Jul 26, 2026 – 4.31pmCar subscription business Carbar is merging with Middle Eastern rival Carasti to create a combined $74 million pre-raise company that is seeking $10 million in fresh capital to turbocharge its growth globally.Both companies offer Netflix-style monthly car subscriptions that are more flexible than traditional novated leases. The merged entity will double Carbar’s existing fleet of 1500 vehicles to more than 3000.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Angira Bharadwaj is a co-editor of Street Talk. She covers IPOs, capital raises, mergers and acquisitions and other breaking news in Australia’s capital markets. Previously, she covered financial services, state, and federal politics. Send tips to @angirab.60 on encrypted messaging platform Signal.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Subscription car biz Carbar seeks $10m for merger with UAE’s Carasti
The merger with its UAE-based rival will take Carbar global to customers in the Middle Eat and South East Asia.
TL;DRAI
Carbar merges with Carasti (UAE) for $74M pre-raise, securing $10M to double car subscription fleet to over 3,000 vehicles. Consolidation in subscription mobility reflects investor confidence in recurring-revenue model; signals shift in corporate mobility sourcing.
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