhotra Awarded ‘Innovative Entrepreneur
- NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) — Rohan Malhotra, CEO of Roadzen Inc. (NASDAQ: RDZN), was honored with the ‘Innovative Entrepreneur of the Year’ award at the prestigious 2024 Economic Times Entrepreneurs Summit and Awards. The ceremony, held last evening in New Delhi, showcased Malhotra’s leadership and Roadzen’s achievements in AI, highlighting the company’s … The post Roadzen CEO Rohan Malhotra Awarded ‘Innovative Entrepreneur appeared first on Headlines of Today...
- 03/15/2024
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Roadzen CEO Rohan Malhotra Awarded 'Innovative Entrepreneur of the Year' at the Economic Times Summit
- NEW YORK, March 15, 2024 (GLOBE NEWSWIRE) -- Rohan Malhotra, CEO of Roadzen Inc. (NASDAQ: RDZN), was honored with the ‘Innovative Entrepreneur of the Year' award at the prestigious 2024 Economic Times Entrepreneurs Summit and Awards. The ceremony, held last evening in New Delhi, showcased Malhotra's leadership and Roadzen's achievements in AI, highlighting the company's success in bringing its innovations to global markets.
- 03/15/2024
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Roadzen Appoints Bruce Goldberg as General Counsel
- Mr. Goldberg brings over thirty years of executive experience demonstrating Roadzen's strategic commitment to strengthen its leadership team Mr. Goldberg brings over thirty years of executive experience demonstrating Roadzen's strategic commitment to strengthen its leadership team
- 03/05/2024
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Roadzen Sets New Revenue Milestone for the Third Quarter Ended December 31, 2023
- 372% Year-Over-Year Increase Quarterly revenue of $15.64 million, a 372% increase year-over-year. Net loss of $30.57 million is impacted by non-cash, non-recurring and extraordinary items leading to an Adjusted EBITDA1 loss of $3.1 million, a 14% improvement in Adjusted EBITDA over the second quarter.
- 02/12/2024
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Roadzen Appoints Jean-Noël Gallardo as Global Chief Financial Officer
- NEW YORK, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN), a global pioneer in AI-driven insurance and mobility solutions, today announced the appointment of Jean-Noël Gallardo as its new Chief Financial Officer. Mr. Gallardo brings over two decades of experience in financial planning and analysis, treasury management, compliance, fundraising, and M&A, making him an integral addition to the Roadzen leadership team.
- 01/08/2024
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Roadzen Joins Hands with IBM, Meta, and Other Industry Leaders as a Founding Member of the AI Alliance to Advance Open, Safe, and Responsible AI
- NEW YORK, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ: RDZN), a global leader in AI-driven auto insurance, today announced its role as a founding member of the AI Alliance, an international collaboration of over 50 leading organizations across industry, academia, and policy in advancing open, safe and responsible AI. The AI Alliance is committed to creating opportunities through a diverse range of institutions that can shape the evolution of AI in ways that better reflect the needs and complexity of our society.
- 12/05/2023
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Roadzen Partners with HCLTech to deliver AI-driven auto insurance solutions for US carriers and automotive customers
- NEW YORK and NOIDA, India, Dec. 01, 2023 (GLOBE NEWSWIRE) -- HCLTech, a global technology company, and Roadzen, a leading AI-driven auto insurance technology company, announced a collaboration to harness the power of AI and data engineering to deliver benefits to both auto insurance carriers as well as their customers.
- 12/01/2023
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