Karma Automotive eyes expansion in 13 new cities in the across the U.S. and 19 new countries by 2020.
It is now working on new retail agreements with specialized luxury retailers in various key Western and East Coast markets in the country.
“Karma was born and is deeply rooted in California but we are a global company,” says Karma CEO Lance Zhou. “We are continually evaluating growth opportunities for the brand as we make a measured rollout of our products to additional export markets. We will soon be live in Europe, North Africa, the Middle East and then China.”
Zhou is positive about the company’s growth. “To win in our luxury electric vehicle niche, it's not enough to simply offer a great product and owner experience, we must also be sure we establish distribution points in the right places,” he adds. “By gradually expanding our presence this way I am confident our company — and our products — will be well prepared for the world's discerning luxury buyer of the future.”
At present, Karma has 18 retail partners in the U.S., Canada, and Chile.