Announcement • Jun 15

Roadzen Inc. Subsidiary drivebuddyAI Receives Patent for Real-Time Lane Detection System and Demonstrates Technology At Incabin Detroit 2026

Roadzen Inc. subsidiary drivebuddyAI has been granted a patent for a Real-Time Automotive Lane Region of Interest (ROI) Detection System — a material advance in ADAS precision for commercial and passenger vehicles, and a foundational building block for next-generation autonomous driving architectures. The invention addresses a persistent limitation in conventional lane detection: the inability to perform reliably across variable road conditions, lighting environments, and vehicle types. Key innovations include: Automated Frame Validation — An AI evaluation module scores video frames across lane visibility, geometry, vehicle positioning, and lighting. Only high-confidence frames drive lane ROI computation, materially reducing false alerts. Vehicle-Specific ROI Adaptation — Parameters adjust dynamically by vehicle type: precision-focused for passenger cars, stability-weighted for trucks, passenger safety-prioritised for buses. Dual-Camera Architecture — Road-facing and driver-facing cameras feed a unified AI pipeline, enabling simultaneous environmental and driver-state awareness. Level 2/3 Autonomy Compatibility — The system is architecturally compatible with Level 2 and Level 3 autonomous driving implementations, including Autonomous Emergency Braking (AEB), lane-keep assist, and advanced path planning for complex traffic scenarios. The architecture is designed to scale toward higher autonomy levels as regulatory frameworks and vehicle platforms evolve. Lane region of interest detection sits at the core of any credible autonomy stack. Reliable, real-time lane boundary intelligence is a prerequisite for AEB, lane-centering, and ultimately full path planning — the building blocks of Level 3 and beyond. drivebuddyAI's patented approach, validated against demanding real-world conditions rather than controlled datasets, is designed to perform where conventional systems fail: in poor lane marking environments, complex intersections, adverse weather, and high-density mixed traffic. drivebuddyAI remains the only platform validated in India under AIS-184 and in Europe under EU GSR 2144 and Euro NCAP — dual regulatory credentials that position it as a compliance-ready partner for OEMs and Tier-1 suppliers advancing their road safety and autonomy roadmaps globally. The methodology is not built on simulation. drivebuddyAI's models have been trained and validated on some of the world's most complex and demanding driving conditions — spanning urban congestion, national highways, unmaintained rural roads, night driving, monsoon environments, and high-density mixed traffic involving trucks, two-wheelers, and pedestrians. This depth of exposure directly informs the system's reliability in the edge cases that matter most.

Announcement • Sep 22

RoadZen, lnc. acquired Vahanna Tech Edge Acquisition I Corp. (NasdaqGM:VHNA) from a group of shareholders in a reverse merger transaction.

RoadZen, lnc. entered into a letter of intent to acquire Vahanna Tech Edge Acquisition I Corp. (NasdaqGM:VHNA) from a group of shareholders in a reverse merger transaction on April 29, 2022. RoadZen, lnc. entered into a definitive merger agreement to acquire Vahanna Tech Edge Acquisition I Corp. from a group of shareholders in a reverse merger transaction for $680 million on February 10, 2023. The proposed total merger Consideration, as defined, is equal to 68.3 million Vahanna Common Shares in the aggregate, equivalent to $683 million. All of Roadzen’s existing shareholders are rolling 100% of their equity into the combined company. Upon the closing of the transaction, and assuming none of Vahanna’s public shareholders elect to redeem their shares, existing Roadzen shareholders are expected to own 73.2% of the combined company. Upon the closing of the transaction, the combined company will operate as Roadzen Inc. and expects to be listed on Nasdaq. Rohan Malhotra will continue to lead the combined company following the closing of the transaction.The transaction will require the approval of the shareholders of both Vahanna and Roadzen, and is subject to other customary closing conditions, including the receipt of certain regulatory approvals, any applicable waiting period under the HSR Act, the Registration Statement / Proxy Statement shall have become effective, the Vahanna Common Shares and Vahanna Public Warrants to be issued in connection with the merger and the Closing shall have been approved for listing on Nasdaq, Vahanna shall have at least $50 million of available cash at closing, a copy of the Lock-Up Agreements executed, including that the U.S. Securities and Exchange Commission completes its review of the proxy statement/prospectus relating to the transaction. The boards of directors of each of Vahanna and Roadzen have unanimously approved the transaction. As per filling on August 14, 2023, Vahanna Tech Edge Acquisition announced that the registration statement on Form S-4 containing a proxy statement/prospectus relating to the business combination filed by Vahanna with the U.S. Securities and Exchange Commission was declared effective by the SEC. As of May 24, 2023, Vahanna deposited an aggregate of $0.66 million into Vahanna’s trust account in order to extend the date by which Vahanna has to consummate a business combination from May 26, 2023 to June 23, 2023. As on June 20, 2023, Vahanna Tech Edge Acquisition extend the date by which Vahanna has to consummate a business combination from June 26, 2023 to July 26, 2023 (the “Extension”). The Extension is the second of three one-month extensions permitted under Vahanna’s governing documents. As of July 21, 2023, Vahanna Tech Edge Acquisition I Corp., its sponsor, Vahanna LLC , requested that Vahanna extend the date by which Vahanna has to consummate a business combination from July 26, 2023 to August 26, 2023. The Extension is the third of three one-month extensions permitted under Vahanna’s governing documents. In connection with such Extension, the Sponsor has notified Vahanna that it intends to cause an aggregate of $660,330 to be deposited into Vahanna’s trust account on or before July 26, 2023. The Extension provides Vahanna with additional time to complete its proposed business combination (the “Business Combination”) with Roadzen, Inc. The transaction is expected to close during the second quarter of 2023. As on August 24, 2023, shareholders of Vahanna approved the proposed business combination with Roadzen, Inc., as a result, holders of at least 12,000,000 Class A ordinary shares have elected to redeem their shares. As on August 25, 2023, Vahanna timely deposited an aggregate of $225,000 (the “Extension Payment”), representing approximately $5.38 per public share, into Vahanna’s trust account in order to extend the date by which Vahanna has to consummate a business combination from August 26, 2023 to September 26, 2023. In relation with this transaction, As on August 25, 2023, Vahanna entered into Forward Purchase Agreement with Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP and Meteora Strategic Capital, LLC for OTC Equity Prepaid Forward Transactions to purchase up to 5,000,000 Class A ordinary shares, par value $0.0001 per share, of Vahanna.David A. Sakowitz, Jeffrey Stern, Jason Osborn, Scott Landau and David Stauber of Winston & Strawn LLP are acting as legal counsels to Roadzen. Jai Pathak and Evan M. D’Amico of Gibson, Dunn & Crutcher LLP and DMD Advocates are acting as legal counsels to Vahanna. Pi Capital LLC are acting as financial advisors to Vahanna. Mizuho is acting as a financial advisor to Vahanna in connection with the merger and to receive a fee of $2.5 million pursuant to the terms of its financial advisory engagement letter with Vahanna. Marco Polo Securities Inc. acted as financial advisor to Vahanna and entitled to receive a $2.5 million success fee upon consummation of the merger and customary expense reimbursements. Sheumack & Co. GMA, LLC acted as financial adviser and also served as fairness opinion provider to Vahanna. Vahanna has engaged Morrow Sodali, LLC to assist in the solicitation of proxies for the Extraordinary General Meeting for a fee of $30,000. Scott Landau, Jason Osborn, David Sakowitz, David Stauber and Jeffrey Stern of Winston & Strawn LLP acted as legal advisors to RoadZen.RoadZen, lnc. acquired Vahanna Tech Edge Acquisition I Corp. (NasdaqGM:VHNA) from a group of shareholders in a reverse merger transaction on September 20, 2023.

Interest coverage ratio	n/a
Cash	US$6.52m
Equity	-US$30.63m
Total liabilities	US$78.35m
Total assets	US$47.72m

Data	Last Updated (UTC time)
Company Analysis	2026/09/11 19:06
End of Day Share Price	2026/09/11 00:00
Earnings	2026/06/30
Annual Earnings	2026/03/31

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

Roadzen Balance Sheet Health

Financial Health criteria checks 0/6

Key information

Recent financial health updates

Roadzen, Inc. Auditor Raises 'Going Concern' Doubt

Recent updates

New minor risk - Market cap size

Consensus revenue estimates fall by 12%

New major risk - Financial position

Consensus EPS estimates fall by 133%

Roadzen Reports Record Revenue and $30 Million in New Annual Commitments

Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behind

Roadzen, Inc.(NasdaqGM:RDZN) dropped from Russell Microcap Growth Benchmark Index

Roadzen Inc. Subsidiary drivebuddyAI Receives Patent for Real-Time Lane Detection System and Demonstrates Technology At Incabin Detroit 2026

Price target increased by 11% to US$5.00

Forecast breakeven date pushed back to 2028

Roadzen, Inc. has completed a Follow-on Equity Offering in the amount of $7.999979 million.

Roadzen, Inc. has filed a Follow-on Equity Offering in the amount of $7.999979 million.

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Roadzen, Inc. announced that it expects to receive $2.25 million in funding

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Roadzen, Inc. has completed a Follow-on Equity Offering in the amount of $5.000175 million.

Roadzen, Inc. has filed a Follow-on Equity Offering in the amount of $5.000175 million.

Roadzen, Inc. has completed a Follow-on Equity Offering in the amount of $2.4996 million.

Roadzen, Inc. has filed a Follow-on Equity Offering.

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Roadzen, Inc. has withdrawn its Follow-on Equity Offering in the amount of $20 million.

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Roadzen, Inc. has filed a Follow-on Equity Offering in the amount of $20 million.

Roadzen Inc Appoints Bruce Goldberg as General Counsel

Roadzen, Inc. (NASDAQ:RDZN) Looks Just Right With A 60% Price Jump

Third quarter 2024 earnings released: US$0.45 loss per share (vs US$0.027 profit in 3Q 2023)

Roadzen, Inc. Announces Chief Financial Officer Changes

New major risk - Financial position

RoadZen, lnc. acquired Vahanna Tech Edge Acquisition I Corp. (NasdaqGM:VHNA) from a group of shareholders in a reverse merger transaction.

Vahanna Tech Edge Acquisition I Corp. announced that it expects to receive $50 million in funding from Meteora Strategic Capital, LLC, Meteora Capital, LLC, Glazer Capital, LLC

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