Algorhythm Holdings Secures $6 Million Contract Expansion with Major Paint Manufacturer

Reuters12-11

Algorhythm Holdings Secures $6 Million Contract Expansion with Major Paint Manufacturer

Algorhythm Holdings Inc. announced that its subsidiary, SemiCab, has secured a $6 million contract expansion with one of India's largest paint manufacturers and retailers. This agreement increases the number of committed transportation lanes from 25 to 183 and is expected to add up to $5.5 million in annual service revenue for SemiCab. The expansion raises SemiCab's projected annualized revenue run rate to over $13 million. SemiCab initially launched a commercial pilot program with the customer in early 2023. This contract is the largest single award in SemiCab's history and marks the fifth major contract expansion in India in 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algorhythm Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9600404-en) on December 11, 2025, and is solely responsible for the information contained therein.

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