Fisker continues to make news. Thursday, the company announced it selected lithium ion batteries from A123 for its Karma plug-in hybrid electric sports car.
Fisker recharges its bank account with more money from private investors including Kleiner Perkins
Friday it unveiled $115.3 million in new private equity funding. Among the investors is white-shoe venture firm Kleiner Perkins Caufield & Byers, a previous Fisker backer.
The company said the money was necessary to qualify for $528.7 million in federal loan guarantees awarded by the Department of Energy in October. Both financings will hasten the completion of the Karma, its first car. Shipments are expected later this year with a price tag starting at $87,900. The first year production run is anticipated to be 15,000 vehicles.
Along with Kleiner Perkins, A123 participated in the funding round. A123 said Thursday it had invested $23 million into the company, $13 million in cash and $10 million in stock.
A third investor was ACE Investments. No other backers were released.
“Raising $115 million in these times speaks volumes about the value of our business model and the vast potential of plug-in hybrids,” said Fisker CEO Henrik Fisker.
Fisker was formed in 2007 and is headquartered in Southern California while rival Tesla Motors is in Northern California. In October, it bought a General Motors production plant in Wilmington, DE, where it plans to make is second car, the Nina, beginning in late 2012.
[...] Fisker Raises Another $115M As Money Continues To Pour In … [...]
[...] Fisker Raises Another $115M As Money Continues To Pour In … [...]
[...] Fisker Raises Another $115M As Money Continues To Pour In … [...]
[...] Fisker Raises Another $115M As Money Continues To Pour In … [...]
[...] Fisker Raises Another $115M As Money Continues To Pour In … [...]