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Karma Automotive, an ultra-luxury electric vehicle (EV) manufacturer based in Southern California, has officially acquired the technology assets and intellectual property (IP) of Airbiquity, a Seattle-based pioneer in connected vehicle services. This strategic move not only enhances Karma’s software capabilities but also integrates key Airbiquity personnel and significant original equipment manufacturer (OEM) contracts into its operations.
The acquisition marks a significant step for Karma in enhancing its focus on software-defined vehicles, by incorporating Airbiquity’s extensive software product portfolio. This portfolio, developed over more than two decades, includes cutting-edge solutions for over-the-air (OTA) updates, software development tools, data management, and analytics. Marques McCammon, President of Karma, highlighted the importance of this integration, stating, “We are wrapping Airbiquity’s software into Karma Cloud Services and embedded vehicle technology to create a new platform that is greater than the sum of its parts.”
Airbiquity’s technology and team have a proven track record of addressing complex system challenges across a global scale, having deployed their solutions in over 60 countries across a wide range of vehicles, including passenger cars and motorcycles. This experience is expected to significantly bolster Karma’s strategy for developing vehicles that are not only software-defined but also continuously connected.
The completion of the Karma-Airbiquity transaction signifies a new chapter for both companies, with the immediate integration of their solutions and personnel. This merger aims to accelerate Karma’s innovation in creating vehicles that are fully connected and OTA capable, setting a new standard in the ultra-luxury EV market.
Karma has also been pushing the boundaries of vehicle technology with its newly re-branded lineup, which includes the hybrid Revero and the all-electric super coupe Kaveya, capable of accelerating from 0 to 60 mph in under three seconds. McCammon emphasized Karma’s vision, stating, “We are a technology company that manufactures ultra-luxury vehicles. By adding Airbiquity assets to our Karma Connected Cloud Services, our entire fleet will be fully connected and fully OTA capable.”
While the financial terms of the transaction have not been disclosed, this acquisition is poised to reinforce Karma Automotive‘s position as a leader in the ultra-luxury EV space, as it continues to innovate and produce superior technology for its customers.
About Karma Automotive: Celebrating its 10th anniversary in 2024, Karma Automotive is a front-runner in engineering, designing, and manufacturing electric and extended-range electric vehicles. With its headquarters and production facilities located in Irvine and Moreno Valley, California, Karma is dedicated to inspiring a cleaner global future through its state-of-the-art vehicles and brand campaign.
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