DealsMay 18, 2026, 01:02 PM

Algorhythm Subsidiary Expands P&G India Contract to $4.2M, +32%

AI Summary

Algorhythm Holdings' subsidiary, SemiCab India, announced a significant expansion of its managed freight services agreement with Procter & Gamble India. This expansion increases the total annual contract value by 32% to $4.2 million and boosts lane volume by over 50%, from 42 to 65 lanes. This marks the third contract expansion with P&G India, reflecting increased confidence in SemiCab's AI-powered logistics solutions and supporting Algorhythm's strategic expansion into U.S. and European markets.

Key Highlights

SemiCab India secured a third contract expansion with Procter & Gamble India.
The annual contract value increased by 32% to $4.2 million.
Lane volume will increase from 42 to 65 lanes, boosting capacity by over 50%.
The expansion covers P&G's busiest manufacturing and distribution corridors across India.
Algorhythm plans to leverage this success to penetrate new markets in the U.S. and Europe.

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RIME

Diversified Electronic Products

Algorhythm Holdings, Inc.

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