Roadzen Completes Elite Cover Acquisition | Expands Footprint in $80B Auto Insurance Market

Dec 3, 2025

Investors and insurtech followers: Roadzen has officially closed its acquisition of Elite Cover Insurance Solutions, gaining majority control of the licensed commercial auto insurance broker and managing general underwriter.

📌 Highlights:

Elite Cover operates across multiple U.S. states

Strengthens Roadzen’s position in the $80B commercial auto insurance market

Adds underwriting authority, regulatory licenses & distribution channels

Enhances Roadzen’s AI-driven telematics and automated claims capabilities

Non-dilutive transaction

Expected to contribute $8M+ in revenue over the next 12 months

Roadzen continues to scale its vision of transforming insurance through AI, automation, and mobility intelligence.

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