Australian next-gen car services companies Loopit and CarBon have announced a joint venture that targets the growing adoption of electric vehicles by businesses across Australia.
Loopit, a leading car subscription software developer based out of Sydney, and CarBon, a WA-based commercial EV leasing company, say the partnership will focus on the leasing market.
Loopit, which was founded in 2020 by brothers Paul and Michael Higgins – who had originally founded HelloCars, the first fully online used car dealership in Australia, in 2017.
It provides an end-to-end software solution for companies looking to enter the subscription space, or who are looking for a simpler solution to manage their existing subscription fleet.
Founded in 2022, CarBon has partnered with EV conversion company Roev to supply 500 EVs for subscription and leasing to customers and businesses across its first year of operations.
“The beauty of a subscription model is that it allows businesses to dip their toes into the world of EVs by starting with a couple of vehicles for a shorter period,” said Scott Gillespie, CEO of CarBon.
“By doing so, they gain the confidence that if things don’t go as planned, they can easily return the vehicles.
“However, it’s worth noting that many of our subscribers have exceeded the initial period and are delightfully continuing with their subscriptions.”
