Karma Automotive Names Scott Durbin as CFO

Durbin joins the company with a 25-year career history that includes investment banking stints at Lehman Brothers and executive leadership roles at firms like Viveve and Vericel Corporation. Throughout his tenure at Viveve, he oversaw the procurement of over $250 million in equity capital, a background the company expects will prove vital as it manages the launch of upcoming models such as the Gyesera Grande Coupé and the high-performance Kaveya super-coupe.

President and Chief Executive Marques McCammon cited Durbin’s blend of entrepreneurial agility and public markets experience as the primary catalyst for the hire. Durbin, who holds degrees from Yale and the University of Michigan, will oversee the company's capital strategy as it expands its footprint in the U.S. and European markets. His appointment arrives as the manufacturer ramps up production of its 3rd Generation Revero series at its Moreno Valley facility, aiming to solidify its position as a specialized player in the hybrid electric vehicle sector.