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The Story of Karma Cars: Will They Change the Auto Industry?

  • Electric Cars
  • Renee Martin
  • 7 minutes

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Karma is a ……well, apparently, a luxury EV car producer! Discover the inspiring story of Karma Car and how they are revolutionizing the auto industry with their innovative approach to sustainability and luxury.

Move over, Rolls Royce! Karma Car is revolutionizing the luxury vehicle game. Karma Car is driving the eco-friendly revolution in the auto industry with its sustainable and innovative approach. Discover the story of their journey as they progress, arguably at a slow pace, to revolutionize the automobile industry.

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But wait, before we get into how they’re doing now, we need to look at their past, and the Karma name has quite the tale to tell – a saga of ownership swaps and pricing model pivots.

About Karma Automotive

Karma Automotive, a luxury electric vehicle producer, was founded in 2014 and is based in sunny Southern California. Karma is a global company with a strong presence in North America, Europe, South America, and the Middle East. They have their headquarters in Irvine, California, and an assembly plant located in Moreno Valley. Their vehicles are sold through a vast dealer network, making them accessible to customers worldwide

In 2021, Karma Automotive joined The Climate Pledge and committed to achieving net carbon neutrality by 2040. This commitment is a great step towards sustainability. It includes the production facility, supply chain partners, and a product lineup that offers vehicles powered by. This dedication extends to its manufacturing site, supply chain partners, and product lineup, including hybrid and pure electric powertrains and propulsion systems.

The Genesis of Karma Automotive

During a bankruptcy auction in February 2014, Wanxiang Group, a Chinese auto parts supplier, acquired the assets of Fisker Automotive for a total of $149.2 million. The assets included the designs, a plug-in hybrid powertrain, and also the former Wilmington Assembly factory in Wilmington, Delaware.

Henrik Fisker, along with his business partner Bernhard Koehler founded Fisker Automotive in 2007. The Fisker Karma plug-in hybrid sports sedan was introduced in 2011. Karma sold approximately 2,000 units of this car. Following two battery recalls by Fisker’s supplier A123 Systems, the company was unable to sustain its operations and ultimately filed for bankruptcy in February 2014.

This resulted in the acquisition of the company by Wanxiang. The acquisition did not include the Fisker brand and trademarks under Henrik Fisker’s ownership. Following its bankruptcy declaration, A123 Systems was also acquired by Wanxiang.

Karma Car charging

In early 2016 Karma enlisted the help of a straw buyer to try and reverse engineer technology from a former employee and parts supplier. The Wanxiang Group put the Wilmington, Delaware factory up for sale in October 2016.

In 2016, the company started building the Revero at its Moreno Valley, California factory. The production of the vehicle was scheduled to commence towards the end of the same year. The Revero made its debut on September 8, 2016.

Where Karma is now

The company’s portfolio mostly contains luxury hybrid and electric sedans. Here’s a closer look at Karma Cars in the market now.

Karma Car Range

Karma Revero

The Revero is a high-end hybrid electric sedan. In 2018, Green Car Journal named this vehicle their Luxury Green Car of the Year. The vehicle has a total cruising range of around 300 miles when using a combination of electric and combustion engine power and around 50 miles when using electric power alone.

Revero GT

Karma Revero GT

The Revero GT is a high-end all-electric vehicle with a long range. The model won Green Car Journal’s “Luxury Green Car of the Year” award for 2020. The Revero GT has improved performance from 0-60 mph in about 4.5 seconds and a launch control feature, setting it apart from the base Revero. When using both the electric and combustion engines, the model has a total cruising range of over 360 miles (580 km) and around 80 miles when using electric power alone.  As its flagship model, Karma intends to reimagine the Revero GT by installing an all-wheel-drive powertrain capable of producing more than 1,100 horsepower.

GS Series

The GS-6 can go up to 330 miles on a single charge using a combination of electric and gas power, making it a range-extended plug-in hybrid. The GS-6 is powered by a 400 kilowatt (kW) two-motor drive system, which generates 536 horsepower and 550 lb-ft of torque.

Karma GS 6

The GSe-6, on the other hand, is an EV that runs solely on electricity; its 85 kWh battery pack allows it to travel up to 230 miles. A model will soon be available with a 105 kWh battery pack and a range of over 480 kilometers (300 miles). Two 400-kilowatt motors power the GS-6, generating 536 horsepower and 550 pound-feet of torque.

Karma Concept Cars

Karma GT by Pininfarina

The Karma GT by Pininfarina is a high-end electric hybrid coupe that features an extended driving range. Its chassis is based on the Revero from 2020, while Pininfarina designed its body. Karma announced its debut at the 2019 Shanghai Auto Show.

 SC1 Vision Concept

The Karma SC1 Vision idea is an electric sports automobile with a retractable roof and scissor doors. The 2019 Shanghai Auto Show was where its debut was announced.

SC2 Concept

The Karma SC2 Concept is a totally electric sports automobile with retractable doors. It debuted the night before the 2019 Los Angeles Auto Show opened to the public. Robb Report’s “Best of Best” issue for 2020 named it their pick for Concept Car of the Year.

What’s next for Karma Car?

Karma intends to launch the GS-6, an all-electric luxury vehicle, in 2023. The GS-6 will have a range of over 300 miles and can accelerate from 0 to 60 mph in less than 4 seconds. Karma also intends to launch a redesigned SUV in 2024.

Karma is investing in new technology as well as growing its vehicle selection. The company is working on new battery technologies to extend the range of its automobiles. Karma is also developing new self-driving technology.

Though Karma is relatively young, it is fast expanding. A major Chinese carmaker supports the startup and has a strong staff of engineers and designers. Karma has a strong chance of becoming a key participant in the electric vehicle market.

Here are some of the things Karma has in store for the future:

  • The GS-6, an all-electric luxury vehicle, will be launched in 2023.
  • A new SUV will be released in 2024.
  • Invest in cutting-edge technologies like battery technology and self-driving cars.
  • Expand its dealer network.
  • Expand into other markets like Europe and Asia.

Karma is a company to keep an eye on in the next years. The company has the potential to dominate the electric vehicle market.

Karma Car Refinance

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