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Karma Automotive Debuts To start with Club Auto Recent Autos Created Under Contract Producing Agreement With AYRO

Output a Aspect of Karma’s ongoing Company-to-Organization Initiatives

MORENO VALLEY, Calif., July 1, 2021 /PRNewswire/ — Nowadays, the Karma Innovation and Customization Middle (KICC) discovered the initial Club Car or truck Current autos currently being produced underneath a agreement manufacturing settlement with AYRO, Inc. (NASDAQ: AYRO). These gentle-responsibility electric powered motor vehicles (EVs) fill the hole among complete-sized vans and modest utility carts for minimal-velocity logistics and cargo solutions in campus and city environments. Karma and AYRO formerly announced the development of a partnership to deliver autos beneath the arrangement.

KARMA AUTOMOTIVE DEBUTS 1st CLUB Car Present-day Cars Made Beneath Deal Producing Settlement WITH AYRO

The romantic relationship with AYRO is section of Karma Automotive’s ongoing enterprise-to-business enterprise (B2B) initiatives, utilizing KICC and the company’s OEM knowledge and abilities, to deliver manufacturing, engineering, layout, and other solutions to prospects in the mobility space.

By combining AYRO’s end-consumer, sector intelligence and engineering skills with KICC’s producing capabilities and growth practical experience, the companies goal to supply gentle-duty vans and electric powered delivery motor vehicles to organizations across the U.S. The Club Car or truck Existing is engineered for several mattress alternatives and accessories—van box, pickup truck with sides, flatbed configurations—for fleet flexibility. It is also qualified below California’s California Air Useful resource Board (CARB) Certification Program with “cleanest” scores for global warming and air top quality of zero emission motor vehicles, making it an best option for the nearby market. .

“Having the initially of these vehicles roll off the line at our KICC facility is a terrific move ahead in our connection with AYRO and Club Auto and will assistance us provide on our Local climate Pledge initiatives to become web-zero by 2040,” stated Dr. Lance Zhou, Karma’s Main Executive Officer. “We search forward to growing our B2B enterprise and offering clean up strength motor vehicles for other consumers in the future.”

Karma Chief of Staff, Mikael Elley, reported, “KICC’s strategic Southern California locale in the vicinity of significant offer routes, combined with our expertise and proximity to one of the greatest electric powered car marketplaces, can make us an eye-catching husband or wife. Our proven abilities and brief turnaround moments enable us to get the job done with a large variety of customers—including startups and classic automakers—to make their products do well.”

“Karma is helping us satisfy sturdy demand from customers from our fleet customers in providing the original run of autos from their Moreno Valley facility irrespective of source chain hurdles impacting manufacturing for the relaxation of the business,” reported AYRO CEO Rod Keller. “These purpose-constructed electrical motor vehicles are entirely customizable, affordable and obtainable now, offering on our brand guarantee to deliver true-earth remedies that meet up with the desires of companies of all forms.”

“Karma has finished a wonderful occupation in meeting limited deadlines, and their plant exceeded our demanding high-quality requirements in assembling the new 2022 Club Automobile Latest,” claimed Club Automobile Commercial Leader, Brant Mitchell. “The Present-day features new alternatives for improved protection and convenience in the exact compact, customizable design that universities, restaurants, governments, hospitals, lodge resorts, athletics stadiums, and airports throughout the U.S. have come to really like.”

ABOUT KICC
Commencing operations in 2017 and re-named in 2019, the Karma Innovation and Customization Center (KICC) is California-primarily based Karma Automotive’s production hub. The KICC facility in Moreno Valley, CA houses creation of the firm’s current design, the 2022 Karma GS-6 luxury electric powered automobile. In addition to providing higher excellent craftsmanship and engineering integration for Karma cars, KICC also delivers contract production, engineering, and other providers for many businesses in the mobility house.

KICC sprawls above 556,000 square feet and is household to the company’s chassis and overall body outlets, trim and last assembly, e-coat and paint shop, total flash and conclude-of-line screening. The facility has the really latest in automotive technological know-how and tooling all under a single roof.

For much more details, pay a visit to www.karmaautomotive.com, or www.karmanewsroom.com. For small business inquiries, arrive at out to Evan Bontrager at [email protected]

ABOUT CLUB Automobile
With in excess of 60 years of encounter in innovation and layout in producing compact-wheel cars, Club Vehicle is a major manufacturer of fuel and electrical golfing, utility, and personalized transportation vehicles. Started in 1958, the Club Car merchandise portfolio has developed to incorporate a lot additional than golf vehicles, now encompassing autos for commercial and client marketplaces, built with an uncompromised want for outstanding performance. As an sector chief in electrification and sustainability, Club Car or truck is happy to be at the forefront of environmentally dependable Zero Emission Automobile (ZEV) technologies.

ABOUT AYRO, INC.
Texas-primarily based AYRO, Inc., engineers and manufactures reason-built electric powered vehicles to enable sustainable fleets. With speedy, customizable deployments that meet up with precise purchaser demands, AYRO’s agile EVs are an eco-helpful micro-distribution alternative to gasoline vehicles. The AYRO Club Auto Latest is the only zero-emission, light-duty EV identified to AYRO that can be optimized for the desires of any sustainable fleet. AYRO innovates with velocity, self-discipline, and agility, and was launched in 2017 by business owners, buyers, and executives with a enthusiasm for creating sustainable city electric powered motor vehicle answers for micro-mobility. For a lot more information, go to www.ayro.com.

KARMA AUTOMOTIVE Protected HARBOR DISCLOSURE
This news release includes forward-wanting statements inside the indicating of Segment 27A of the Securities Act of 1933 and Section 21E of the Securities Trade Act of 1934. This sort of ahead-looking statements are matter to sure dangers, uncertainties and assumptions and incorporate Karma Automotive’s expectations. Ahead-on the lookout statements ordinarily can be recognized by the use of words these kinds of as “will,” “anticipate,” “consider,” and identical terms. Though Karma thinks that its anticipations are affordable, it can give no assurance that these expectations will show to have been correct, and actual final results might change materially. Things that could lead to true results to vary materially from these contemplated previously mentioned include, among others, standard financial disorders, dangers customary in the automotive industry, competition in sure markets, the volatility of battery rates, failure of consumers to carry out less than contracts, improvements in government regulation of markets and of environmental emissions, and our ability to realize the predicted rewards and timing of our electrical vehicle jobs. Karma Automotive undertakes no obligation to update or revise any ahead-on the lookout statements, whether as a end result of new facts, long term situations or otherwise. The foregoing evaluation of things that could bring about Karma’s true final results to differ materially from individuals contemplated in the ahead-looking statements included in this information release need to be considered in connection with details relating to dangers and uncertainties that may well have an impact on Karma Automotive’s long term outcomes.

Karma Automotive Logo (PRNewsfoto/Karma Automotive)

Karma Automotive Emblem (PRNewsfoto/Karma Automotive)

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