Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 69

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 4
Chunk 69
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vehicles and equipment on the Cartrack cloud platform. Our highly scalable platform serves large multinational enterprises and individual
consumers alike, enabling us to address a large, growing and underpenetrated global market. We collect more than 200 billion data points
per month and have maintained a consistent platform uptime of 99.9%.

Our proprietary SaaS platform
acts as a central nervous system for connected vehicles and other mobile assets, such as construction equipment, generators, refrigeration
units, trailers and boats. Our platform collects, processes, and analyzes data via two-way communication with our proprietary hardware
technology or third-party devices in each vehicle or other asset, providing our users with visibility into their fleets from a single,
user friendly interface with reporting and tracking capabilities that deliver actionable insights in real-time. Our intuitive web-based
applications provide a comprehensive set of software features for managing fleets and related workforces without the need for customers
to incur upfront information technology costs and include advanced functionality such as real-time high speed video streaming.

We provide customers with the
flexibility to deploy our solutions across a range of vehicles, including electric vehicles, and other assets and to use our platform
alone or in conjunction with the systems of OEM’s and other third parties. We are committed to the continued enhancement of our
customer experience and retention by driving innovation in the platform, adding functionality, new software features and integration with
OEM solutions. The benefits of our platform to our customers include increased productivity, efficiency, sustainability, and regulatory
compliance. We empower our customers, which range from consumers to large enterprise fleets, with actionable intelligence to enhance profitability,
better serve their customers, and strengthen safety and security. We define customers at the enterprise or consumer level and subscribers
as each vehicle or asset we service.

Our principal expenditure includes
costs related to Sales and Marketing, General and Administration and Research and Development, as more fully described further on in this
annual report. Capital expenditure, including commitments, are also described further below.

Our Platform and its Key Strengths

We have built one platform with vertically
integrated operations and we offer a:-

Broad array of mobility
applications. We offer real-time connectivity services through mobile devices to manage the deployment of people, vehicles and
the tasks that they are required to perform. This includes communications, analytics, accounting, live video streaming, workforce management
and an array of medical and roadside assistance services that are applicable to taxi/ridesharing, public transit systems and logistics
businesses. With fleet management,