Jan 29,2019

KARMA AUTOMOTIVE AND SBD AUTOMOTIVE FORM STRATEGIC COLLABORATION FOR MOBILITY SERVICES

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Irvine, Calif. (Jan. 29, 2019) – Southern California-based Karma Automotive has formed a new strategic collaboration with SBD Automotive to support the initial launch of the automaker’s new Karma Mobility division, Karma CEO Dr. Lance Zhou announced today.

Karma Mobility’s mission is to build long-term brand value and create premium hands-on experiences for its discerning target luxury EV customers. SBD Automotive will provide Karma with a deep foundation of consumer insights and deployment expertise based on years of research evaluating emerging mobility services and will further support joint marketing initiatives with Karma to help build awareness and use of the new luxury mobility service.

“Shared mobility and related platforms are an important element of our well-funded business plan that will also acquire and develop key technologies important to connectivity, artificial intelligence and electrification,” Zhou said. “Our partnership with SBD Automotive will help speed-up the development of Karma Mobility and help us ensure a smooth and successful launch.”

Karma Mobility will initially offer short-term rentals of a small fleet of Revero luxury electric vehicles stationed at luxury hotels in Southern California. Although aimed at the kind of luxury hotels frequented by Karma’s discerning customer base, the carsharing model can be expanded to provide other prospective buyers the kind of personal and special VVIP treatment the automaker is known for.

“We are thrilled to provide strategic guidance and our expertise in mobility research to help ensure the success of the innovative Karma Mobility venture,” said David Bell, CEO of SBD Automotive. “In addition to deploying a standalone carsharing program, Karma Automotive’s vision breaks new ground by putting a luxury product directly in the hands of highly targeted and discerning hotel guests for both awareness and future purchase consideration. A win-win.”

Zhou said he believes that SBD’s strategic support adds a significant amount of credibility to Karma Mobility and encourages other luxury high-tech partners to explore similar collaboration. Karma has also partnered with San Francisco-based Ridecell to provide the technology platform that powers the luxury mobility services program.

 

Meet Karma Automotive and Karma Revero

Karma Automotive designs, engineers, assembles and markets luxury electric vehicles, all from its Southern California base of operations. Founded in 2014 and employing nearly 1,000 people worldwide, Karma Automotive is committed to elevating and growing the luxury mobility experience for its customers and draws on global relationships and technology partners to achieve this. Named Green Car Journal’s 2018 Luxury Green Car of the Year, Karma Revero is a luxury electric vehicle powered by dual electric motors that embodies the company’s goals of offering leading automotive design, technology, customization and an outstanding customer experience.

Learn more about Karma Automotive and Revero at www.karmaautomotive.com or visit the password-free Karma Newsroom at www.karmanewsroom.com for the latest press releases, videos and images.

 

Meet SBD Automotive

SBD Automotive (sbdautomotive.com) is a global consultancy firm specializing in automotive and mobility technologies. For over 20 years, our independent research, insight, and consultancy have helped vehicle manufacturers and their partners create smarter, more secure, better connected, and increasingly autonomous cars.

 

Media Contacts:

Dave Barthmuss, Karma Corporate Communications

dbarthmuss@karmaautomotive.com

805-660-1914

 

Christina Rotar, The Brand Amp

christina@thebrandamp.com

951-318-7095

 

Ashley Heitman, SBD Automotive

ashleyheitman@sbdautomotive.com

734-619-7969

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