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Carly Holdings Limited: Fleet Growth Delivered – Cash Set to Follow
SUMMARY
- Carly Holdings Limited (ASX:CL8) operates a vehicle subscription service that is a shorter-term alternative to lease, loan or outright purchase of a vehicle.
- Average subscription period is five+ months vs. three+ years for more traditional options. The subscription includes insurance, registration and maintenance.
- There is no debt or balance sheet impact for the customers. The business model has attracted the attention of large strategic investors.
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