Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 72

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 4
Chunk 72
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 maintenance through alerting and scheduling. Route management and traffic mapping,
powered by our platform, can reduce the distance traveled by each vehicle. By providing an integrated platform for data, analytics and
communications, driver and dispatch teams can work together more efficiently and empower management with greater insight into key performance
indicators of asset and employee performance such as utilization, service intervals and billable hours.

Stability and reliability. Cartrack utilizes the GSM/LTE network to facilitate reliable communication between our platform and telematics devices. This technology
enables recovery teams to accurately locate stolen vehicles and allows customers to track the movement of their vehicles via the web or
mobile applications. GPS satellite technology provides users with accurate positioning and monitoring of the vehicle fleet. Secondary
radio homing beacons enable air and ground response teams to locate vehicles in areas where coverage may be sparse. Customers also further
benefit from our consistent 99.9% system uptime for the financial year ended February 28, 2025.

Road safety and accident
management. The World Health Organization estimates that road traffic crashes cost most countries 3% of their gross domestic product,
illustrating the importance of improving driver habits and monitoring commercial vehicles. Powered by industry leading AI, we provide
comprehensive driver behavior monitoring and measurement applications which are easily integrated into vehicles to extract and analyze
significant amounts of data to improve driver behavior. In addition, deployment of in-vehicle telematics sensors to monitor activity on-road
and within a vehicle provides performance benefits and critical data in the event of a collision.

Our Opportunity

There is a significantly underpenetrated
global opportunity in mobility data analytics for smart transportation. According to Allied Market Research, the automotive OEM telematics
global market opportunity is expected to grow from $96.3 billion in 2024, and is projected to reach $321.3 billion by 2032, registering
a CAGR of 16.3% from 2024 to 2032. On-the-ground operations present an attractive opportunity and may account for more than 40%
of global GDP, based on market research and analysis from multiple third-party sources including the World Bank and the CIA. We
believe a large portion of spending in the sector today is for outdated telematics offerings that do not provide the next-generation capabilities
required by today’s customers across a broad range of transportation and mobility use cases. In 2024, Fitch Solutions estimated
there will be more than 1.7 billion vehicles in the world,