IAN Alpha Fund Backs RoshAi’s Retrofit Autonomy Platform to Scale Driverless Industrial Fleets Globally

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.

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.

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, said, “RoshAi is solving industrial autonomy through a retrofit-first approach, enabling operators to upgrade existing fleets rather than invest in new infrastructure. 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.”

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, said,“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.”

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.

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 United States, Australia, and Southeast Asia, where demand for industrial automation and driverless solutions is growing steadily.

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.

About RoshAi

RoshAi (Rosh.AI Private Limited) is a deep-tech autonomy company that enables commercial vehicles operating in confined environments such as seaports, mining sites, airports, and industrial yards to run driverless using a combination of retrofit hardware and AI-powered fleet software. The company offers an autonomy operating system, vehicle retrofit kits, and a cloud-based fleet management platform that together deliver safer operations, higher uptime, and better unit economics for industrial customers. RoshAi follows an “Android-for-autonomy” model, licensing its AI software stack to OEMs and fleet operators globally while deploying its retrofit hardware for existing fleets.

About IAN Alpha Fund

IAN Alpha Fund, a $100 Mn SEBI-registered Category II AIF VC Fund, is the 2nd fund in IAN Group’s series of funds. The Fund explores opportunities in diverse sectors such as healthtech, cleantech, deep tech, agritech, medtech, hardware and electronics, manufacturing, Web 3.0, Metaverse, Industry 4.0, SaaS, and other sectors where innovation is transformational. The Fund invests in innovative startups solving real problems for India and the world, with sustainable business models enabling scale by leveraging technology. With the IAN Alpha Fund, IAN Group continues its two-decade legacy of building a portfolio of technology-focused, innovative companies led by founders who not only understand customer needs but also have the leadership qualities to build large and valuable businesses.

About IAN Group

IAN Group is India’s largest horizontal platform for early-stage investments, comprising the IAN Angel Fund, BioAngels, and a series of SEBI-registered Venture Capital Funds, the latest being a US$100mn VC Fund, IAN Alpha Fund. IAN enables entrepreneurs to raise from Rs. 50 lakhs to Rs. 50 crores, supported by high-quality mentoring by successful entrepreneurs, enabling access to global markets. IAN Group backs founders across domains and helps them scale their companies across India and beyond. Forbes has recognised IAN as one of the most iconic business and economic developments of Independent India over the last 75 years, alongside institutions such as LIC, NASSCOM, the RBI, and Naukri.com.