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Deeptech startup RoshAi has raised ₹22 Cr (about $2.4 Mn) in a funding round led by IAN Group.

The Kochi-based startup plans to use the capital to strengthen its core technology, expand deployments, and scale operations. It will also use the funds to enhance its autonomy stack, perception systems, and fleet management platform, support initial pilots and scale customer deployments, and build its presence in the US and other international markets through hiring and sales infrastructure.

A portion of the funds will also be used for team expansion, with the remainder covering working capital and runway over the next 9-12 months.

With this round, the startup’s total funding has reached about $3.4 Mn so far, including its $1 Mn round led by Ev2 Ventures and Caret Capital in 2024.

Founded in 2021 by Roshy John and Rajaram Moorthy, RoshAi helps commercial vehicles

operating in confined environments such as sea ports, mining sites, airports, and industrial yards run driverless using a combination of retrofit hardware and AI-powered fleet software.

The startup offers a full-stack platform that combines AI software, retrofit hardware, and a cloud-based fleet management system. Its drive-by-wire kits enable existing vehicles to operate without drivers, while its AI manages perception, navigation, and control.

RoshAi aims to improve safety, efficiency, and uptime in industrial operations, supported by features such as real-time fleet monitoring, predictive maintenance, and route optimisation. It follows an “Android-for-autonomy” model, licensing its software to OEMs and fleet operators while deploying hardware across existing fleets.

The startup said it has early traction with tier I OEM partnerships and repeat customers. It claims its autonomous solutions have been tested over 1 Lakh km with zero safety incidents, backed by a growing patent portfolio and a scalable technology stack.

RoshAi is currently working with industrial operators across ports, mining, and logistics through pilot projects and early deployments. It competes with the likes of Minus Zero, Flo Mobility, Ati Motors, Swaayatt Robots, among others.

The development comes as India’s autonomous vehicle segment finds its early footing, with most traction concentrated in controlled environments such as ports, mining sites, warehouses and logistics hubs.

Though fully driverless consumer vehicles remain a long-term play, constrained by regulatory and infrastructure challenges, near-term momentum is being driven by industrial automation, ADAS adoption and the growing use of deeptech, including AI, sensor fusion and advanced software systems.

Startups are increasingly building AI-led perception, navigation and fleet management systems designed specifically for complex, high-variability environments.

Overall, India’s autonomous mobility market is projected to reach a size of $1.3 Bn by 2033, expanding at a CAGR of 20%, largely led by off-road, industrial, and logistics use cases.

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