Collaborate Corporation Limited announce that it has agreed terms with Turners Automotive Group for the launch of the Carly vehicle subscription service in New Zealand. The agreement follows a $1 million strategic investment from Turners Automotive and an exclusive negotiating period for the launch of a joint vehicle subscription service in New Zealand announced on 2 July 2019. This announcement confirms the successful conclusion of these negotiations.

Turners has committed to supply 200 vehicles to the Carly fleet within six months of launch; sourced from their own stock and partners including automotive dealers, manufacturers and fleet managers. Carly is expected to launch in New Zealand in late March 2020. Carly will generate income from a platform licence fee based on subscription revenue, custom technology development and for the provision of customer service.