RDZN News & Events

On the opening day of CES 2026, Roadzen entered into a definitive agreement to acquire VehicleCare, an AI-powered vehicle repair and workshop aggregation platform. The acquisition is expected to mark a significant milestone in Roadzen's evolution, positioning the Company to transform from a claims intelligence provider into a full-stack claims operating system that combines digital claims decisioning with physical repair execution. VehicleCare is a software-enabled automotive repair and claims execution platform built on a proprietary Workshop Management System. Rather than owning garages, VehicleCare aggregates and coordinates a national network of independent workshops through software, enabling scalable execution without asset ownership. VehicleCare's national network in India includes 350+ independent workshops across 21+ states, serving 15+ insurers, 15+ brokers, and 10+ fleet operators. To date, VehicleCare has executed over 40,000 claims, achieving over 30% reduction in loss cost versus OEM garages, while delivering faster-than-benchmark repair outcomes with reduced fraud and cost leakage. This execution layer is expected to enable Roadzen to offer insurers repair timeline guarantees, a capability that has historically been difficult to deliver reliably at scale. VehicleCare is currently breakeven under GAAP accounting on a standalone basis and is expected to contribute approximately $10M of revenue over the next twelve months, with additional potential upside driven by expected integration synergies. The transaction has been structured as an equity issuance at Roadzen's India subsidiary level to VehicleCare's shareholders, including its founders. Roadzen India subsidiary shares to be issued as consideration are expected to be valued at approximately $277M, resulting in approximately 2% dilution at the India subsidiary level. The transaction is not expected to result in any dilution at the Nasdaq-listed parent company level, with Roadzen's public parent expected to retain approximately 91.0% ownership of the India subsidiary once the transaction closes. The transaction is expected to close within approximately two weeks, subject to customary closing conditions.

Roadzen files to sell 10.3M ordinary shares for holders

Roadzen files to sell 19.16M ordinary shares

Roadzen announced the closing of its previously announced acquisition of majority control of EliteCover Insurance Solutions. First announced October 29, 2025, the acquisition strengthens Roadzen's position in the $80B in annual Gross Written Premiums 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. The transaction is non-dilutive and is expected to contribute over $8M in annual revenues in the next twelve months, with 25%+ Adjusted EBITDA margins. EliteCover is licensed in California, Texas, Illinois, and New Jersey, Lloyd's of London Coverholder authority, and serves intermodal, freight, logistics, and mixed-use fleets through a national agency network. Since writing its first policy in February 2025, EliteCover has scaled to an annualized premium run-rate approaching $20M, supported by more than 90 fleet clients and a pipeline of over 400 agencies representing more than $100M in potential annual premiums. Roadzen and EliteCover are integrating DrivebuddyAI, xClaims, and GDN platforms to enable predictive underwriting, driver-risk scoring, real-time claims automation, and connected roadside assistance across all EliteCover programs. Together, Roadzen and EliteCover bring a set of end-to-end capabilities unmatched in the U.S. commercial auto insurance market - AI-powered underwriting and claims, telematics-driven risk management, and integrated roadside assistance. With fleet insurance costs rising and inflation placing pressure across the sector, this technology-led model is essential to addressing the industry's most pressing challenges.