Alongside companies such as Tesla and Hyliion, Ayro helps cement Austin's status as a national hub for electric vehicles. It just struck a partnership with California-based Karma Automotive that could generate $300 million for the companies. With this partnership, Ayro is getting into the light-duty electric vehicle game. Ayro will be aiming for strategic manufacturing, engineering, and design partnership with Karma Automotive.
Both the firms have stated that it will manufacture more than 20,000 electric vehicles by the end of 2023 that will be valued at more than $300 million. Ayro's EVs are purpose-built, which is one way of saying they're the small work trucks you're likely to see on college campuses or working in cities to make last-mile deliveries or municipal duties. The company's current line-up of light-duty, urban and short-haul electric vehicles comes in two versions, the Club Car 411 and the 311.
The two companies will build Ayro's EVs at Karma's production facility in Moreno Valley, California. The plant is called the Karma Automotive Innovation and Customization Center (KICC). Ayro's EV will first be targeted towards the North American market; they could make their way to other parts of the world if there's demand. With this partnership, both Karma Automotive and Ayro will be strong competitors for other electric vehicle manufacturing companies.