Carbn has transitioned to full private ownership following a management buyout (MBO) that saw New Zealand Green Investment Finance (NZGIF) exit.
Carbn’s management now holds complete control, backed by Private Capital Group (PCG), setting the stage for expansion in telematics, fleet financing, and car-sharing solutions.
Management Buyout Signals New Growth Phase for Carbn
“NZGIF’s support was critical in helping Carbn move from concept to thriving business,” CEO Shaun Drylie said. Drylie emphasised that the company is now ready to scale further, with the main goal to reduce fleet costs and emissions for organisations across New Zealand.
The buyout gives Carbn’s leadership full autonomy to pursue new opportunities in the sustainable mobility sector. The company’s portfolio includes services that help businesses and government agencies reduce costs and their carbon footprint.
Carbn’s Growing Impact on New Zealand’s Businesses and Government
Carbn has created a unique business model combining car-sharing, telematics, and sustainable fleet financing. Notable clients include ASB, the University of Waikato, and Christchurch City Council.
Simpson reflected on how this ownership change could push the company to achieve even greater impact: “This change in ownership allows us to scale faster and deliver even greater impact for New Zealand’s economy and environment.”
The company also works with the government through the All-of-Government panel, enabling public agencies to cut both costs and emissions.
PCG Backs Carbn’s Leadership and Future
PCG Managing Partner Paul Carman voiced his confidence in Carbn’s future. “We see Carbn’s management team and mobility model as a fantastic example of a Kiwi business that can disrupt old industries while delivering solutions that are good for both the planet and businesses’ bottom lines.”
“We’re proud to now take the next step — scaling a New Zealand-owned company that is cutting costs for organisations while reducing emissions,” Drylie noted.