Algorhythm Holdings (RIME) announced its first contract expansion of 2026. SemiCab was awarded $1.6M in new business by Hindustan Unilever, the Indian-based subsidiary of Unilever (UL). 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.
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