Roadzen signs letter of intent for $30M capacity with U.S. carrier

Roadzen (RDZN) announced that its U.S. operations have signed a letter of intent with a leading U.S. commercial insurance carrier for a dedicated commercial auto insurance program. The LOI contemplates $30M in annual underwriting capacity in year 1, scaling to $50M over three years, supporting Roadzen’s expansion in the U.S. commercial auto insurance market. “Commercial auto insurance in the U.S. is a category where rates have been rising for years, and operators need partners who can help them manage risk rather than just price it,” said Rohan Malhotra, founder and CEO of Roadzen. “This LOI, paired with our existing capacity and integrated with drivebuddyAI and National Auto Club, allows us to offer carriers and fleets a fully integrated solution – underwriting, distribution, roadside assistance, claims, and AI-driven risk management in one stack.”