Carma: We replaced fleet operations with software.

We manage 10,000+ vehicles for Fortune 500 companies with a team of 10.

8 months ago, we scrapped our original model and rebuilt Carma as an AI-native operating system for fleet operations.

Since then, every metric has compounded.

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The problem

Fleet maintenance is the #1 cost for companies that run vehicles.

And it’s still managed with:

• 15+ disconnected tools
• spreadsheets
• phone calls

Million-dollar decisions happen daily.

Made by people who:

• aren’t automotive experts
• aren’t incentivized on cost

So they approve everything.

Management can’t keep up. The problem requires deep technical context. It gets ignored.

As fleets grow, complexity snowballs.

The double-effect is vicious:

Vehicle uptime drops while costs spiral.

Margins bleed heavily.

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Why incumbents fail

The incumbent software providers are 30+ year-old leasing companies.

They make money when fleets replace vehicles more often.

So real optimization works against them.

Their software reflects it:

• system of record
• not system of intelligence

In reality: glorified Google Drive with manual data entry.

No automation. No decisions. No leverage.

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What we built

Carma replaces the entire stack.

Our AI system, Neo, runs fleet operations end-to-end:

• automates all repetitive daily workflows
• replaces all manual labor
• replaces all fragmented software

And makes optimal decisions:

• verifies pricing
• selects vendors
• schedules maintenance
• audits invoices
• determines replacement timing

Not when a leasing company wants to sell a new vehicle.

When it actually makes economic sense.

Every service makes Neo smarter.

Customers don’t add Carma.

They replace everything with it.

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Traction

• +10,100+ vehicles in 8 months, growing ~35%+ MoM
• 13 enterprise customers (all $100M+ revenue, including F500 clients)
• 100% customer retention
• $2,500+ value per vehicle annually
• 7.6x average cash ROI for customers

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Why now

AI can finally automate judgment, not just data entry.

Before: hire more people or accept inefficiency.

Now: neither.

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Team

Built to win this market:

• CEO: $60B+ M&A in automotive & fleet
• Chief Growth Officer: Scaled a medical practice portfolio from $5M to $31M while in med school
• CTO: ML infra at Google Cloud, real-time systems at Discord
• Head of Ops: ASE Master Tech, built ALLDATA international ops

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If you’re an investor or operator in this space, email us:

muhammad@joincarma.com - Muhammad Alasgarli, Founder and CEO

suleyman@joincarma.com - Suleyman Alasgarli, Founder and Chief Growth Officer