Karma Automotive Announces New Dealer Partner In Manhattan, New York

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Aug 16, 2021, 09:47 ET

IRVINE, Calif., Aug. 16, 2021 /PRNewswire/ -- Karma Automotive today announced the opening of their latest addition to its dealer network – Karma Manhattan, which will be part of the Manhattan Motorcars Inc. network, located in New York City.

Established in 1995, Manhattan Motorcars is an award-winning retailer of new and pre-owned luxury and performance vehicles and offers a wide selection of quality pre-owned automobiles as well as special commissioning programs. They are known for their professionalism and dedicated customer service, as well as the lifestyle they provide to their clients.

KARMA AUTOMOTIVE ANNOUNCES NEW DEALER PARTNER IN MANHATTAN, NEW YORK

"We are excited to have Manhattan Motorcars join the Karma dealership network," said Mr. Brian Miller, the Principle of Karma Manhattan. "There has never been a better time to buy an electric car in New York State. We look forward to sharing Karma's brand and products with our clients and providing them the unique luxury electric vehicle experience that they are looking for."

Over the past 7 months, Karma Automotive added 5 new dealer partners to further Karma's goal in entering top luxury markets in North America and around the world.

"The Northeastern United States—and New York State in particular— is an important area for Karma as we look to share our vision for a high-tech and sustainable future," said Joost de Vries, Karma's Vice President of Global Sales and Customer Experience. "Manhattan Motorcars is a perfect partner to support our goals in helping to grow our business on the East Coast. We believe the new Karma GS-6 suits their clients' lifestyle and tastes very well."

Karma Manhattan, Manhattan Motorcars Inc. is located at 270 11^th Avenue, New York, NY 10001, by telephone at 866-325-1538, or online at www.manhattanmotorcars.com

For more on Karma Automotive and the global retail network, please visit http://karmanewsroom.com.

ABOUT KARMA AUTOMOTIVE

Karma Automotive, founded in 2014, is a southern California based producer of luxury electric vehicles. Headquartered in Irvine, California with a production facility 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 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.

For more information, visit www.karmaautomotive.com, or www.karmanewsroom.com.

KARMA AUTOMOTIVE SAFE HARBOR DISCLOSURE

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are subject to certain risks, uncertainties and assumptions and include Karma Automotive's expectations. Forward-looking statements typically can be identified by the use of words such as "will," "expect," "believe," and similar terms. Although Karma believes that its expectations are reasonable, it can give no assurance that these expectations will prove to have been correct, and actual results may vary materially. Factors that could cause actual results to differ materially from those contemplated above include, among others, general economic conditions, hazards customary in the automotive industry, competition in certain markets, the volatility of battery prices, failure of customers to perform under contracts, changes in government regulation of markets and of environmental emissions, and our ability to achieve the expected benefits and timing of our electric vehicle projects. Karma Automotive undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The foregoing review of factors that could cause Karma's actual results to differ materially from those contemplated in the forward-looking statements included in this news release should be considered in connection with information regarding risks and uncertainties that may affect Karma Automotive's future results.

SOURCE Karma Automotive