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Algorhythm to acquire Azure Energy for $23 million

PUBLIC · RIMESep 24, 2026

Acquiring Company

Algorhythm Holdings

Acquired Company

Azure Energy

Fort LauderdaleCommerce and ShoppingFinanceEnergyRenewable EnergySolarBiomass Energy

Description

Algorhythm Holdings, Inc. has announced the acquisition of Azure Energy in an all-stock transaction valued at $23 million. This acquisition will enable the company to generate revenue exceeding $10 million through the end of 2027. The initiative is part of Algorhythm's strategy to strengthen its balance sheet and fund future growth. The company aims to leverage this acquisition to enhance its renewable energy capabilities.

Company Information

Company

Algorhythm Holdings

Location

6301 NW 5TH WAY, SUITE 2900

Fort Lauderdale, Florida, United States

About

Algorhythm Holdings, Inc. is a holding company with two primary investments. First, the Company owns SemiCab Holdings, an emerging leader in the AI-enabled global logistics industry. Second, the Company owns The Singing Machine Company, the worldwide leader in the consumer karaoke industry.

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Frequently asked

Who acquired Azure Energy?

Azure Energy was acquired by Algorhythm Holdings, based in Fort Lauderdale. The deal was reported on September 24, 2026. Algorhythm Holdings, Inc. is a holding company with two primary investments. First, the Company owns SemiCab Holdings, an emerging leader in the AI-enabled global logistics industry. Algorhythm Holdings is publicly traded (RIME) and operates in Commerce and Shopping.

When did Algorhythm Holdings acquire Azure Energy?

Algorhythm Holdings's acquisition of Azure Energy was reported on September 24, 2026. Algorhythm Holdings, Inc. has announced the acquisition of Azure Energy in an all-stock transaction valued at $23 million. This acquisition will enable the company to generate revenue exceeding $10 million through the end of 2027. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Azure Energy do?

Azure Energy is a leading developer of renewable biomass power generation infrastructure, founded in 2025. The company specializes in creating solutions for renewable power and has a strong team of experts in the biomass sector. It is privately held, operating in Energy.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.