Roadzen Chosen by One of the World’s Largest LPG Carriers to Bring AI to its Fleet for Road Safety and Compliance
09 Dezembro 2024 - 1:45PM
Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global
leader in AI at the convergence of insurance and mobility, today
announced that a leading liquefied petroleum gas (LPG) supplier in
India—a wholly owned subsidiary of one of the world’s largest LPG
companies—will outfit its entire truck fleet with Roadzen’s
drivebuddyAI. The system will monitor driver fatigue and provide
real-time feedback to drive improvements in safety and compliance.
Roadzen’s drivebuddyAI was selected following a
comprehensive five-month validation process, competing against the
world’s leading video telematics and ADAS vendors. The contract,
which carries a term of five years for more than 500 vehicles, is
expected to deliver over seven figures in revenue over the
term.
As the first system to receive Automotive
Research Association of India (ARAI) certification under India’s
Automotive Industry Standard 184, Roadzen’s DrivebuddyAI offers an
unparalleled suite of advanced features designed to enhance driver
safety, mitigate risks, improve driver performance, and optimize
fleet operations. Leveraging state-of-the-art artificial
intelligence and machine learning algorithms combined with
video-telematics, DrivebuddyAI enables real-time monitoring, audio
warnings and tagging recorded incidents, predictive analytics, and
proactive collision avoidance capabilities. Featuring 98-point
landmark tracking focused on the driver’s eye movement combined
with 2-way communications, DrivebuddyAI is at the forefront of
innovation for in-cabin analysis incorporating the most advanced
safety features including distraction alert, drowsiness alert,
focus monitoring, and emotion tracking capabilities.
Rohan Malhotra, founder and CEO of Roadzen,
commented, “LPG suppliers and distributors care deeply about road
safety due to the sensitive nature of cargo being transported.
We’re seeing some of the leading players in this space adopt AI to
enhance safety features across their fleets and reduce insurance
premiums. As the first and only Advanced Driver Assistance System
currently validated by the government of India to offer an
integrable solution to vehicles seeking compliance with the AIS184
regulation— which is closely aligned with EU 2144 in Europe—we
expect traction not just in India but also across European markets
where safety and compliance remain top priorities. We’re looking at
a highly active sales calendar for DrivebuddyAI and are fully
prepared to meet the demand.”
For more information
about Roadzen Inc. and DrivebuddyAI, 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 Roadzen 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 379 employees across its global offices
in the US, India, UK, and France. To learn more, please visit
www.roadzen.ai
Media Contacts:
Sanya Soni: sanya@roadzen.aiGutenberg:
roadzen@thegutenberg.com
Investor Contacts:
Yvonne Zappulla: yvonne@roadzen.ai
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