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Netflix-style car subscription company reboots

Simon Evans
Simon EvansSenior reporter

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Car subscription company Carly, which has remade itself by taking on a new name and undertaking a one-for-25 share consolidation, says demand is rising as customers seek maximum flexibility in uncertain economic times and it enhances its range with electric vehicles.

Chief executive Chris Noone said on Wednesday that aside from a small drop in subscription users in April, the company had been growing solidly during the pandemic and expected that to continue as it begins offering electric vehicles to customers.

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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com

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    Original URL: https://www.afr.com/companies/transport/netflix-style-car-subscription-company-reboots-20201216-p56nur