Financial Performance and Profitability
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Karma Automotive remains a niche player, selling around 100 vehicles per year on average, with total sales of approximately 1,000 units to date.
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The company reported steady operations with plans to scale production gradually as new models launch, though detailed public revenue and profit figures for 2025 are not available.
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Pricing for new models ranges from about $145,000 for updated hybrid sedans to “north of $300,000” for upcoming super coupe electric vehicles, reflecting a premium luxury positioning.
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Investments continue in next-generation battery electric vehicles (BEVs), range-extended EVs, and advanced connected vehicle technology including over-the-air updates and software-defined vehicle architecture.
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Karma expanded its technological capabilities by acquiring assets and personnel from Airbiquity, enhancing its telematics, cloud services, and vehicle connectivity platform.
Vehicle Sales and Production
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The company manufactures vehicles in a 500,000-square-foot facility in Moreno Valley, California, employing a boutique, low-volume production approach.
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Current flagship and upcoming models include:
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Revero: Updated range-extended hybrid electric sedan with an electric range of about 80 miles and total range over 360 miles, priced around $145,000, available from 2024 onwards.
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Gyesera: Karma’s first full BEV sports touring sedan offering rear-wheel drive and approximately 250 miles electric range, priced near $190,000, launching late 2024.
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Kaveya: A full battery-electric super coupe available in versions delivering up to 536 horsepower and estimated 250+ miles range, with production starting in late 2025 and 2026, price exceeding $300,000.
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Amaris: Announced as Karma’s forthcoming luxury 2-door coupe, launching in Q4 2026 with sub-3.5 second 0-60 mph time and advanced carbon-fiber bodywork.
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Regional and Global Sales Performance
| Region | Highlights |
|---|---|
| North America | Largest market with 22 dealerships, sales concentrated in U.S. luxury niche |
| Europe | Select market presence with premium positioning; expanding dealer network |
| South America | Emerging sales focus with targeted dealership partnerships |
| Middle East | Growing luxury EV demand supports Karma’s ultra-luxury offerings |
Profitability and Cost Factors
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Focus remains on niche ultra-luxury segment, with high per-unit cost structure linked to handcrafted build, advanced materials, and technology integration.
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Cost control efforts coupled with technology investments in software-defined vehicle platforms and telematics aim to improve operational efficiency.
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Market positioning limits volume growth but supports high transaction prices and exclusivity.
Debt and Liquidity
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Karma's financials are private, but company investments in R&D, manufacturing capacity, and technology acquisitions suggest ongoing capital commitment.
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Acquisition of Airbiquity’s assets enhances Karma’s software and telematics platforms, a strategic move to build sustainable competitive advantage.
Best Selling Models: Overview and Highlights
| Model | Highlights |
|---|---|
| Revero | Flagship range-extended hybrid sedan; $145,000 MSRP; 80-mile electric range |
| Gyesera | First full BEV sports touring sedan; 250-mile range; $190,000 MSRP |
| Kaveya | Upcoming full-battery electric super coupe; 536 hp; 250+ miles; launches late 2025/2026 |
| Amaris | Luxury 2-door coupe with advanced materials; launches Q4 2026; sub-3.5 second 0-60 mph acceleration |
Weakest Performers and Segment Challenges
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Ultra-low sales volumes limit revenue scale and broader market penetration.
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Competition from established luxury EV makers and emerging startups puts pressure on pricing and differentiation.
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Supply chain and production scaling remain challenging for boutique manufacturers.
Key Financial and Operational Metrics
| Metric | Value / Trend | Notes |
|---|---|---|
| Total Vehicles Sold (to date) | ~1,000 units | Boutique volume, elite clientele |
| Production Facility Size | 500,000 sq. ft | Located in Moreno Valley, California |
| Pricing Range | $145,000 - >$300,000 | Reflects ultra-luxury segment |
| New Model Launches | 3 models 2024-2026 | Includes BEV, range-extender, super coupe |
Industry Outlook and Strategic Focus
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Karma aims to solidify its position in the ultra-luxury EV niche with expanded model lineup and advanced connectivity.
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Heavy emphasis on software-defined vehicles and cloud services to differentiate technologically.
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Growth strategy centers on selective global markets with rising luxury EV demand.
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Long-term focus on blending performance, sustainability, and exclusivity.
Summary
In 2025, Karma Automotive continues to build its ultra-luxury electric vehicle brand with a curated product range including hybrids, full electrics, and high-performance super coupes. Operating at a boutique scale, the company leverages cutting-edge technology, advanced manufacturing, and premium pricing to serve a niche luxury market. Strategic acquisitions and new model launches position Karma for gradual growth and enhanced innovation in the competitive luxury EV landscape.
Sources
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Karma Automotive official news and press releases 2024-2025
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Wikipedia page on Karma Automotive
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Industry reports and media coverage on Karma new model launches and technology partnerships
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Corporate announcements on acquisition of Airbiquity assets and software platform integrationkarmaautomotive+3