Roadzen’s DrivebuddyAI Awarded Patent for AI-Driven Driver Risk Assessment, Transforming Global Road Safety
11 March 2025 - 11:15PM
Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global
leader in AI at the intersection of insurance and mobility, today
announced that its drivebuddyAI platform has been granted a patent
in India for its Cognitive Assessment of Risk for Drivers (CARD)
scoring system, with patents pending in the U.S. and Europe.
While traditional driver scoring models focus on
isolated risks such as hard braking and speeding, drivebuddyAI’s
Cognitive Assessment of Risk for Drivers (CARD) system takes a
comprehensive and context-aware approach. It analyzes simultaneous
hazards like drowsiness, collision warnings, seatbelt or phone-use
violations, and environmental factors such as road conditions and
weather. A clustering algorithm correlates compounding issues—for
example, speeding on wet roads or drowsy driving during late
hours—to yield real-time risk insights. Through personalized
coaching and a rewards-and-penalties framework, the system fosters
safer driving behaviors and supports fleet operators and insurers
with risk-based premium calculations and proactive safety
interventions.
Our experience with thousands of drivers
generating over a billion kilometers of driving data has proven
the need for an integrated approach that unifies multiple data
streams into a contextual algorithm. The net result
of our comprehensive system approach has delivered up to 70%
reduction in accidents,” said Nisarg Pandya, CEO at
drivebuddyAI. “By precisely weighting each risk factor and
providing real-time insights, we empower fleets to proactively
enhance safety and efficiency.”
Roadzen’s DrivebuddyAI also recently became the
first system to receive Automotive Research Association of India
(ARAI) validation under India’s AIS 184 standard—expected to be
mandatory for all six million commercial vehicles in India by
2026—making it the only fully compliant driver safety system
available for automotive OEMs.
“Embodied AI—or agents that perceive, learn, and
make decisions while operating in the real world—represents an
incredible opportunity to transform both insurance and mobility,
industries that exceed a trillion dollars in annual spend. Every
driver benefits from improved road safety, while insurers gain more
precise control of underwriting through our CARD scoring algorithm.
We see this as a win-win for everyone. Our innovations show that
Roadzen remains peerless in this vertical, and we plan to continue
innovating for sustained growth,” said Rohan Malhotra, Founder and
CEO of Roadzen.
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.
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 the anticipated benefits of our products
and solutions, 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.aiMedia Contacts:
Sanya Soni sanya@roadzen.ai or media@roadzen.ai
Roadzen (NASDAQ:RDZN)
Historical Stock Chart
From Mar 2025 to Apr 2025
Roadzen (NASDAQ:RDZN)
Historical Stock Chart
From Apr 2024 to Apr 2025