Carly Holdings (ASX:CL8) has secured a $10M asset finance facility to acquire vehicles for its subscription fleet expansion, which would quadruple the current fleet of 146 vehicles if fully drawn down.
This comes in addition to the $3.2M of asset finance already secured and drawn down from other financiers.
The first vehicle deliveries are expected by late March 2023, with over 100 forward orders in place.
Carly Holdings says the new facility supports Carly's growth by allowing it to acquire more vehicles and generating revenue from subscriptions.