When was Karma Automotive founded?

Karma Automotive was founded in 2014 and raised its 1st funding round 4 years after it was founded.

Where is Karma Automotive located?

Karma Automotive is headquartered in Costa Mesa, United States.

Who is the current CEO of Karma Automotive?

Tom Corcoran of Karma Automotive.

How many employees does Karma Automotive have?

As of Jul 31, 2026, the latest employee count at Karma Automotive is 439.

Is Karma Automotive a funded company?

Karma Automotive is a funded company, having raised a total of $100M across 3 funding rounds to date. The company's 1st funding round was a $***** PE round, raised on Oct 22, 2018.

When was the latest funding round of Karma Automotive?

Karma Automotive's latest funding was a $***** PE round on Jul 08, 2020, with participation from 0 investor.

Where does Karma Automotive rank among its competitors?

Karma Automotive ranks 20th amongst 821 active competitors, of which 60 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Lucid, which secured $750M in Apr, 2026.

Who are the top competitors of Karma Automotive?

Karma Automotive's top competitors include Tesla, Polestar and Lucid. Among them, Lucid secured the most recent funding round in April, 2026.

Karma Automotive - 2026 Company Profile, Team, Funding & Competitors

Company Details

Developer of electric cars. It develops various models of cars like Revergo, RevergoGT, RevergoGTS, etc. Its features include dual motors, extended range, regenerative braking, leather upholstery, solar roofs, aluminum frames, biometrics, facial recognition, and wing doors.

Website: karmaautomotive.com
Social

Key Metrics

Founded Year

2014

Location

Costa Mesa, United States

Stage

Late Stage

Total Funding

$100M in 3 rounds

Latest Funding Round

PE, Jul 08, 2020, $*****

Investors

Caterpillar & 3 more

Ranked

20^th among 821 active competitors

Employee Count

439 as on Jul 31, 2026

Similar Companies

Tesla & 440 more

View Karma Automotive's full profile

Karma Automotive has raised a total funding of $100M over 3 rounds. Its first funding round was on Oct 22, 2018. Karma Automotive has 4 institutional investors.

Here is the list of recent funding rounds of Karma Automotive:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 08, 2020	6511750	PE	8154487	1851531	6206419	1382599
Apr 2020	8638761	Conventional Debt	8135092	8680750	7983188	Small Business Administration
Oct 22, 2018	5481060	PE	6970529	2846535	Caterpillar	3053686

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View details of Karma Automotive's funding rounds and investors

Karma Automotive's employee count trend

Karma Automotive has 439 employees as of Jul 26. Here is Karma Automotive's employee count trend over the years:

Employee count trend for Karma Automotive

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Top competitors of Karma Automotive include Tesla, Polestar and Lucid. Here is the list of Top 10 competitors of Karma Automotive, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Tesla 2003, Austin (United States), Public	Electric vehicle and clean energy solutions provider	$408M	Valor Equity Partners, Mercedes-Benz & 72 others	88/100
2nd	Polestar 1996, Torslanda (Sweden), Public	Manufacturer of electric cars	$550M	Feathertopfunding, BNP Paribas & 16 others	78/100
3rd	Lucid 2007, Newark (United States), Public	Manufacturer of electric vehicles and related technologies for consumer markets	$1.13B	Venrock, Public Investment Fund & 17 others	78/100
4th	BYD 1994, Shenzhen (China), Public	Manufacturer of electric cars, sedans, SUVs, batteries, and rail transit	-	Berkshire Hathaway, Samsung & 14 others	74/100
5th	Fisker 2007, Los Angeles (United States), Public	Manufacturer of electric cars	$1.11B	Caterpillar, Advantas Capital Ventures & 16 others	72/100
6th	Xiaopeng 2014, Guangzhou (China), Public	Manufacturer of electric vehicles, AI technology, AI automotive, and AI robots	$2.65B	Foxconn Electronics, 5Y Capital & 41 others	72/100
7th	Beijing Che Lixing Information Technology 2015, Beijing (China), Public	Manufacturer of electric vehicles and related automotive products and services	$1.58B	Meituan, Plum Ventures & 15 others	71/100
8th	McLaren 1963, Guildford (United Kingdom), Acquired	Manufacturer of high performance automobiles and operator of racing teams	$1.65B	Mumtalakat, Public Investment Fund & 8 others	69/100
9th	Segway-Ninebot 2012, Beijing (China), Series C	Manufacturer of multi-category electric vehicles	$240M	Sequoia Capital China, SDIC Innovation & 6 others	69/100
10th	Aptera Motors 2005, Carlsbad (United States), Public	Developer of solar electric vehicles designed for efficient energy use	$83.4M	Google, California Energy Commission & 8 others	65/100
20th	Karma Automotive 2014, Costa Mesa (United States), Late Stage	Developer of electric cars	$100M	Potrero Capital, Caterpillar & 2 others	57/100