Algorhythm Holdings' SemiCab Wins $1.6M Hindustan Unilever Contract Expansion

Hindustan Unilever, Ltd. Awards SemiCab $1.6 Million Contract Expansion that Provides SemiCab With Important Strategic Geographic Synergies

Fort Lauderdale, FL, Jan. 21, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – a leading AI technology company, today announced its first contract expansion of 2026. SemiCab was awarded $1.6 million in new business by Hindustan Unilever, Ltd. ("HUL"), the Indian-based subsidiary of Unilever, one of the global leaders in consumer packaged goods and one of the largest shippers in India.

The award represents a more than 10x increase in contract value over the value of the pilot program the parties were previously operating under. Beyond the dollar value of the award, the award provides SemiCab with important geographic synergies in the Southern Corridor in Bangalore where SemiCab has a dominant market share in metropolitan areas that act as critical logistics hubs for multiple FMCG and consumer durables companies. The new HUL volume is very complementary to SemiCab's freight network, which will utilize the new HUL volume to minimize empty mileage and improve the utilization of its dedicated fleet in the Southern Corridor.