The highway-funding model is broken—the gas tax is failing, and the Highway Trust Fund is effectively insolvent. Carma is the Road Usage Operating System that makes road pricing deployable, repeatable, and scalable. We sell a platform software subscription that replaces traditional operating overhead, plus a per-transaction fee that scales with program volume—so agencies get a living system, not a bespoke infrastructure project every time policy changes. Traditional road pricing is slow because it's tied to gantries and civil works; Carma can launch smartphone-only programs in weeks—we've done it in as little as three weeks—and even hybrid integrations typically take two to three months, not years. We're already in production: our anchor is the North Central Texas Council of Governments in Dallas–Fort Worth, a $23 million contract inside $28 million total contracted value, with about $3 million historical ARR and a $4.2 million 2026 projection. This is a long-game market: we land and expand—and by the time mandates arrive, the operating system is already chosen. And we win because we expand agency margin: we let them move beyond fixed tolling into programmable pricing—without the infrastructure and operating overhead.
The highway-funding model is broken—the gas tax is failing, and the Highway Trust Fund is effectively insolvent. Carma is the Road Usage Operating System that makes road pricing deployable, repeatable, and scalable. We sell a platform software subscription plus a per-transaction fee, so agencies get a living system—not a bespoke infrastructure project every time policy changes. We're already in production with the North Central Texas Council of Governments in Dallas–Fort Worth: a $23 million contract inside $28 million total contracted value, with about $3 million historical ARR and a $4.2 million 2026 projection. We land and expand—and we win because we expand agency margin, letting them move beyond fixed tolling into programmable pricing without the infrastructure and operating overhead.
The highway-funding model is broken—the gas tax is failing, and the Highway Trust Fund is effectively insolvent. Carma is the Road Usage Operating System that makes road pricing deployable, repeatable, and scalable. We sell a platform subscription plus a per-transaction fee, so agencies get a living system—not a bespoke project every time policy changes. We're in production with NCTCOG: $23M contract, $28M TCV, $4.2M projected 2026 ARR. We land and expand—and we win because we expand agency margin.
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