California-Made Karma Gyesera Electric ‘Ultra-Luxury’ Sedan Revealed

Henrik Fisker’s latest car company may be on the ropes, but a model from one of his previous efforts just got a new lease on life.

Fisker announced last week that Fisker Inc. is running low on cash and needs help to stay in business. If not, it will be the second of his startups to go bankrupt.

The first was Fisker Automotive, which launched the Karma plug-in hybrid sedan in 2011, but couldn’t make it stick and declared bankruptcy in 2014.

China’s Wangxiang Group bought Fisker’s assets and launched a new California-based company called Karma, which has continued to build the Karma model in various forms under different names ever since.

CLICK HERE FOR MORE ELECTRIC CAR NEWS FROM AMERICAN CARS AND RACING

This past weekend it revealed the latest version at the Amelia Island Concours in Florida. The Gyesera is an all-electric vehicle with revised styling that includes a much sleeker nose than previous editions.

Karma says the California-built Gyesera is powered by a 590 hp all-electric drivetrain, can accelerate to 60 mph in less than four seconds, a range of over 250 miles per charge and sports car-like handling tuned for “canyon carving.”

Exact pricing hasn’t been announced, but the company describes it as an “ultra-luxury” offering and it is projected to start around $195,000.

SUBSCRIBE TO THE AMERICAN CARS AND RACING YOUTUBE CHANNEL

Reservations are currently being accepted with a $5,000 deposit.

Karma says the Gyesera is a “bridge” to it’s next all-new model, which is an electric coupe called the Kaveya that promises a 1,180 hp drivetrain and a top speed in excess of 180 mph for roughly $300,000 when it arrives in 2026.

This story has been updated with new pricing information