Indian startup RoshAi has successfully raised ₹22 Cr (approximately $2.4 Mn) in a recent funding round led by IAN Group. The Kochi-based company plans to use the investment to strengthen its core technology, expand deployments, and enhance operations. RoshAi specializes in enabling driverless operations for commercial vehicles in restricted environments like seaports, mining sites, and industrial yards through a combination of retrofit hardware and AI-driven fleet software.
RoshAi’s platform integrates AI software, retrofit hardware, and a cloud-based fleet management system. By equipping existing vehicles with drive-by-wire kits and leveraging AI for perception, navigation, and control, RoshAi aims to enhance safety, efficiency, and uptime in industrial settings. Key features include real-time fleet monitoring, predictive maintenance, and route optimization. The company licenses its software to OEMs and fleet operators while deploying hardware solutions across various industries.
This funding round will support team expansion, working capital, and sustaining operations for the next 9-12 months. With a total funding of approximately $3.4 Mn, RoshAi plans to strengthen its autonomy stack, perception systems, and fleet management platform, alongside advancing its market presence in the US and other global markets through strategic hiring and sales infrastructure development.
Source: Inc42 Media