Carma Technology is a leading player in technology for promoting, rewarding, and authenticating high-occupancy transportation. With a focus on smartphone technology for HOV verification, GPS tolling, road user charging, and dynamic road pricing, the company has been a trusted partner of government agencies for over a decade. Carma's patented technology has successfully verified tens of millions of road transactions, bringing about time and cost savings for commuters. Its latest app, GoCarma, has garnered a user base of over 40,000 daily commuters, allowing them to qualify for HOV toll discounts on Dallas-Fort Worth TEXpress Lanes during weekday peak periods. The company, founded in 2007 and based in the United States, attracted a Convertible Note investment on 15 July 2022, with the investment coming from SOSV.
Carma Technology
World leader in technology for encouraging, rewarding and verifying high-occupancy transportation.
Austin, United States
54 employees
Convertible Note
Total: $9.60M
Information Technology, Transportation
General Information
Austin, United States
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United States Market
Information Technology
About Carma Technology
Business keywords: Smartphone Technology, High Occupancy Vehicle Verification, GPS Tolling, Road User Charging, Dynamic Road Pricing, Government Partnership, Transportation Efficiency, Roadside Infrastructure, Commuter Savings, Mobility Apps, Carpooling, Ridesharing, Intelligent Transportation Systems, Tolling Solutions, Sharing Economy
Funding Rounds & Investors (10)
View All| Funding Stage | Amount | Investors | Lead Investors | Date |
|---|---|---|---|---|
| Convertible Note | Undisclosed | 1 |
|
15 Jul 2022 |
| Convertible Note | Undisclosed | 1 |
|
27 Sep 2021 |
| Debt Financing | Undisclosed | 2 |
|
05 Feb 2020 |
| Convertible Note | Undisclosed | 1 |
|
12 Nov 2019 |
| Series B | Undisclosed | 1 |
|
31 Dec 2018 |
| Convertible Note | Undisclosed | 1 |
|
09 Sep 2016 |
| Convertible Note | Undisclosed | 1 |
|
13 May 2016 |
| Convertible Note | Undisclosed | 1 |
|
20 Feb 2016 |
| Series A | $5.60M | 1 |
|
14 Dec 2010 |
| Series A | $4.00M | - |
|
07 Aug 2010 |
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FAQ About Carma Technology
Source: BounceWatch company record for Carma Technology, https://bouncewatch.com/company/carma-technology, updated 5 January 2025. When citing, please name BounceWatch and link this page.
