Roadzen Acquires VehicleCare for Approximately $277 Million
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.
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Roadzen (RDZN) Acquires VehicleCare for $277 Million Valuation
- Acquisition Agreement: Roadzen Inc. announced a definitive agreement to acquire VehicleCare, an AI-powered vehicle repair platform, structured as an equity issuance valued at approximately $277 million, resulting in about 2% dilution at the India subsidiary level while maintaining around 91% ownership at the parent company level.
- Revenue Growth Expectation: The acquisition is projected to add nearly $10 million in revenue over the next twelve months post-closing, with expectations of profitability under GAAP accounting rules, thereby enhancing the company's financial performance.
- Network Expansion Advantage: VehicleCare's national network in India consists of over 350 independent workshops across 21 states, serving 15 insurers and over 10 fleet operators, having executed over 40,000 claims and achieving a more than 30% reduction in loss costs, providing Roadzen with a robust market foundation.
- Technological Integration Capability: This acquisition will enable Roadzen to offer insurers repair timeline guarantees, a capability that has historically been challenging to deliver reliably at scale, thereby enhancing customer satisfaction and strengthening market competitiveness.
