Connect with us

Technology

Karma Automotive, California’s First and Only Ultra-Luxury Automaker, Takes the Role of Business-to-Business Technology Partner with Karma Connect

Published

on

Underpinned by a Deep Commitment to Hasten the Industry’s Realization of Software-Defined Vehicles, Karma Connect Enables More Vehicles to Stay on the Road Longer While Enriching the Ownership Experience

IRVINE, Calif., July 31, 2024 /PRNewswire/ — Karma Automotive, California’s first and only ultra-luxury automaker, today launches Karma Connect, a proprietary Vehicle Data Management (VDM) and Over The Air (OTA) services platform which will redefine the experience of owning a Karma automobile both today and tomorrow, and as the company will be making these first-to-market services available to Tier 1’s and Original Equipment Manufacturers (OEM’s), signifies the arrival of Karma Automotive as a business-to-business technology partner whose initiatives will benefit the industry at large.

Karma Automotive Takes the Role of Business-to-Business Technology Partner with Karma Connect

The arrival of Karma Connect follows through on the business strategy initiated by the February, 2024 acquisition by Karma Automotive of assets of the company formerly known as Airbiquity, an automotive commercial software company which has been deployed in more than 60 countries, servicing the largest OEM’s including both passenger cars and motorcycles. That acquisition included technology assets, intellectual property, the onboarding of key technical employees, and the continuation of services contracted with OEM’s.

For clients purchasing Karma automobiles, Karma Connect comes standard and will ensure a level of service, content, and features renewal through next-generation OTA data transmission, a central enabler of Software-Defined Vehicles. Further, Karma Connect is underpinned by the company’s deep commitment to lengthen product longevity – a mindset more often associated with heirlooms than vehicles with predetermined obsolescence – a commitment to be met with further developments pertaining to vehicle touchpoints including color, material, and personalization.

For other OEMs, with technologies like Karma Connect, Karma Automotive can provide the industry with rapid, statistically relevant insights from its highly affluent customer base that is pre-disposed to first-mover product adoption. As all technologies are deployed in Karma vehicles first, partners benefit from software that is hardened for production in automotive applications, instead of laboratory developments. This mitigates the risk of new technology adoption and quickens innovation and validation cycles.

“The automotive industry continues to undergo massive transformation, adopting new technology at a pace never seen before,” says Marques McCammon, President, Karma Automotive. “Each of these new innovations challenges manufacturers’ deeply-rooted systems, architectures, processes and supply chain. The goal is to pivot to the future while sustaining profitability today. Software-Defined Vehicles are the future, but it’s yet to be fully realized because the cost of change, at least in the near term, is erosive to profits. It is a classic innovator’s dilemma but playing at industry scale. Karma Connect demonstrates the role Karma Automotive will play as an ally, helping manufacturers meet the demands of tomorrow, right now.”   

Two distinct services are offered beneath the Karma Connect umbrella:

Karma Flash: Utilizing Karma Cloud Services (KCS), Karma Flash delivers OTA updates to any Karma Revero vehicle MY2020 and later, a one-way flash upgrade from cloud to client. While Karma Flash can be used to fix issues, it will also deliver new features and capability to vehicles long after the point of sale, similar to downloading a new app for a smartphone.
 Karma Recon: Also utilizing KCS, Karma Recon is a robust service which focuses on data analytics to deliver meaningful insights. Through reciprocal data transmission between the cloud and the client, and the client to the cloud, Karma Recon enables the retrieval of onboard data, diagnostics and analytics from the vehicle. Once a sufficient history of data has been compiled, Karma Recon can use its AI-based fault-filtration utility to predict potential onboard failures before they occur, prompting precautionary service of the vehicle while simultaneously generating real-time design cases to help engineers address issues at the source.

Karma vehicle customers will get their first experience with Karma Flash with the launch of “Tune”, a new cabin audio experience for the Karma Revero sport sedan. This upgrade, engineered by luxury audio designer Master & Dynamic, will be made available to existing Revero owners Model Year 2020 and later. Tune by Master & Dynamic will also be a retail option on the 3rd Generation Karma Revero, which begins delivering to clients in the 4th Quarter 2024. 

About Karma Automotive
Karma Automotive is California’s first and only ultra-luxury automaker, manufacturing electric and E-REV (Extended Range Electric Vehicles) at its production facility in Moreno Valley, CA, with its executive and design headquarters in nearby Irvine, CA. The Karma portfolio embodies California’s spirit of innovation and entrepreneurial boldness, reflected by the signature Comet Line which is the central hallmark of Karma’s new design language. The 3rd Generation Karma Revero sport sedan, the world’s first luxury plug-in hybrid, will be introduced in 4th Quarter 2024, offering luxury balanced with conscientiousness delivered without compromise. The Gyesera four-seater is anticipated in 2025, and in 2026, the Karma Kaveya super-coupe, with up to 1,000 horsepower and butterfly-doors, will arrive. Karma Automotive’s dealer network spans North America, Europe, South America and the Middle East.

(www.karmaautomotive.com)
Media Contact:
Joe Richardson, (917) 716-6617
Joe@BeautifulNoisePR.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/karma-automotive-californias-first-and-only-ultra-luxury-automaker-takes-the-role-of-business-to-business-technology-partner-with-karma-connect-302211633.html

SOURCE Karma Automotive

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Shapiro+Raj Expands Team with Strategic Hires to Accelerate Life Sciences Growth

Published

on

By

CHICAGO, April 7, 2025 /PRNewswire/ — Shapiro+Raj, the #1 Strategic and #12 Most Innovative Insights Consultancy, is excited to announce the addition of four accomplished professionals to its Research and Operations teams. These strategic hires will support the growing demand from Life Sciences clients for compelling insights that help them shape the future, not just respond to it in today’s continually reshaping healthcare landscape.

“These new team members strengthen our commitment to delivering exceptional client outcomes without compromise,” said Zain Raj, Chairman and CEO of Shapiro+Raj. “By combining our AI-forward capabilities with our strength in social and behavioral-sciences-led insights and strategy, we’re helping our clients get to the future faster.”

The new additions driving strategic insights are:

Jill Carnick joins as Insights Director. She brings over 25 years of experience and a proven track record of developing research frameworks to help clients make sound, strategic business decisions that drive brand and business growth.

Yasmeen Elsakary and Bhakya Dhanathiagu join as Insights Executives, supporting integrated learning agendas that provide comprehensive, actionable insights.

Sarah Karim joins the Field & Project Management team as Manager. She will be part of the team that ensures seamless project execution through expert logistics, partner coordination, and operational support.

“These are not just talented professionals; they’re the kind of people who help elevate the entire organization,” said Amir Kapadia, Chief Operating Officer. “Their ability to translate complexity into clarity, and strategy into action, will ensure our clients gain not just insights but a true competitive edge in the market.”

About Shapiro+Raj

Shapiro+Raj, the #1 Strategic and #12 Most Innovative Insights Consultancy partners with Fortune 500 clients to shape the future of business and brands. With deep expertise in the life sciences space, the firm delivers future-forward insights and strategic guidance that drive impact. Shapiro+Raj is headquartered in Chicago, with offices in New York and Pune, India.

For more information, visit www.shapiroraj.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/shapiroraj-expands-team-with-strategic-hires-to-accelerate-life-sciences-growth-302422283.html

SOURCE SHAPIRO+RAJ

Continue Reading

Technology

LightBox CRE March Index Posts Strongest Reading Since 2022, But Outlook Remains Uncertain

Published

on

By

IRVINE, Calif., April 7, 2025 /PRNewswire/ — LightBox, a leading provider of commercial real estate (CRE) data and technology, today reported that its CRE Activity Index rose sharply to 104.4 in March, marking the highest level since June 2022 and only the second triple-digit reading in nearly three years. The 4.7% month-over-month and 25.2% year-over-year gains point to growing momentum in the CRE sector. But just days after March ended, the market was hit with a fresh wave of uncertainty following last week’s announcement of sweeping new tariffs, injecting renewed volatility into an already uneven economic environment.

“While volatility rattled other parts of the market, March’s index highlights the commercial real estate sector’s resilience,” said Manus Clancy, head of Data Strategy at LightBox. “Rising listings and consistent lender activity show that investors found opportunities, even in this uncertain economic environment.”

The LightBox CRE Activity Index measures national activity across commercial property listings, environmental due diligence, and appraisals—key functions that support CRE transactions and collectively serve as a leading indicator of deal activity. The Index is normalized to account for variations in the number of business days per month, providing a consistent measure of market trends.

March’s triple-digit index reading signals increasing transactional velocity across asset types and geographies. Each of the three core metrics behind the Index reflects a clear trajectory of growth:

Property listings jumped 56% year-over-year, more than double where they were at year-end 2024.
 Phase I environmental site assessments (typically conducted prior to major CRE loans or transactions) rose 3% year-over-year and a more significant 12% over February volume.
 Lender-driven commercial appraisal awards climbed 6% year-over-year and increased by 5% from February.

While equities declined and the 10-year Treasury yield swung sharply in March, LightBox analysis suggests the CRE market may be decoupling from broader market volatility, buoyed by investor interest in income-producing assets and distressed opportunities.

“Commercial real estate deal activity is showing real momentum, with investors reengaging across both distressed and stabilized assets,” said Dianne Crocker, research director at LightBox. “March’s Index reaching a new high is an encouraging sign—but with last week’s sweeping tariff announcement injecting fresh uncertainty into the market, the outlook for April is far less predictable. Volatility is back in play, and that could influence how capital moves in the near term.”

The report highlights that March’s index strength occurred despite mixed economic signals last month: a spike in core PCE inflation, softening consumer sentiment, and concerns over proposed tariffs and supply chain disruption. CRE professionals remain cautiously optimistic, with the industrial, multifamily, and data center sectors continuing to draw the strongest interest amid an otherwise uncertain economic backstop.

“March’s triple-digit reading points to growing momentum, suggesting that CRE may have emerged as a relative safe haven—for now,” emphasized Clancy. “But with uncertainty mounting around global trade, inflation, and labor, whether that status holds will depend on how key economic indicators play out in the months ahead.”

Take a Closer Look at the March Numbers

About LightBox

At LightBox, we are at the forefront of delivering advanced and precise solutions for commercial real estate intelligence. Our dedication to innovation propels real estate professionals forward by providing them with the essential tools required to navigate complex decisions, minimize risk, and boost productivity across the spectrum of real estate operations. LightBox is renowned for its commitment to promoting excellence and fostering connections in the industry, serving an extensive clientele of over 30,000 customers. Our diverse client base spans commercial and government sectors, including but not limited to brokers, developers, investors, lenders, insurers, technologists, environmental advisors, appraisers, and other businesses that depend on geospatial information. To discover more about how LightBox can illuminate the path to informed real estate solutions, visit us at: www.LightBoxRE.com

Media inquiries: media@lightboxRE.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/lightbox-cre-march-index-posts-strongest-reading-since-2022-but-outlook-remains-uncertain-302422286.html

SOURCE LightBoxRE

Continue Reading

Technology

Dark Horse CPAs Promotes Matthew Reese, CPA to Principal After 4-Month, $400K+ Success

Published

on

By

Reese Completes Principal Accelerator Program, establishes SMB Accounting and Tax Practice in Orlando, Florida

ORLANDO, Fla., April 7, 2025 /PRNewswire/ — Dark Horse CPAs, a top accounting and tax firm serving small businesses and individuals across the nation, announces the promotion of Matthew Reese to Principal. Reese’s noteworthy technical skills and rapid growth of his book of business, bolstered by strong relationships with clients and colleagues alike earned him a seat at the table, becoming an equity Principal of the firm.

Matthew entered the Dark Horse Principal Accelerator Program in July 2024 and built a tax and accounting practice with recurring revenue north of $400,000 in four months’ time. Far from being a volume play, he was able to achieve this revenue figure with a surprisingly small number of clients.  Given the overwhelming positive client feedback, high quality work and positive collaboration with his peers, the decision was made to promote him to Principal effective November 2024.

Speaking to the challenges posed by the Accelerator Program, Matthew stated, “the most challenging aspect of the journey was developing the confidence and assertiveness to command the value I bring to client engagements in terms of the price and scope in my proposals. Waiting on those initial proposals was difficult as I was unsure if prospects would sign while I was anxious to embark on the work of building my practice. Not rushing the process nor conceding on price just to get the work in the door has already shown itself to be the solid foundation on which to build a great practice with intention vs the haphazard, chaotic practices that many practitioners begin their journey with.”

When asked about the most rewarding aspect of his journey in the Accelerator Program, he continued his previous thought, “it was securing my first client. It proved that I could do this and it felt great to feel the trust and confidence they conveyed to me.” In terms of what differed most from his expectations of the Accelerator Program, he continued, “the biggest surprise was that fellow Accelerators and Principals celebrated this win, and others, alongside me. Rather than competing, everyone is very supportive and celebrates each other’s successes. Naturally, this creates a truly collaborative environment that we all benefit from.”

As to what he would want other potential Accelerators to know about the Program, Reese believes they should know, “the learning and growth, particularly in sales, is absolutely invaluable. Far from being trapped in a corporate machine, you quickly realize the Program is about self-actualization as a professional and as a human. I would wholeheartedly recommend anyone who has the itch to start a practice strongly consider becoming a Dark Horse Accelerator.”

Moving forward, Matthew is excited to, “develop a specialized niche in Esports with the backing of a firm that fully supports my vision to innovate and build within the space.”

“As I came to know Matt and started to hear feedback from clients and friends who were working with him, I had one of those rare moments,” says Chase Birky, CEO & co-founder of Dark Horse CPAs. “A rare moment, for me anyway, of taking stock of how far we’ve come as a firm. That we could attract someone of his caliber and that his success could come so quickly was humbling. It’s exactly what we hoped the Principal Accelerator Program would look like. And he is exactly the type of CPA we want to build this firm and this community around. So, yeah, I’m excited to support and bare witness to his journey in building a differentiated practice that allows him to pursue his interests and build a great life in the process.”

About the Dark Horse Accelerator Program

The Dark Horse Principal Accelerator Program was created for entrepreneurially-minded CPAs that want to build a scalable book of business without the personal and financial sacrifices required of starting a firm from scratch. Dark Horse empowers their CPAs with the resources and support to grow intelligently and profitably. Their proprietary technology, flexible staffing and industry-leading systems and processes enable CPAs to focus on being the trusted advisor to their clients, unlocking unprecedented value in these relationships, so that they will continue to be relevant long into the future while their counterparts become increasingly displaced by technology.

Accelerators are put through a training program that acclimates them to the firm’s exclusive tech stack, followed by proprietary sales training and one-on-one coaching. Upon completion of training, they begin building their book of business by fielding inquiries from potential Dark Horse clients. To facilitate their growth, Accelerators have full-time and fractional professional personnel support at their disposal. A collaborative group of like-minded CPAs go the extra mile to help them out in areas where they lack expertise. This new CPA firm business model includes an active corporate team that ensures their work is of high quality and strategically focused. After successful completion of the program, they can become an equity principal of the firm.

The Dark Horse Principal Accelerator Program is currently accepting new Accelerators. Interested CPAs are invited to dive deeper into the program on Dark Horse’s recruiting site, abetterway.cpa

Dark Horse CPAs provides integrated tax, accounting and wealth advisory services to small businesses and individuals across the U.S. The firm was founded to save small businesses (and their owners) from subpar accounting and tax services and subpar client experiences. These small businesses are Dark Horses among their larger and more well-known competition. Being a Dark Horse CPA means advocating for small businesses by bringing to them the tax strategies and accounting insights previously reserved for big business. To learn more, visit Dark Horse CPAs https://abetterway.cpa/ 

View original content to download multimedia:https://www.prnewswire.com/news-releases/dark-horse-cpas-promotes-matthew-reese-cpa-to-principal-after-4-month-400k-success-302422301.html

SOURCE Dark Horse CPAs

Continue Reading

Trending