Karma Automotive: Raises $100M as it looks to resell it EV platform to other automakers
- Karma is the reincarnated version of Fisker Automotive, which previously faced bankruptcy before being acquired by Wanxiang Group in 2014
- The company will be continuing to sell the Revero, which retails staring at around $140,000
- The automaker also says that it’s in discussions with a partner for a commercial delivery truck
- There are a number of different companies pursuing delivery vans for use by courier companies including UPS and FedEx
- Karma will also seek to leverage and extend the benefits of its fresh investment by shopping around its EV platform
- In short, it sounds like Karma is willing to try just about everything and anything to chart a path towards profitability
