August 28, 2025 — Leads & Copy — Algorhythm Holdings, Inc. (NASDAQ: RIME) has announced a new master service agreement (MSA) with Bajaj Electricals, one of India’s largest electronics manufacturers. The deal, valued at $560 million in annual sales, will see Algorhythm’s subsidiary, SemiCab Holdings, LLC, provide enterprise-level shipping services via its AI-powered platform. This platform aims to reduce costs, improve delivery accuracy, and eliminate empty miles across multiple large metropolitan markets in India.
SemiCab CEO Ajesh Kapoor expressed excitement about the partnership, noting it’s one of their first new client mandates that bypasses the pilot phase due to SemiCab’s established track record and data. He also highlighted that Bajaj is their fourth new client not affiliated with the Indian National Digital Freight Exchange (NDFE).
Bajaj Electricals, founded in 1938 and based in Mumbai, is a diversified consumer electrical appliance manufacturer with over 2,500 employees and 19 offices in India. Their products are sold through more than 400,000 retail locations and are publicly traded on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE).
Algorhythm Holdings, Inc. focuses on the growth of SemiCab, a player in the global logistics and distribution industry. SemiCab’s AI-enabled platform helps retailers, brands, and transportation providers optimize supply chains, predict and optimize millions of loads, and facilitate fully loaded round trips.
Investor Relations Contact:
Brendan Hopkins
407-645-5295
investors@algoholdings.com
Source: Algorhythm Holdings, Inc.
