Fisker Looking to Raise More Private Capital
Plug-in hybrid startup Fisker Automotive, we’re told, is looking to raise another $75 million to $150 million in private equity investments. It would seem that Fisker is in a better position than the company was the last time it went looking for investors earlier this year.
Fisker has since closed on a $529 million loan from the U.S. Department of Energy, bought GM’s old Boxwood Road plant near Newport for $20 million, and was awarded $21.5 million grants and loans from the state of Delaware. Also, speaking at the Paris Motor Show last month, where the company unveiled the first factory-built version of its $88,000 Karma sports sedan, CEO Henrik Fisker said the company had taken more than 3,000 pre-orders for the Karma.
Fisker is already a well-funded operation, having raised more than $300 million privately. Early deliveries of the Karma are expected in March, after Fisker ramps up to full production of the Karma at a contractor’s plant in Finland.
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