Karmo marks one year at the top

Today, we’re celebrating a major milestone at Karmo: the first anniversary of our landmark Motopool acquisition, to become Australia’s largest car subscription company!

It’s been an incredible year of growth, with the results proving that our vision for flexible mobility is not just resonating, it’s driving real-world success.

A year of rapid expansion

Since the acquisition, Karmo has cemented its position as Australia’s #1 car subscription company by both revenue and fleet size.

35% year-on-year revenue growth: Demonstrating strong market demand and the scalability of our model.
On track for $60 Million annual recurring revenue (ARR) for FY26: A significant achievement that solidifies our financial strength.
Expanded funding: Our debt facility has grown to $150 million.

“The past year has proven that Karmo isn’t just part of the mobility revolution, we’re leading it,” said Nick Boucher, CEO and Co-Founder of Karmo. “Our mission has always been to build a smarter, more sustainable alternative to car ownership, one that evolves with people’s lifestyles. This milestone is proof that innovation, not acquisition, drives real progress.”

Industry recognition for our disruptive approach

Our momentum hasn’t gone unnoticed by the wider business community. Karmo has recently been recognised for its innovative approach across the Australian tech landscape:

Smart Company: Karmo Ranked 12th in the 2025 Smart Company list.
Deloitte Tech Fast 50 Awards: Karmo listed as 2025 finalist.
Lord Mayor’s Business Award: Karmo shortlisted as a finalist for 2025.
AFR BOSS Most Innovative Companies: Recognised as a 2024 finalist.

Unmatched premium experience, diverse fleet

Our success is built on delivering a consistently premium experience, and offering the market the variety of vehicles they want. Our commitment is reflected in our 4.9-star Google rating from over 1,200 customers, and a fleet of nearly 5,000 vehicles reflecting the needs of the modern Australian driver. With a choice of more than 35 brands and a growing selection of Electric Vehicles (EVs) and prestige models.

Looking ahead

We are excited to continue leading the charge in flexible, smarter, and sustainable mobility.

Author

Sam Merigala

Samuel Merigala is a digital marketing specialist with experience spanning SaaS, automotive, and mobility sectors. With a Master of Business from The University of Queensland, Sam specialises in growth marketing strategy, content development, and data-driven campaign execution across Australian markets.

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The automotive industry is evolving faster than we can imagine, with Australian drivers looking for more convenient ways to access vehicles without the long-term commitment.