Company: KARO
Filing Date: 2025-06-09
Form Type: 20-F
Source: 0001213900-25-052372
Chunk: 81

Company: Karooooo Ltd.
Filing Date: 2025-06-09
Form: 20-F
Item: Item 4
Chunk 81
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with point-to-point solution providers as well as other companies with service offerings designed to address similar needs as our solutions
that range from small, regional providers to midsized multinational providers to large global providers. Many of our competitors offer
fleet or mobile asset management software solutions to particular industry segments or in limited geographic regions. For example, we
compete with Verizon Connect, WebFleet by Bridgestone (formerly TomTom), Masternaut (a Michelin Group Company) and Fleet Complete for
commercial fleet management in Europe; we compete with Tracker, Netstar, Power Fleet (formerly MiX Telematics), Geotab and CTrack in South
Africa; and we compete with a large and fragmented group of competitors in Asia and Africa. Many larger competitors have entered the market
in recent years through acquisitions of competing solutions, such as telecommunications provider Verizon acquiring Fleetmatics, as well
as tyre companies Bridgestone and Michelin acquiring TomTom and Masternaut, respectively. Some of our actual and potential competitors
may enjoy competitive advantages over us, such as greater name recognition, longer operating histories, more varied services, and larger
marketing budgets, as well as greater financial, technical, and other resources.

We believe that the key competitive factors in our market
include:

  ease of onboarding, initial setup and use;  

  platform functionality, performance and reliability (speed  

  relevant features that best meet the needs of fleet operators;  

  business intelligence capabilities;  

  technology architecture scalability;  

  customer service; and  

  cost.  

We believe that our efficient
customer acquisition model, data driven business intelligence approach to fleet management, SaaS delivery model, deep domain expertise
and large user base enable us to compete effectively. We believe that many of our competitors rely on up-front hardware sales to finance
their operations, posing a significant investment hurdle for certain customers. Additionally, many of these competitive offerings are
difficult to deploy and use and lack other features required by customers.

Some of our competitors have made
or may make acquisitions or enter into partnerships or other strategic relationships to offer a more comprehensive service than we do.
These combinations may make it more difficult for us to compete effectively, including on the basis of price, sales and marketing programs,
technology, or service functionality. We expect these trends to continue as companies attempt to strengthen or maintain their market positions.

Seasonality

Our business is not materially affected by seasonal trends.

Intellectual Property

Our intellectual property rights
are important to our business. We