Epic Angels, a network of women executives, has invested in BusCaro, a Pakistani mobility startup, alongside Wahed Ventures and other angel investors.

Founded in 2022 with a single bus, BusCaro now reports an Annual Recurring Revenue (ARR) of US$6 million, processing over 12 million bookings.

It provides bus and minivan services for commuters, aiming to improve safety, affordability, and reliability in public transport.

The investment follows new regulations requiring schools to ensure 50% of students use high-capacity vehicles.

BusCaro has partnered with corporations and schools, achieving a 99% retention rate and 100% invoice collection.

The startup expects to reach US$6.3 million in ARR by 2025 and become profitable by early 2026.

With this funding, BusCaro plans to scale operations to meet the rising demand in Pakistan’s mobility sector.