Under the terms of the extension, the maturity of Roadzen's $11.5 million senior secured notes will be extended by 18 months - from December 31, 2025 to June 30, 2027 - with no other change to the structure. The extension provides Roadzen with enhanced financial flexibility to support its global growth while removing a significant portion of short-term liabilities, thereby strengthening its capital structure. The senior secured notes accrue interest at 15% annually. Completion of the extension is subject to the execution of definitive agreements and customary closing conditions.
This announcement follows a series of significant milestones achieved by Roadzen in recent weeks:
DrivebuddyAI became the only driver monitoring system validated under both Indian and E.U. safety standards, a world first and major validation of Roadzen's leadership in AI-powered driver safety.
The Company signed a definitive agreement to acquire a majority interest in a licensed U.S. commercial auto MGU and broker, expanding its footprint across key states and adding Lloyd's Coverholder capabilities.
The Company secured a mandate with a top-five global automaker to manage its European insurance program, representing a $20 million annual premium opportunity.
Roadzen and Vodafone Automotive announced a partnership to launch embedded insurance programs across the UK.
Insiders and marquee global institutional investors invested at a significant premium ...
