IAN Group, the country’s largest early-stage investment platform, has led a funding round in RoshAi through IAN Alpha Fund, the second in its series of VC funds. RoshAi is a deep-tech autonomy company building retrofit-based driverless solutions for industrial vehicles.

The investment will support the company in strengthening its product, expanding deployments, and scaling its presence across global industrial markets.

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RoshAi is working to solve a long-standing challenge in industrial operations, enabling existing heavy vehicles in ports, mining sites, and logistics hubs to operate autonomously without requiring new fleet investments.

As industries look to improve safety, reduce operational risks, and increase efficiency, the need for reliable and cost-effective autonomy solutions is becoming more pronounced. By combining AI-powered autonomy systems, sensors, and cloud-based fleet software, RoshAi allows operators to upgrade their current fleets and move towards driverless operations in a practical and scalable way.

With this investment, IAN Alpha Fund continues to back deep-tech startups building practical and scalable solutions for real-world challenges. The fund remains focused on supporting companies that solve problems from India, for India and the world.

The global industrial autonomous vehicles market is expanding rapidly, projected to grow from $47.6 billion in 2024 to $162.8 billion by 2030. RoshAi is focused on key segments within this opportunity, particularly autonomy retrofit kits and fleet management software, which are seeing strong adoption as operators look for faster and more efficient ways to implement automation.

The company has demonstrated early validation through partnerships with Tier 1 OEMs and repeat customer engagements. Its autonomy solutions have been tested over 100,000 km with zero safety incidents, supported by a growing patent portfolio and a technology stack designed for scalability across industrial environments.

Sarika Saxena, Managing Partner, IAN Alpha Fund, says, “RoshAi is solving industrial autonomy through a retrofit-first approach, enabling operators to upgrade existing fleets rather than invest in new infrastructure".

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Headquartered in Kochi, RoshAi is led by Dr. Roshy John and Rajaram Moorthy, who bring extensive experience in autonomous mobility, AI, and engineering. The team has built and tested its autonomy platform across industrial environments, demonstrating strong reliability and safety performance.

Roshy John, Founder & CEO, RoshAi says,“Our focus is to make industrial operations safer and more efficient by enabling existing fleets to operate autonomously. This investment allows us to accelerate product development, scale deployments across global markets, and continue building a robust autonomy platform for industrial use cases. We are glad to have IAN’s support as we move into this next phase”.

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RoshAi is building an autonomy platform that includes retrofit hardware, an in-vehicle autonomy system, and a cloud-based fleet management platform. This enables industrial operators to upgrade existing fleets instead of investing in new vehicles or infrastructure, reducing costs and accelerating adoption.

"With strong early validation, repeat customer engagement, and a scalable autonomy platform, the company is well-positioned to build a globally relevant deep-tech business from India", adds Sarika.

The company is currently working with industrial operators across ports, mining, and logistics environments through pilot projects and early deployments. It plans to expand into markets such as the US, Australia, and Southeast Asia, where demand for industrial automation and driverless solutions is growing steadily.