Karmo stories
Active subscriptions have topped 3,500 as the Brisbane-founded car subscription group expands nationally and targets AUD $90 million recurring revenue.
Lower weekly payments could widen access to BYD electric cars as Karmo's novated subscription starts at AUD $126.16 in Australia.
The tie-up gives Australian drivers a single-fee route into EVs, bundling cars, charging and running costs without a long lease.
Women eyeing commercial leadership in mobility need vision, data, resilience and courage to thrive and drive lasting change at the top.
Karmo's car subscriptions join Commonwealth Bank's Cars for CommBank marketplace, offering flexible access to petrol, hybrid and electric cars.
Karmo is now the sole provider in Queensland's Local Buy fleet scheme, offering councils and agencies easy access to flexible vehicle subscription services.
Karmo and Smart launch a novated car subscription in Australia, offering flexible four-month terms with all costs included in one monthly payment.
Karmo boosts its debt facility to AUD $150m as revenue jumps 35%, aiming to add 5,000 vehicles to its already largest Australian car subscription fleet.
Shaun Lees has joined Karmo as Head of Dealer Development, aiming to strengthen dealer relations and expand the Australian vehicle subscription network.
AI use helped the Australian car subscription provider more than double its fleet while lifting vehicle utilisation to 91%.
The move gives Eagers exposure to Australia's growing vehicle subscription market as Karmo eyes annual recurring revenue of AUD $60 million by 2026.
