Karma Automotive builds the Revero luxury electric sport sedan and delivered roughly 500 units of that inaugural model in 2019. The Revero retails starting at about $140,000 and Karma plans a high-horsepower GTE version plus a higher-tier supercar. The company says it is shopping its EV platform to other automakers and OEMs as an additional revenue path. Karma is also in discussions to develop a commercial delivery truck prototype by year’s end. Management says it will eventually expand beyond pure EVs to hybrid fuel vehicles. Karma is described in the article as a struggling automaker whose prospects may be buoyed by broader market optimism around EVs.

Total raised

$100M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2020