About Karma Automotive
Karma Automotive is a company based in Costa Mesa (United States) founded in 2014.. Karma Automotive has raised $100 million across 3 funding rounds from investors including Caterpillar and Small Business Administration. Karma Automotive has completed 1 acquisition, including Airbiquity. Karma Automotive offers products and services including REVERO, KARMA INVICTUS, KAVEYA, GYESERA, and IVARA. Karma Automotive operates in a competitive market with competitors including Polestar, NIO, Tesla, Fisker and Beijing Che Lixing Information Technology, among others.
- Headquarter Costa Mesa, United States
-
Sectors
Transportation, Automotive & Logistics
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Karma Automotive, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$100 M (USD)
in 3 rounds
-
Latest Funding Round
$100 M (USD), Private Equity Round
Jul 08, 2020
-
Investors
Caterpillar
& 1 more
-
Employee Count
Employee Count
- Investments & Acquisitions
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Karma Automotive
Karma Automotive offers a comprehensive portfolio of products and services, including REVERO, KARMA INVICTUS, KAVEYA, GYESERA, and IVARA. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Luxury electric vehicle offering extended range for high-performance driving.
Electric vehicle focused on speed and luxury performance features.
High-end electric coupe designed for ambitious and pure driving experiences.
Electric four-seater vehicle emphasizing versatile luxury mobility.
Luxury electric utility vehicle for bold and capable adventures.
Extended-range electric coupe providing immersive and alive driving.
Unlock access to complete
Funding Insights of Karma Automotive
Karma Automotive has successfully raised a total of $100M across 3 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $100 million completed in July 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Private Equity Round — $100.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2020 | Amount | Private Equity Round - Karma Automotive | Valuation |
investors |
|
| Apr, 2020 | Amount | Debt – Conventional - Karma Automotive | Valuation |
investors |
|
| Oct, 2018 | Amount | Private Equity Round - Karma Automotive | Valuation | Caterpillar |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Karma Automotive
Karma Automotive has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Caterpillar and Small Business Administration. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Financial assistance and development resources are provided to small businesses.
|
Founded Year | Domain | Location | |
|
Construction and mining equipment, engines, and locomotives are manufactured.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Karma Automotive
Karma Automotive has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Airbiquity. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
A cloud platform for connected car services is provided.
|
1997 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
OVO is recognized as a smart digital payment application.
|
2017 | ||||
|
Bionic investment advisor platform
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Karma Automotive
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Karma Automotive Comparisons
Competitors of Karma Automotive
Karma Automotive operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Polestar, NIO, Tesla, Fisker and Beijing Che Lixing Information Technology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Electric vehicles are manufactured and developed by Polestar.
|
|
| domain | founded_year | HQ Location |
AI-enabled electric vehicles and battery-swapping systems are developed by NIO.
|
|
| domain | founded_year | HQ Location |
Electric vehicles and solar energy products are manufactured.
|
|
| domain | founded_year | HQ Location |
Electric vehicles are manufactured and leased by Fisker Inc.
|
|
| domain | founded_year | HQ Location |
Electric SUVs are manufactured in Beijing, China.
|
|
| domain | founded_year | HQ Location |
Multi-category electric vehicles and robots are manufactured by Segway-Ninebot.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Karma Automotive
Frequently Asked Questions about Karma Automotive
When was Karma Automotive founded?
Karma Automotive was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Where is Karma Automotive located?
Karma Automotive is headquartered in Costa Mesa, United States. It is registered at Costa Mesa, California, United States.
Is Karma Automotive a funded company?
Karma Automotive is a funded company, having raised a total of $100M across 3 funding rounds to date.
What does Karma Automotive do?
Karma Automotive was founded in 2014 and is headquartered in Costa Mesa, United States. Operations focus on the automotive sector, specifically the development of electric vehicles. Models such as Revergo, RevergoGT, and RevergoGTS are produced, incorporating features like dual motors, extended range capabilities, regenerative braking, leather upholstery, solar roofs, aluminum frames, biometrics, facial recognition, and wing doors. The company maintains its domain at karmaautomotive.com.
Who are the top competitors of Karma Automotive?
Karma Automotive's top competitors include Polestar, Beijing Che Lixing Information Technology and Fisker.
What products or services does Karma Automotive offer?
Karma Automotive offers REVERO, KARMA INVICTUS, KAVEYA, GYESERA, and 2 more products and services.
How many acquisitions has Karma Automotive made?
Karma Automotive has made 1 acquisition, including Airbiquity.
Who are Karma Automotive's investors?
Karma Automotive has 2 investors. Key investors include Caterpillar, and Small Business Administration.