SemiCab India Secures Eight Major Deals, Expanding AI Logistics Footprint
Strong Momentum in India's Freight Sector
As reported by Globe News Wire, Algorhythm Holdings, which owns the logistics platform SemiCab India, has announced four major contract expansions and new contract wins. The development has significantly increased the company's revenue forecast and national footprint, allowing it to better plan for its presence in India.
Contract Expansions Drive Scale
The agreements are believed to be with India's major multinational corporations, which are from the FMCG, industrial, and automation industries. It is said that the clients have already completed the pilot phases and are now prepared to boost cargo values by 100-200%. The goal is to eliminate empty miles while optimizing fleet utilization.
It is projected that SemiCab India will grow by over 400 percent compared to what it was during Q1 of 2025.
SemiCab also launched four more such programs with leading industrial and consumer goods conglomerates. The new customers and all new entrants into India's National Digital Freight Exchange (NDFE), will be offered the company's services extended to South-West-Central corridors from June 2025.
Executive View
SemiCab Holdings CEO Ajesh Kapoor characterized the milestone as a turning point for the company's India operations based on growing client confidence. Algorhythm Holdings CEO Gary Atkinson further stated that demand for long-haul freight services is rising in India, and that SemiCab's AI platform is helping to drive efficiency and reduce cost for large shippers.
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Fleet Growth and Future Plans
SemiCab is said to currently have 140 trucks in India and have rights to deploy 450 more. The aim is to have over 1,000 trucks by the end of 2025. The move is a strategic one as it aligns well with and matches the expansion from $140 billion to $240 billion by 2029.
