Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 70

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 4
Chunk 70
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 mobile asset accounting, workforce management, and a broad set of additional software features, we
offer a highly functional, unified platform for smart transportation management and analytics delivered through a single screen.

Highly scalable vertical
SaaS platform. Our cloud architecture enables us to quickly and reliably add thousands of mobile subscriptions and integrate
their corresponding data streams each month, including data from sources such as OEMs and other third-party devices. Our easy-to-use interfaces
for iOS and Android, as well as our online desktop platform, make it seamless for users to switch between devices, and our internally
developed SaaS platform caters to all types of vehicle propulsion methods (internal combustion, hybrid, and electric) and allows for flexible
integration with all major OEM hardware and software platforms.

Large and growing global
infrastructure. Our business is vertically integrated in the design, development, production, and deployment of our hardware and
software offerings. Unlike many of our competitors, almost all of our systems and products that we use are proprietary. Our vertically
integrated model allows us to provide our customers with the benefits of lower costs and greater flexibility without third-party vendor
lock-in. Our R& D center in Singapore is staffed exclusively by our employees and is positioned to ensure our continued access to world-class
talent in Southeast Asia. To provide leading service in installations, customer support, and vehicle recovery, we have established a comprehensive
branch network of automotive technicians with rapid-response capabilities in more than 20 countries in which we or our licensees operate
and more than 1,000 mobile workshops to serve customers globally around-the-clock. Our customer focused approach to service is key to
our leadership position in the industry.

Deep domain expertise, industry
knowledge, and institutional intellectual property. Our experienced R& D and management teams have accumulated vast experience
in the fields of data operations, GSM, radio frequency, and satellites, as well as emerging and next-generation technologies such as LPWAN
and V2X communications. Each of our proprietary smart devices is compact, facilitating effective concealment, and is transferable from
one vehicle to another. Personal safety considerations, specialized fleet management, and regulatory compliance will continue to require
the design and development of proprietary hardware. Our trained automotive technicians carry out installations with electronic connections
kept at a minimum so as not to interfere with the vehicle’s electronic systems. Our products and installations are endorsed by a
number of insurers and motor vehicle manufacturers.

Culture of service and
innovation. The values at the heart of