Karma Automotive has announced U.S. pricing for its first all-electric production model, the upcoming GSe-6 luxury sedan.

Scheduled to reach customers in 2021, the Karma GSe-6 will have a starting MSRP of $79,900, roughly half the price of the 2020 Revero GTS. Mind you, the price is before all applicable tax rebates and incentives; it also excludes taxes, fees and delivery charges. The Chinese-backed company has created a reservation site where prospective customers can pre-order the GSe-6 for a fully-refundable $100 deposit.

Karma’s GSe-6 sedan retains the design of the Revero GT and the full aluminum body but replaces the latter’s complicated two-motor range-extender system with an all-electric powertrain. The model will come standard with connected car capabilities, internet radio, haptic steering wheel controls, surround view camera, 21-inch wheels, adaptive headlights, and Level 2 autonomous driving.

Watch Also: Take A Tour Of The Karma Revero GT And The Company’s Design Studio

One look at the reservation site reveals that the GSe-6 will offer optional Sport and Luxury packages, with each bringing exclusive exterior and interior appointments. More importantly, the Karma GSe-6 will offer a driving range of up to 300 miles (483 km) and a “fast enough” 0-60 mph (0-96 km/h) acceleration. Expect a short charging time for the battery as Karma mentions a maximum charging speed of 110 kW.

“We are pleased to announce that our first all-electric vehicle is now available for pre-order at a price point that is competitive with other vehicles in the space,” said Joost de Vries, Karma’s VP of global sales and customer experience.

“We have been producing vehicles here in the USA for a while and the new all-electric GSe-6 was the next logical step in our progression as a company. We like to say we go ‘beyond EV’ and this vehicle – combined with our existing extended range EV technology in the Revero GT – offers consumers a unique solution for their next vehicle purchase.”