SUPERGAS selects Roadzen’s DrivebuddyAI™ for enhanced driver monitoring, aiming to improve safety and reduce accidents in its fleet.
Quiver AI Summary
Roadzen Inc. has partnered with SHV Energy Pvt Ltd, known as SUPERGAS, to implement its AI platform DrivebuddyAI in SUPERGAS's truck fleet to enhance driver monitoring and safety. The platform will monitor driver behaviors such as drowsiness and distractions, providing real-time feedback, and will support 24/7 transport operations from an advanced command center. The installation is set to be completed by September 30, 2025. SUPERGAS, a leader in the LPG market in India, has opted for DrivebuddyAI after thorough evaluations, reflecting its commitment to safety and regulatory compliance. Roadzen's CEO stated that the adoption of this technology is expected to significantly lower accident rates, leading to improved productivity and cost savings for fleets.
Potential Positives
- SUPERGAS's adoption of Roadzen's DrivebuddyAI™ demonstrates a strong commitment to enhancing fleet safety and efficiency, potentially reducing accidents and associated costs.
- The partnership highlights Roadzen's value proposition as a leader in AI-driven vehicle safety solutions, which can attract further partnerships and enhance its market reputation.
- The incorporation of DrivebuddyAI™ aligns with evolving regulatory mandates, positioning both SUPERGAS and Roadzen favorably in the context of compliance and safety management.
Potential Negatives
- The press release relies heavily on forward-looking statements, which may create uncertainty for potential investors regarding future performance and benefits of the DrivebuddyAI platform.
- The emphasis on regulatory mandates and evolving safety standards suggests potential pressure for compliance, indicating possible vulnerabilities should the company fail to meet these requirements.
- The mention of a comprehensive evaluation process raises questions about the competing platforms and why Roadzen's DrivebuddyAI was ultimately selected, which could suggest prior concerns about the platform's effectiveness compared to competitors.
FAQ
What is DrivebuddyAI™?
DrivebuddyAI™ is Roadzen's multi-patented AI platform designed for monitoring and enhancing driver safety within commercial fleets.
Why did SUPERGAS choose Roadzen's platform?
SUPERGAS selected DrivebuddyAI™ after a comprehensive evaluation, aiming to enhance fleet safety and meet evolving safety mandates.
What are the benefits of DrivebuddyAI™?
Benefits include monitoring driver risks, reducing accident rates, improving fleet uptime, and achieving substantial cost savings.
When will installation of DrivebuddyAI™ be completed?
The installation of DrivebuddyAI™ in SUPERGAS's fleet is expected to be completed by September 30, 2025.
Who is SUPERGAS?
SUPERGAS is a leading LPG company in India, known for its strong safety management and extensive infrastructure in the LPG sector.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RDZN Insider Trading Activity
$RDZN insiders have traded $RDZN stock on the open market 5 times in the past 6 months. Of those trades, 5 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $RDZN stock by insiders over the last 6 months:
- ROHAN MALHOTRA (See Remarks) has made 4 purchases buying 26,995 shares for an estimated $29,674 and 0 sales.
- SUPURNA VEDBRAT purchased 6,000 shares for an estimated $6,180
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$RDZN Hedge Fund Activity
We have seen 27 institutional investors add shares of $RDZN stock to their portfolio, and 18 decrease their positions in their most recent quarter.
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- METEORA CAPITAL, LLC removed 823,939 shares (-39.4%) from their portfolio in Q1 2025, for an estimated $856,896
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Full Release
SUPERGAS, India’s Leading LPG Company Selects Roadzen’s Platform DrivebuddyA I ™ to Enhance Driver Monitoring, Reduce Accidents, and Meet Evolving Safety Mandates
NEW YORK, June 17, 2025 (GLOBE NEWSWIRE) -- Roadzen Inc. (Nasdaq: RDZN) ("Roadzen" or the "Company”), a global leader in AI at the convergence of insurance and mobility, today announced that SHV Energy Pvt Ltd [popularly known by its brand ‘SUPERGAS’ in India], a leading LPG company, will outfit its truck fleet with Roadzen’s multi-patented AI platform, DrivebuddyAI. This platform will monitor and alert drivers to risks such as drowsiness and distractions, while collecting real-time driver feedback. The implementation will include 24x7 transport operations and an intelligent, proactive command center. Installation is expected to be completed by September 30, 2025.
SHV Energy Pvt Ltd, popularly known as SUPERGAS, is a wholly owned subsidiary of the Dutch multinational SHV Energy N.V., one of the world’s leaders in the LPG business. SUPERGAS has built a pan-Indian presence with a strong customer base in segments such as Industrial, Commercial, Auto LPG, Domestic, LPG storage and terminal services, and other allied project services. It has a robust infrastructure comprising of strategically located LPG terminals, filling plants, depots and auto LPG dispensing stations, and is recognized as a champion in safety management. Importantly, to meet its ever-growing needs, SUPERGAS has consistently increased its truck fleet, with a continued commitment to health, safety & environmental goals.
Roadzen’s DrivebuddyAI was chosen by SUPERGAS following a comprehensive evaluation process that benchmarked global video telematics and ADAS players against the company’s fleet safety goals.
“It is gratifying that SUPERGAS, a leading LPG company in India known for consistently setting industry innovative standards in infrastructure, technical excellence, and strong commitment to safety, has chosen to adopt DrivebuddyAI for its safety needs,” commented Rohan Malhotra, Founder and CEO of Roadzen. “With regulatory mandates on the horizon, our platform is being adopted proactively by the world’s leading fleets and OEMs due to its demonstrated impact in significantly reducing accident rates. This translates into higher fleet uptime, improved productivity, and substantial cost savings—delivering measurable ROI and positioning DrivebuddyAI as a mission-critical AI for modern fleets.”
For more information about Roadzen Inc. and DrivebuddyAI, please visit https://roadzen.ai/
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
.
About SUPERGAS
SHV Energy Private Limited is a 100% subsidiary of the Dutch Multinational SHV Energy N.V. Established in India in 1996 under the brand name SUPERGAS. It has built a reputation as the leading LPG player, with a Pan-Indian presence, we having robust infrastructure comprising of LPG import storage terminals, Filling Plants, depots, Auto LPG Dispensing Stations, a wide base of dealer network and enjoys the patronage of satisfied loyal customers in the Industrial, Commercial, Domestic and Auto LPG segments in addition to Terminalling through-put services it provides to other LPG companies. SUPERGAS has retained the coveted CARE Rating No.1 for its infrastructure, technical excellence, prompt customer service, and strong commitment to safety.
Cautionary Statement Regarding Forward Looking Statements
This 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: [email protected]
Media Contacts: Sanya Soni [email protected] or [email protected]