Roadzen Completes Acquisition of Majority Control of EliteCover
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.
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New to The Street Broadcasts Show #716 Featuring SDST and Others
- Broadcast Timing: New to The Street will air Show #716 tonight at 6:30 PM Eastern Time on Bloomberg Television, enhancing its influence in the business media landscape by showcasing various public companies.
- Company Highlights: The episode will spotlight Stardust Power Inc. (NASDAQ:SDST), BioVie Inc. (NASDAQ:BIVI), and Roadzen Inc. (NASDAQ:RDZN), showcasing innovations in critical minerals, biotechnology, and AI-driven mobility and insurance solutions, aimed at attracting investor interest.
- Celebrity Features: The show will also include special segments with Kelsey Grammer discussing his new book KAREN and Andrew Shaw introducing his nonprofit 250DAYS.ORG, emphasizing the importance of mental health awareness and recovery, thereby enhancing the program's social impact.
- International Expansion Plans: New to The Street plans to launch its international version in the MENA region on January 24, 2026, further expanding its global reach, while also preparing to launch the Spanish-language platform Nuevo En La Calle, showcasing its diversified media strategy.
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.
