Karma Automotive has announced that it is taking preorders for its first all-electric vehicle, the GSe-6. We haven’t even seen it yet, since Karma has only released a few teasers of its new EV, but the pricing will start at $79,900.

What we do know about the GSe-6 is that it will be the first of a new family of sedans that will use the GS badge. The GSe-6 will be based on a new platform called, E-Flex. Although Karma has stated that the GSe-6 will get a new electric powertrain, we don’t have any details about it.

With a starting price just under $80k, the Karma GSe-6 will be a direct rival to the Lucid Air and Tesla Model S.

“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 U.S.A. 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.”