Marico Scales National Transportation Network on SemiCab’s Collaborative Transportation Platform

Fort Lauderdale, FL, Nov. 24, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME ) – a leading AI technology company, today announced that SemiCab has achieved a significant expansion of its transportation services engagement with Marico, one of India’s leading consumer goods companies that operates in the global beauty and wellness space.

The expansion represents an annualized revenue opportunity of approximately $3 million for SemiCab and represents the fifth multi-million dollar contract the company has executed this year.

Marico’s decision to scale its transportation network on SemiCab’s Collaborative Transportation Platform followed its successful completion of an initial pilot program with SemiCab. The expanded engagement will support Marico’s nationwide operations with greater service consistency, improved planning accuracy, and significantly reduced transportation costs.

The Marico expansion follows several significant contract wins for SemiCab in 2025 and reinforces SemiCab’s position as a managed transportation partner for large enterprises across India. Its managed services offering is powered by its AI-powered technology platform, which reduces empty miles, improves asset utilization, and strengthens on-time performance across complex long haul freight networks.

Ajesh Kapoor, CEO of SemiCab Holdings, LLC, said, “We are honored to deepen our partnership with Marico. Their decision to expand from a pilot program to a large scale national engagement demonstrates the value our platform consistently delivers. As more enterprise customers utilize our network in India, the efficiencies grow stronger and the economics become more compelling for all of our partners there. Momentum within our India business continues to accelerate. Each multi-million-dollar contract increases network density and positions us to drive even greater efficiencies as we scale.”

About Algorhythm Holdings

Algorhythm Holdings, Inc. is a leading 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 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

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