RoshAi, a Kochi-based deeptech startup, has successfully raised ₹22 crore (approximately $2.4 million) in a funding round led by IAN Group. This investment aims to bolster the company's core technology and expand its operational capabilities.
The funds will be utilized to enhance RoshAi's autonomy stack, perception systems, and fleet management platform. Additionally, the startup plans to support initial pilot projects and scale customer deployments, while also establishing a stronger presence in the US and other international markets through increased hiring and sales infrastructure.
A portion of the capital will also facilitate team expansion, with the remainder allocated for working capital and operational runway over the next 9 to 12 months.
With this latest funding round, RoshAi's total funding has reached around $3.4 million, which includes a previous $1 million round led by Ev2 Ventures and Caret Capital in 2024.
Founded in 2021 by Roshy John and Rajaram Moorthy, RoshAi specializes in enabling commercial vehicles to operate autonomously in confined environments such as sea ports, mining sites, airports, and industrial yards. The company combines retrofit hardware with AI-powered fleet software to achieve driverless operation.
RoshAi's full-stack platform integrates AI software, retrofit hardware, and a cloud-based fleet management system. Its drive-by-wire kits allow existing vehicles to function without drivers, while AI technology manages perception, navigation, and control.
Key Features:
- Real-time fleet monitoring
- Predictive maintenance
- Route optimization
The startup operates under an “Android-for-autonomy” model, licensing its software to original equipment manufacturers (OEMs) and fleet operators while deploying hardware across existing fleets. RoshAi has reported early traction with tier I OEM partnerships and repeat customers, claiming its autonomous solutions have been tested over 100,000 kilometers without any safety incidents.
As India’s autonomous vehicle market begins to develop, most activity is concentrated in controlled environments like ports and mining sites. While fully driverless consumer vehicles face regulatory and infrastructure challenges, industrial automation and the adoption of advanced driver-assistance systems (ADAS) are driving near-term growth.
Overall, India's autonomous mobility market is projected to grow to $1.3 billion by 2033, expanding at a compound annual growth rate (CAGR) of 20%, primarily due to off-road, industrial, and logistics applications.
