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
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Karma Automotive, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$100 M (USD)
in 3 rounds
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Latest Funding Round
$100 M (USD), Private Equity Round
Jul 08, 2020
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Investors
Caterpillar
& 1 more
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Employee Count
Not available
- Investments & Acquisitions
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Products & Services of Karma Automotive
Karma Automotive offers a comprehensive portfolio of products and services, including REVERO, KARMA INVICTUS, KAVEYA, GYESERA, and IVARA.
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.
People of Karma Automotive
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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 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.
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.
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Financial assistance and development resources are provided to small businesses.
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Construction and mining equipment, engines, and locomotives are manufactured.
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Investor details for Karma Automotive
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Investments & Acquisitions by Karma Automotive
Karma Automotive has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Airbiquity.
Investment portfolio details for Karma Automotive
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A cloud platform for connected car services is provided.
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Complete acquisition details for Karma Automotive
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Financial Statements - Karma Automotive
Detailed financials for Karma Automotive
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Karma Automotive Comparisons
Peer comparison for Karma Automotive
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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.
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Electric vehicles are manufactured and developed by Polestar.
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AI-enabled electric vehicles and battery-swapping systems are developed by NIO.
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Electric vehicles and solar energy products are manufactured.
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Electric vehicles are manufactured and leased by Fisker Inc.
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Electric SUVs are manufactured in Beijing, China.
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Multi-category electric vehicles and robots are manufactured by Segway-Ninebot.
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Detailed competitors of Karma Automotive
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Latest news on Karma Automotive
Complete news archive for Karma Automotive
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Frequently Asked Questions about Karma Automotive
Karma Automotive was founded in 2014 and raised its 1st funding round 4 years after it was founded.
Karma Automotive is headquartered in Costa Mesa, United States. It is registered at Costa Mesa, California, United States.
Karma Automotive is a funded company, having raised a total of $100M across 3 funding rounds to date.
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.
Karma Automotive's top competitors include Polestar, Beijing Che Lixing Information Technology and Fisker.
Karma Automotive offers REVERO, KARMA INVICTUS, KAVEYA, GYESERA, and 2 more products and services.
Karma Automotive has made 1 acquisition, including Airbiquity.
Karma Automotive has 2 investors. Key investors include Caterpillar, and Small Business Administration.