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Indian InsurTech startup Roadzen has listed its shares on the Nasdaq Global Market, with trading of its shares and warrants started on 22 September.
Established in India with a global perspective, Roadzen is focused on delivering simplified, intelligent, and safer insurance solutions to drivers worldwide. The company sees AI as a transformative force in reshaping the $800bn auto insurance market and is determined to establish itself as a leader at the intersection of AI, mobility, and insurance.
Roadzen has established partnerships with several global automotive players, including Mercedes, Audi, Volvo-Eicher, Mitsubishi, Skoda, Seat, Renault, and Dacia, as well as major insurers like Axa, Societe Generale, and Arch, and fleet companies such as CJ Darcl.
Mr Malhotra said, “There is a major area of connected car development and hardware development for cars, including chips and sensors, where I think there’s a lot of innovation to come and that India could be a substantial player because there are 1.5bn vehicles on the road.”
