Karma on Friday unveiled the Ivara concept at The Quail, A Motorsports Gathering, one of the premier events of 2024 Monterey Car Week that ran last week in California.
Joining it on Karma's stand were the previously revealed Kaveya sports car and Gyesera sport sedan. The Kaveya was shown in Monterey with a revised interior that Karma said represents the design planned for production.
The Ivara is an SUV with a sleek, almost coupe-like design, and is slated to spawn a production version by the end of 2027. It seats four and features design elements that Karma said will feature on its future lineup.
Karma said the Ivara is being developed to offer the choice of battery-electric and plug-in hybrid powertrains. Karma didn't say what PHEV technology it plans to use, though it's likely to be a series plug-in hybrid setup similar to what the company already offers in its Revero sedan.
2020 Karma Revero GT with available Sport package
The Revero features a pair of electric motors at the rear axle delivering a combined 536 hp, and a BMW-sourced turbocharged 1.5-liter inline-3 sitting up front and serving purely as a generator for the battery. Karma estimates a range of 80 miles using the battery alone, and more than 360 miles with the gas engine employed.
The company previously planned to only launch electric vehicles beyond the Revero, though cooling demand for EVs means Karma is now likely to to add more PHEV powertrains.
Karma Gyesera
The Gyesera is also likely to offer a PHEV powertrain. The sedan was originally planned to launch this year as an EV, though speaking with Automotive News (subscription required) at the reveal of the Ivara, Karma chief Marques McCammon hinted that the Gyesera may be modified to fit a PHEV powertrain.
"We've listened to the market and we're leveraging our flexibility," he said. "You'll see some changes in the Gyesera platform that the market will respond well to."
Marques McCammon
The Kaveya for now will be offered with a battery-electric powertrain only. The sports car is on track for launch in 2026 and is promised with up to 1,000 hp. The starting price will be around $300,000, Karma has previously said.
Karma at Monterey Car Week said the Kaveya will be a true software-defined vehicle (SDV) featuring technology developed with Intel. An SDV is essentially a vehicle equipped with software and hardware that allow it to receive over-the-air updates, potentially throughout its entire lifespan.
Karma Kaveya
Karma is the company born out of the remains of the original Fisker Automotive that went bankrupt in 2013, and its first and sole model currently available is the Revero, a heavily updated version of the former Fisker Karma. The company only a few years ago planned to offer luxury vehicles alongside commercial vehicles, though it now plans to focus exclusively on luxury vehicles with a high level of personalization.
It wants to position itself as an American ultra-luxury brand, not unlike Duesenberg more than a century ago. Production of the new Karmas will be handled at the company's plant in Moreno Valley, California, where the Revero is built.
