KARMA AUTOMOTIVE ACQUIRES ASSETS AND KEY PERSONNEL FROM CONNECTED VEHICLE PIONEER AIRBIQUITY
Summary
Ultra-Luxury EV Manufacturer Secures Automotive Telematics and Cloud Services IP to Align with Internal Resources and Increase Focus on Software-Defined Vehicles , /PRNewswire/ -- Karma Automotive, a ultra-luxury vehicle manufacturer, has acquired the technology assets and IP of , -based Airbiquity. Karma has also hired key technical employees and assumed the software companys significant OEM contracts. "Airbiquity has mitigated system challenges we wouldnt necessarily target when designing solely for our own vehicles. Their team and their software have been deployed in more than 60 countries in passenger cars and motorcycles and have serviced the largest OEMs in those sectors. Karma recently introduced its re-branded vehicle lineup that ranges from a hybrid (the Revero) to a super coupe EV (Kaveya) featuring an all-wheel drive version that goes 0-60 in under three seconds.