SemiCab Wins New Commercial Contract with Bajaj Electricals
Algorhythm Holdings (NASDAQ: RIME) announced that its subsidiary SemiCab Holdings has secured a master service agreement with Bajaj Electricals, a major Indian electronics manufacturer with $560 million in annual sales. The agreement, which commenced in Q3 2025, will provide enterprise-level shipping services through SemiCab's AI-powered logistics platform across multiple Indian metropolitan markets.
Notably, this partnership marks a significant milestone as it bypasses the typical pilot phase, enabling immediate full-scale implementation. Bajaj Electricals, a subsidiary of the $100 billion Bajaj Group, represents SemiCab's fourth client outside the Indian National Digital Freight Exchange (NDFE), demonstrating the company's expanding market reach in India, the world's fourth-largest economy.
Algorhythm Holdings (NASDAQ: RIME) ha comunicato che la sua controllata SemiCab Holdings ha firmato un master service agreement con Bajaj Electricals, importante produttore elettronico indiano con ricavi annui di $560 million. L’intesa, entrata in vigore nel terzo trimestre 2025, prevede la fornitura di servizi logistici aziendali tramite la piattaforma AI di SemiCab in diversi mercati metropolitani indiani.
Di rilievo, la partnership salta la fase pilota e permette un’implementazione immediata su scala completa. Bajaj Electricals, controllata del $100 billion Bajaj Group, è il quarto cliente di SemiCab al di fuori della Indian National Digital Freight Exchange (NDFE), confermando l’espansione dell’azienda nel quarto mercato economico mondiale.
Algorhythm Holdings (NASDAQ: RIME) anunció que su filial SemiCab Holdings ha asegurado un contrato marco de servicios con Bajaj Electricals, un importante fabricante electrónico indio con ventas anuales de $560 million. El acuerdo, vigente desde el tercer trimestre de 2025, proporcionará servicios logísticos a nivel empresarial mediante la plataforma logística con IA de SemiCab en varios mercados metropolitanos de la India.
Cabe destacar que la alianza omite la fase piloto habitual, permitiendo una implementación completa e inmediata. Bajaj Electricals, filial del $100 billion Bajaj Group, se convierte en el cuarto cliente de SemiCab fuera del Indian National Digital Freight Exchange (NDFE), subrayando la creciente presencia de la compañía en la cuarta economía mundial.
Algorhythm Holdings (NASDAQ: RIME)는 자회사 SemiCab Holdings가 연매출 $560 million 규모의 주요 인도 전자 제조업체 Bajaj Electricals와 마스터 서비스 계약을 체결했다고 발표했습니다. 이 계약은 2025년 3분기부터 시작되어 SemiCab의 AI 기반 물류 플랫폼을 통해 인도의 여러 대도시권에서 기업용 배송 서비스를 제공합니다.
특히 이번 파트너십은 통상적인 파일럿 단계를 건너뛰고 즉시 전면 도입된다는 점에서 의미가 큽니다. Bajaj Electricals는 $100 billion Bajaj Group의 자회사로, NDFE(Indian National Digital Freight Exchange) 외부에서 SemiCab의 네 번째 고객이 되어 인도—세계 4위 경제—에서 회사의 시장 확대를 입증했습니다.
Algorhythm Holdings (NASDAQ: RIME) a annoncé que sa filiale SemiCab Holdings a décroché un contrat-cadre de services avec Bajaj Electricals, un important fabricant électronique indien réalisant $560 million de ventes annuelles. L’accord, entré en vigueur au troisième trimestre 2025, fournira des services d’expédition au niveau entreprise via la plateforme logistique IA de SemiCab dans plusieurs zones métropolitaines indiennes.
Fait notable, ce partenariat contourne la phase pilote habituelle et permet un déploiement immédiat à grande échelle. Bajaj Electricals, filiale du $100 billion Bajaj Group, devient le quatrième client de SemiCab hors de l’Indian National Digital Freight Exchange (NDFE), témoignant de l’élargissement de la présence de la société en Inde, la quatrième économie mondiale.
Algorhythm Holdings (NASDAQ: RIME) gab bekannt, dass seine Tochtergesellschaft SemiCab Holdings einen Master-Service-Vertrag mit Bajaj Electricals, einem bedeutenden indischen Elektronikhersteller mit einem Jahresumsatz von $560 million, abgeschlossen hat. Der Vertrag, der im dritten Quartal 2025 begann, sieht vor, dass SemiCab über seine KI-gestützte Logistikplattform unternehmensweite Versanddienste in mehreren indischen Metropolregionen erbringt.
Bemerkenswert ist, dass die Partnerschaft die übliche Pilotphase umgeht und sofort in vollem Umfang umgesetzt wird. Bajaj Electricals, eine Tochtergesellschaft der $100 billion Bajaj Group, ist SemiCabs vierter Kunde außerhalb der Indian National Digital Freight Exchange (NDFE) und demonstriert die wachsende Marktpräsenz des Unternehmens in der viertgrößten Volkswirtschaft der Welt.
- None.
- Heavy dependence on Indian market expansion
- Potential execution risks in scaling operations across multiple metropolitan markets
Insights
Algorhythm secured a major service contract with $560M Bajaj Electricals, indicating accelerated growth strategy and market expansion in India.
This new master service agreement between Algorhythm's SemiCab subsidiary and Bajaj Electricals represents a strategic expansion into the Indian market. What makes this deal particularly noteworthy is that it bypassed the typical pilot phase, indicating strong market validation of SemiCab's AI-powered logistics platform.
The
The timing is particularly strategic as India has recently become the fourth largest economy globally, offering substantial growth opportunities. The relationship with Bajaj connects Algorhythm to the broader
This contract demonstrates SemiCab's evolution from requiring proof-of-concept trials to securing immediate commercial deployments, indicating market maturation of their AI logistics solution. By eliminating the pilot phase, SemiCab can accelerate revenue recognition and market share acquisition, potentially improving cash flow timing and reducing customer acquisition costs.
Fort Lauderdale, FL, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME), an AI technology holding company, announced today that it has signed a new master service agreement (MSA) with a Bajaj Electricals, one of the largest electronics manufacturers in India, with over
Under the agreement, Algorhythm’ s subsidiary, SemiCab Holdings, LLC (“SemiCab”), will provide enterprise-level shipping services through its AI-powered software platform designed to reduce the cost of service, improve delivery accuracy, and eliminate empty miles. The contract, which has already launched during the third quarter, will cover multiple large metropolitan markets across India.
Ajesh Kapoor, CEO of SemiCab, commented, “Launching this new relationship with Bajaj Electricals is a very positive accomplishment for SemiCab and Bajaj, one of the largest consumer electronics manufacturers in India today. We are particularly excited that this is one of our first new client mandate that does not require a pilot or proof of concept phase to the commercial relationship. We now have the track record and data from other clients to selectively bypass the initial trial phase entirely. This means we can accelerate the ramp up process, win larger mandates day one, and acquire a larger market share faster.”
“Equally important, Bajaj now our fourth new client that is not a member of the Indian National Digital Freight Exchange (NDFE). Our flagship relationship with multiple Fortune 50 CPG clients is accelerating our ability to reach a wider target client audience. We are courting household names in the fourth largest economy in the world, and we are rapidly gaining traction with new prospective clients daily”, concluded Mr. Kapoor.
About Bajaj Electricals
Founded in 1938 and based in Mumbai, Bajaj Electricals is a highly diversified consumer electrical appliance manufacturer. The Company employs over 2,500 team members at 19 offices throughout India. The Company produces a wide range of residential, light commercial and other daily electronics-based appliances, which are sold through partnerships totaling more than 400,000 retail locations. The Company is publicly traded on both the Bombay Stock Exchange (“BSE”) and National Stock Exchange of India (“NSE”).
About Algorhythm Holdings
Algorhythm Holdings, Inc. is an AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address these common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing.
For additional information, please go to: http://www.semicab.com
Investor Relations Contact:
Brendan Hopkins
407-645-5295
investors@algoholdings.com
www.algoholdings.com
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2024. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise.
FAQ
What is the value of the new contract between SemiCab and Bajaj Electricals?
How will the RIME stock be affected by the Bajaj Electricals contract?
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When did the Bajaj Electricals contract begin for RIME's SemiCab?
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