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.
The AIS 184 standard, expected to be mandated for all 4 million
commercial vehicles in India by FY 2026, defines stringent
technical and procedural requirements for driver monitoring,
drowsiness detection, and road safety compliance. Following months
of extensive validation and road testing by ARAI, DrivebuddyAI
emerged as the sole compliant, integrable, driver safety system for
auto OEMs looking to adopt the standard.
Transforming Road Safety Through Computer
Vision
Leveraging DrivebuddyAI’s custom neural networks built to
analyze objects, road markings, traffic signs, driver behavior, and
the behavior of other road users to make informed driving
decisions, the system offers a comprehensive suite of real-time
safety features, including:
- Distraction
and drowsiness alerts
- Predictive
collision warnings
- Driver
behavior monitoring, such as seatbelt compliance, phone
usage detection, and smoking alerts
- In-cabin
analysis powered by 98-point driver eye-movement
tracking
- Seamless
2-way communication for fleet optimization
In another milestone, DrivebuddyAI has surpassed one
billion kilometers of real-world driving data, enabling
continuous improvements in driver safety and monitoring while
addressing critical needs for fleet operators, carmakers, and
insurers. This data is also invaluable for training
autonomous vehicle (AV) systems, offering insights
across diverse road environments.
Rohan Malhotra, the Company’s founder and CEO,
commented:"India, one of the fastest-growing economies globally, is
undergoing massive infrastructure expansion, driving unprecedented
demand for heavy commercial vehicles. With over 4 million trucks
today projected to grow to 17 million by 2050, safety and
compliance have become critical. We’re proud to be the first and
only company to meet India’s rigorous AIS 184 requirements while
achieving the extraordinary milestone of a billion kilometers of
real-world driving data."
Mr. Malhotra added:"Imagine a network of connected vehicles
functioning as a continuous mesh of camera sensors, capturing
real-time data on road conditions, traffic flow, and driver
behavior. This is the future of mobility, and we are powering
it."
Nisarg Pandya, Head of DrivebuddyAI,
emphasized:"Studies show that up to 50% of road accidents are
caused by fatigue or distraction. With India set to mandate Driver
Monitoring Systems (DMS) by 2026 and Europe, the U.S., and China
following suit, DrivebuddyAI is positioned to lead the global shift
toward AI-driven safety compliance. The global ADAS market, valued
at $24.5 billion in 2023, is growing at 18.2% annually, with India
outpacing at 18.8% to reach $9.98 billion by 2032. We are committed
to capturing a significant share of this transformative
market."
For more information about Roadzen Inc., please visit
https://roadzen.ai/.
About Roadzen Inc. Roadzen Inc.
(Nasdaq: RDZN) is a global technology company transforming auto
insurance using advanced artificial intelligence (AI). Thousands of
clients, from the world’s leading insurers, carmakers, and fleets
to dealerships and auto insurance agents, use Roadzen’s technology
to build new products, sell insurance, process claims, and improve
road safety. Roadzen’s pioneering work in telematics, generative
AI, and computer vision has earned recognition as a top AI
innovator by publications such as Forbes, Fortune, and Financial
Express. Roadzen’s mission is to continue advancing AI research at
the intersection of mobility and insurance, ushering in a world
where accidents are prevented, premiums are fair, and claims are
processed within minutes, not weeks. Headquartered in Burlingame,
California, the Company has 360 employees across its global offices
in the U.S., India, U.K. and France. To learn more, please visit
www.roadzen.ai.
Cautionary Statement Regarding Forward
Looking StatementsThis press release includes
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended (the “Securities Act”), and
Section 21E of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”). We have based these forward-looking statements on
our current expectations and projections about future events. These
forward-looking statements are subject to known and unknown risks,
uncertainties and assumptions about us that may cause our actual
results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity,
performance or achievements expressed or implied by such
forward-looking statements. In some cases, you can identify
forward-looking statements by terminology such as “may,” “should,”
“could,” “would,” “expect,” “plan,” “anticipate,” “believe,”
“estimate,” and “continue,” or the negative of such terms or other
similar expressions. Such statements include, but are not limited
to, statements regarding our expected revenue growth, strategy,
demand for our products, expansion plans, future operations, future
operating results, estimated revenues, losses, projected costs,
prospects, plans and objectives of management, as well as all other
statements other than statements of historical fact included in
this press release. Factors that might cause or contribute to such
a discrepancy include, but are not limited to, those described in
“Risk Factors” in our Securities and Exchange Commission (“SEC”)
filings, including the annual report on Form 10-K we filed with the
SEC on July 1, 2024. We urge you to consider these factors, risks
and uncertainties carefully in evaluating the forward-looking
statements contained in this press release. All subsequent written
or oral forward-looking statements attributable to our company or
persons acting on our behalf are expressly qualified in their
entirety by these cautionary statements. The forward-looking
statements included in this press release are made only as of the
date of this release. Except as expressly required by applicable
securities law, we disclaim any intention or obligation to update
or revise any forward-looking statements whether as a result of new
information, future events or otherwise.
For more information, please
contact:Investor Contacts: IR@roadzen.ai
Media Contacts:Roadzen: Sanya Soni
sanya@roadzen.ai or media@roadzen.aiGutenberg:
roadzen@thegutenberg.com
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