The highway-funding model is broken—the gas tax is failing, and the Highway Trust Fund is effectively insolvent. Carma is the Road Pricing 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 launches smartphone-only programs in weeks, hybrid integrations in two to three months—not years. The CBO projects a $241 billion highway funding shortfall this decade—and NYC alone generates $500 million a year from a single congestion zone. That's the market we're operating in. 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. We land and expand—by the time mandates arrive, the operating system is already chosen. And we win because we expand agency margin: moving agencies beyond fixed tolling into programmable pricing—without the infrastructure and operating overhead.