Karma Automotive Appoints Scott Durbin as EVP and CFO
Finance veteran Scott Durbin joins Karma Automotive as Executive Vice President and CFO to support the company's growth trajectory.
- 25+
- $4 billion
- $250 million
What Happened
Karma Automotive announced the appointment of Scott Durbin as Executive Vice President and Chief Financial Officer. Durbin brings over 25 years of experience in investment banking and public company CFO leadership, including raising over $250 million at Viveve and executing nearly $4 billion in financings at Lehman Brothers. He will oversee Karma's financial strategy as the ultra-luxury automaker expands its hybrid and electric vehicle lineup.
“Scott brings the blend of entrepreneurial and public markets experience that Karma needs for the next chapter in our company's journey.”
“The design, technology, and driving experience offered by Karma Automotive is second to none, and I'm excited to join the team and help write its next chapter together.”
Why this matters
The appointment brings capital markets expertise to Karma as it prepares to launch new hybrid and electric models through 2028.
Terms in This Story
- EREV
- Extended Range Electric Vehicle: a plug-in hybrid that uses a gasoline engine solely to recharge the battery, not to drive the wheels directly.
- SDVA
- Software-Defined Vehicle Architecture: a vehicle design where software controls core functions, allowing updates and new features over the air.
Summarised from the linked release; details can be imperfect — always verify against the original source.