KARMA AUTOMOTIVE JOINS THE CLIMATE PLEDGE ON JOURNEY TO NET-ZERO CARBON BY 2040
21 Apr, 2021 | IRVINE, Calif.
IRVINE, Calif. (April 21,2021) – Karma Automotive announced today the company has joined The Climate Pledge, committing to become net carbon neutral by 2040. This commitment encompasses its production facility, supply chain partners and product lineup which includes vehicles powered by both hybrid and pure electric powertrains and propulsion systems.
Karma continues to align with partners that share the same philosophy on protecting the environment and investing in research and development projects that have a positive effect on the planet. Karma looks forward to collaborating with other Climate Pledge signatories on research and the development of green technologies in the automotive space to advance and attain the goal of becoming net carbon neutral. As part of The Pledge, Karma will employ the organization’s collaborative Scope 3 reporting system and shares regular status updates with the World Economic Forum.
“We would like the community to work towards action and to use this platform for true change and show a true commitment to the environment,” said Dr. Lance Zhou, Karma Automotive CEO. “We would like The Climate Pledge to continuously challenge those in the community to meet and exceed their goals.”
ABOUT KARMA AUTOMOTIVE
Karma Automotive, founded in 2014, is a southern California based producer of luxury electric vehicles. Headquartered in Irvine, California with an assembly plant located in Moreno Valley, Karma sells vehicles via its dealer network in North America, Europe, South America and the Middle East. Karma’s Innovation and Customization Center, which opened in 2017 offers world-class engineering, design, customization, and manufacturing services along with electrification platforms. Karma’s flagship vehicle, the Revero® GT, Green Car Journal’s 2020 Luxury Green Car of the Year™, is an electric vehicle powered by dual electric motors that embodies Karma’s goal of offering leading technology with a luxury experience. In 2021 Karma announced the GS-6 Series which include both an extended-range series hybrid EV and their first-ever all-electric vehicle. Every Karma vehicle is created with unparalleled individual care and craftsmanship.
In June 2020, Amazon announced The Climate Pledge Fund to support the development of sustainable and decarbonizing technologies and services that will enable Amazon and other companies to meet the goals set by The Climate Pledge. The Climate Pledge Fund is a corporate venture capital fund that invests in companies that can accelerate Amazon’s path to meeting The Climate Pledge. This dedicated investment program—with an initial $2 billion in funding—will invest in visionary companies whose products and solutions will facilitate the transition to a low-carbon economy. For more information, visit www.theclimatepledge.com