$RDZN Roadzen Set to Join Russell 2000® and Russell 3000® Indexes in June 2026 Reconstitution
https://www.globenewswire.com/news-release/20...ution.html
NEW YORK, May 27, 2026 (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 it has been named to the preliminary additions list for the Russell 2000®, Russell 3000® Indexes as part of the 2026 annual reconstitution of the Russell US Indexes. FTSE Russell published the preliminary list after the close of US markets on May 22, 2026. The reconstituted indexes take effect after the US market close on Friday, June 26, 2026.
Membership in the Russell 3000® Index includes automatic inclusion in the small-cap Russell 2000® Index and the applicable growth and value style indexes. Approximately $11 trillion in assets are currently benchmarked against Russell's US indexes, making the annual reconstitution one of the most consequential index events in the US equity calendar.
Roadzen's index inclusion coincides with a period of sustained commercial and product momentum across its global businesses. Since the start of the current fiscal year on April 1, 2026, key highlights include:
Underwriting capacity in the U.S. On April 30, 2026, Roadzen secured a letter of intent for a $30 million insurance capacity commitment from a leading U.S. carrier to bring AI to commercial auto insurance, backed by over $50 million in producer demand. The program is expected to scale to $50 million over three years and contribute approximately $6 million in revenue in Year 1.
Fleet safety scale. drivebuddyAI won a $2.5 million contract to deploy six-camera ADAS across a 3,000-truck fleet, with expansion potential to 10,000 vehicles over five years.
India claims mandate. VehicleCare secured a major claims mandate from one of India's largest insurers, expected to generate over $10 million in annual revenue.
OEM embedded insurance. Roadzen partnered with a top-10 global carmaker to deliver GAP insurance across the U.K. — its second major European OEM win following its September 2025 continental Europe partnership. Global Insurance Management, Roadzen's wholly owned U.K. subsidiary, secured several new contracts representing $2.5 million in projected annual revenue.
Claims-to-repair infrastructure. VehicleCare partnered with global auto parts network TISAG-TEMOT to build integrated claims-to-repair infrastructure in India.
IP expansion. drivebuddyAI was granted a patent for real-time detection and geo-mapping of hazardous road conditions, adding to its growing portfolio of AI vision IP.
Capital markets activity. On May 4, 2026, Roadzen priced an $8 million registered direct offering of ordinary shares to fund continued growth and execution to support the Company's commercial pipeline.
Rohan Malhotra, Founder and CEO of Roadzen, said: “Inclusion in the Russell indexes will help us drive broader institutional awareness and expand investor exposure on the back of continued commercial and AI innovation momentum across our global markets. We are grateful for the trust of our shareholders as we execute on our mission to transform auto insurance through artificial intelligence."
FTSE Russell determines membership for its Russell US Indexes primarily by objective, market-capitalization rankings and investability criteria, with rank day falling on April 30, 2026. The 2026 reconstitution marks the first year Russell US Indexes transition to a semi-annual reconstitution schedule, with preliminary additions and deletions lists communicated beginning May 22, with updates on May 29, June 5, June 12, June 18, and June 26. The newly reconstituted indexes take effect after US market close on June 26, 2026.
https://www.globenewswire.com/news-release/20...ution.html
NEW YORK, May 27, 2026 (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 it has been named to the preliminary additions list for the Russell 2000®, Russell 3000® Indexes as part of the 2026 annual reconstitution of the Russell US Indexes. FTSE Russell published the preliminary list after the close of US markets on May 22, 2026. The reconstituted indexes take effect after the US market close on Friday, June 26, 2026. Membership in the Russell 3000® Index includes automatic inclusion in the small-cap Russell 2000® Index and the applicable growth and value style indexes. Approximately $11 trillion in assets are currently benchmarked against Russell's US indexes, making the annual reconstitution one of the most consequential index events in the US equity calendar.
Roadzen's index inclusion coincides with a period of sustained commercial and product momentum across its global businesses. Since the start of the current fiscal year on April 1, 2026, key highlights include:
Underwriting capacity in the U.S. On April 30, 2026, Roadzen secured a letter of intent for a $30 million insurance capacity commitment from a leading U.S. carrier to bring AI to commercial auto insurance, backed by over $50 million in producer demand. The program is expected to scale to $50 million over three years and contribute approximately $6 million in revenue in Year 1.
Fleet safety scale. drivebuddyAI won a $2.5 million contract to deploy six-camera ADAS across a 3,000-truck fleet, with expansion potential to 10,000 vehicles over five years.
India claims mandate. VehicleCare secured a major claims mandate from one of India's largest insurers, expected to generate over $10 million in annual revenue.
OEM embedded insurance. Roadzen partnered with a top-10 global carmaker to deliver GAP insurance across the U.K. — its second major European OEM win following its September 2025 continental Europe partnership. Global Insurance Management, Roadzen's wholly owned U.K. subsidiary, secured several new contracts representing $2.5 million in projected annual revenue.
Claims-to-repair infrastructure. VehicleCare partnered with global auto parts network TISAG-TEMOT to build integrated claims-to-repair infrastructure in India.
IP expansion. drivebuddyAI was granted a patent for real-time detection and geo-mapping of hazardous road conditions, adding to its growing portfolio of AI vision IP.
Capital markets activity. On May 4, 2026, Roadzen priced an $8 million registered direct offering of ordinary shares to fund continued growth and execution to support the Company's commercial pipeline.
Rohan Malhotra, Founder and CEO of Roadzen, said: “Inclusion in the Russell indexes will help us drive broader institutional awareness and expand investor exposure on the back of continued commercial and AI innovation momentum across our global markets. We are grateful for the trust of our shareholders as we execute on our mission to transform auto insurance through artificial intelligence."
FTSE Russell determines membership for its Russell US Indexes primarily by objective, market-capitalization rankings and investability criteria, with rank day falling on April 30, 2026. The 2026 reconstitution marks the first year Russell US Indexes transition to a semi-annual reconstitution schedule, with preliminary additions and deletions lists communicated beginning May 22, with updates on May 29, June 5, June 12, June 18, and June 26. The newly reconstituted indexes take effect after US market close on June 26, 2026.
