Roadzen partners with major two-wheeler maker for EV roadside assistance

NEW YORK - Roadzen Inc. (NASDAQ:RDZN), a technology company currently valued at $77 million and trading near $1.06, announced Thursday a partnership with one of the world’s largest two-wheeler manufacturers to provide connected roadside assistance for electric vehicles across India. According to InvestingPro data, analysts anticipate sales growth for Roadzen in the current year, despite recent market challenges.

The collaboration will integrate Roadzen’s AI-powered platform into a new line of electric and connected vehicles, allowing customers to request roadside assistance directly from the vehicle’s dashboard or through a mobile app.

The unnamed OEM partner serves over 100 million vehicles globally, including more than 60 million two-wheelers in India, and sells over 5 million new vehicles annually in the country.

Roadzen’s platform uses AI agents to dispatch and track service in real time, providing visibility to both customers and the manufacturer. The company’s StrandD roadside assistance network operates 24/7 to log incidents, optimize dispatch, manage workflows, and deliver status updates.

"Two-wheelers dominate India’s mobility landscape and India is going to lead the global mandate in electric 2W, and this is exactly the kind of scale our technology is built to address," said Rohan Malhotra, CEO of Roadzen.

The partnership aims to address concerns around electric vehicle range anxiety, breakdowns, and reliability in remote areas by embedding support capabilities within the vehicles.

Roadzen Inc., headquartered in Burlingame, California, employs 308 people across offices in the U.S., India, U.K., and France. The company specializes in AI technology for auto insurance, telematics, and computer vision.

This information is based on a press release statement from Roadzen Inc.

In other recent news, Roadzen Inc. announced a partnership between its UK subsidiary, Global Insurance Management Limited, and a major UK car retailer to offer Guaranteed Asset Protection (GAP) insurance to over 60,000 annual vehicle buyers. This collaboration is expected to enhance the purchasing process by integrating Roadzen’s technology for seamless customer engagement and policy servicing. Additionally, Roadzen has secured a patent in India for its DrivebuddyAI platform’s Real-Time Driver Drowsiness Detection Algorithm, which aims to reduce accidents by providing early alerts for driver fatigue. This development aligns with upcoming Indian regulations mandating such systems in commercial vehicles by 2026. Roadzen has also partnered with a telematics provider to introduce a vehicle protection solution in the UK, combining telematics-enabled tracking with GAP insurance to address rising vehicle theft rates. Meanwhile, Supergas, a subsidiary of SHV Energy, has selected Roadzen’s DrivebuddyAI platform to improve fleet safety, focusing on real-time driver monitoring. In legal matters, Roadzen has filed a lawsuit against Meteora Capital for an alleged breach of contract related to a Forward Purchase Agreement, claiming $19.5 million in damages. These recent developments underscore Roadzen’s ongoing efforts to expand its technological footprint and address critical market challenges.

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