RoshAi, a Kochi-based deep-tech startup focused on industrial autonomy, has raised ₹22 crore in a funding round led by IAN Alpha Fund, part of the IAN Group. The investment will help the company strengthen its product, expand deployments, and grow its presence in global markets.
RoshAi is working on a unique approach to driverless technology by enabling existing industrial vehicles to operate autonomously. Instead of requiring companies to invest in new fleets, the startup offers retrofit-based solutions that can upgrade current vehicles used in ports, mining sites, airports, and logistics hubs.
The company combines AI-powered systems, sensors, and cloud-based fleet management software to make industrial operations safer, more efficient, and cost-effective. This approach is gaining importance as industries increasingly look to reduce risks and improve productivity through automation.
The opportunity in this space is growing rapidly. The global market for industrial autonomous vehicles is expected to increase from $47.6 billion in 2024 to $162.8 billion by 2030. RoshAi is targeting key segments such as retrofit kits and fleet management software, where demand is rising due to faster implementation and lower costs.
The startup has already shown early traction through partnerships with Tier 1 OEMs and repeat customers. Its technology has been tested over 100,000 kilometres without any safety incidents, highlighting the reliability of its platform. The company is also building a strong patent portfolio to support its innovation.
Founded and led by Dr. Roshy John and Rajaram Moorthy, RoshAi brings together expertise in autonomous mobility, artificial intelligence, and engineering. The team has been actively testing and deploying its solutions across industrial environments.
Sarika Saxena, Managing Partner at IAN Alpha Fund, said that RoshAi’s retrofit-first approach allows businesses to upgrade existing fleets instead of investing heavily in new infrastructure, making it a practical and scalable solution.
Roshy John, Founder and CEO of RoshAi, said the funding will help accelerate product development and support expansion into global markets, including the United States, Australia, and Southeast Asia.
Currently, RoshAi is working with industrial operators across ports, mining, and logistics sectors through pilot projects and early deployments. Its platform includes retrofit hardware, an in-vehicle autonomy system, and a cloud-based fleet management solution, enabling seamless adoption of driverless technology.
With this investment, IAN Alpha Fund continues to back deep-tech startups that are building scalable solutions to real-world problems, further strengthening India’s position in global innovation.
-By Shivani Solanki
