Karmo acquires Motopool and $138m debt facility
Australian car subscription platform Karmo has secured a $138 million debt facility from the finance arms of Volkswagen and Toyota and has acquired rival Motopool.
Topic
Motopool
Millennials flocking to car subscription?
Motopool has surveyed customers to determine why they are drawn to a car subscription service. “Surveys like this give us a great understanding of the changing landscape of automotive use,” said Motopool chief executive Andrew Rickett.
