RoshAi Raises ₹22 Crore for Industrial Autonomy Retrofits

RoshAi, a deep-tech firm specializing in autonomous solutions for industrial machinery, has successfully closed a funding round totaling ₹22 Crore. The investment was spearheaded by IAN Alpha Fund, the second venture capital vehicle from the prominent IAN Group, India's largest early-stage investment platform. This capital infusion is earmarked to bolster product development, expand operational deployments, and accelerate the company's global market penetration.

The company is addressing a critical need within heavy industries by developing retrofit kits that enable existing vehicles in sectors like mining, ports, and logistics hubs to operate autonomously. This approach bypasses the substantial capital expenditure typically associated with acquiring entirely new autonomous fleets. By integrating advanced AI, sophisticated sensor technology, and cloud-based fleet management software, RoshAi offers a practical and cost-effective pathway for industrial operators to enhance safety, mitigate operational risks, and significantly boost efficiency.

The market for industrial autonomous vehicles is experiencing robust expansion, with projections indicating a significant surge from an estimated $47.6 billion in 2024 to $162.8 billion by 2030. RoshAi's strategic focus on retrofit autonomy systems and fleet management software positions it to capture a substantial share of this growing market, catering to the increasing demand for rapid and efficient automation implementation.

RoshAi has garnered early market validation through collaborations with Tier 1 original equipment manufacturers (OEMs) and sustained engagement with repeat clients. The company's autonomy systems have undergone extensive testing, accumulating over 100,000 kilometers of operation without a single safety incident. This track record is further supported by a growing patent portfolio and a scalable technology architecture designed for diverse industrial environments.

Sarika Saxena, Managing Partner at IAN Alpha Fund, commented on the investment, highlighting RoshAi's innovative retrofit-first strategy. "RoshAi is revolutionizing industrial autonomy by enabling operators to upgrade their existing fleets, a far more economical approach than investing in new infrastructure," Saxena stated. "With strong early traction, repeat customer commitments, and a highly scalable autonomy platform, the company is poised to establish itself as a globally significant deep-tech enterprise originating from India."

Founded by industry veterans Dr. Roshy John and Rajaram Moorthy, RoshAi, headquartered in Kochi, benefits from their deep expertise in autonomous mobility, artificial intelligence, and engineering. The leadership team has successfully developed and rigorously tested its autonomy platform across demanding industrial settings, demonstrating exceptional reliability and safety performance. This funding will empower RoshAi to accelerate its product roadmap, scale its global deployments, and solidify its position as a leader in industrial automation.