NEW YORK, April 01, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (NASDAQ:RDZN) ("Roadzen" or the "Company"), a global leader in AI at the intersection of insurance and mobility, announced today that it is positioned to benefit from the recent draft regulations issued by India's Ministry of Road Transport and Highways (MoRTH) on March 20, 2025. The regulations, expected to be adopted within the next 30 days, mandate the installation of Driver Drowsiness and Attention Warning Systems (DDAWS) under AIS 184, along with other critical road safety features. Roadzen's DrivebuddyAI is the first and only system validated by the testing authority to meet the AIS 184 standard.
The new regulations require Driver Drowsiness and Attention Warning Systems, Blind Spot Information Systems, and Moving Off Information Systems for both passenger and goods-carrying commercial vehicles in the country. These rules apply to new vehicle models under categories N2, N3, M2, and M3 starting April 1, 2026, and existing models beginning October 1, 2026, covering an estimated 500,000+ new vehicles produced annually and 500,000 vehicles to be retrofitted—a market estimated at $200 million in annual revenues, with Roadzen's DrivebuddyAI as the sole compliant solution at this stage.
Roadzen's proprietary AI-powered DrivebuddyAI remains the first and only platform validated by the Automotive Research Association of India (ARAI) under AIS 184. Its advanced computer vision capabilities enable real-time driver behavior monitoring, drowsiness detection, and road safety compliance, uniquely positioning Roadzen to capture substantial revenue and market share as vehicle manufacturers and Tier-1 suppliers urgently seek compliant solutions.
Recent DrivebuddyAI Highlights:
- Surpassed 1 billion kilometers of real-world driving data, with accident reduction of up to 70%.
- Received a new patent for CARD (Cognitive Assessment of Risk for Drivers), linking personalized and contextual driver scores directly to insurance premiums.
- Became the first and only AIS 184-compliant system validated by ARAI in December 2024.
Rohan Malhotra, Roadzen's Founder and CEO, stated, "India's adoption of these new regulations marks a pivotal moment for road safety in the country. While India accounts for just 2% of the world's vehicles, it suffers over 11% of global road accident fatalities—resulting in an estimated economic loss of nearly 3% of GDP annually. We have always believed that AI is the only truly scalable solution to address these challenges and are committed to rapidly scaling our platform to meet this urgent need."
Mr. Malhotra continued, "These regulations also represent a major revenue opportunity for Roadzen. Once these draft regulations are adopted, we estimate that over a million vehicles would require this technology in the first year alone, opening up a market of initial revenue opportunities totaling approximately $200 million — and growing. As the only player in India to have received validation and approval following extensive road testing of our DrivebuddyAI platform by the ARAI, we expect this regulatory shift to significantly accelerate both adoption and revenue. We are actively expanding our marketing and partnerships to seek to scale and capture this tremendous market opportunity."
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 320 employees across its global offices in the U.S., U.K. and India. To learn more, please visit www.roadzen.ai.
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