Karma Automotive has announced the expansion of its European business in Germany, Austria, and Switzerland, in addition to the company’s presence in the Netherlands, Sweden, France, Spain, and Portugal.
The California-based, Chinese-backed company has been in the headlines recently for not doing so well, with Jalopnik reporting that it was considering filing for bankruptcy before the Wanxiang Group decided to give them another shot – and more funding.
According to another report from The Verge, Karma Automotive also received between $5 to $10 million in paycheck protection loans after going through multiple rounds of layoffs over the last year.
Karma Automotive is a company created out of the ashes of Fisker, which launched the original Fisker Karma back in 2012. That same car exists today -sort of- as the Karma Revero, featuring a range-extending hybrid powertrain with dual electric motors and a 2.0-liter four-cylinder turbo engine for a combined output of 403 HP and 50 miles (80 km) of EV range.
The 2020 Karma Revero GT
Karma has already revealed the updated 2020 Revero GT that features a revised design and a new hybrid-electric powertrain with a combined output of 528 HP and 80 miles (128 km) of EV range.
“We are currently in discussion with a number of potential retail partners in Germany as well as Switzerland and Austria who have the ability to meet evolving consumer expectations alongside Karma’s distinct design and technology offerings,” said Rogier Kroymans, Karma’s VP European Sales and Network Development.
The company says that the first model to be offered in Germany, Austria, and Switzerland will be the original Revero and not the 2020 Revero GT, albeit in limited numbers before they launch their future models in 2021.
