PHOTO CAPTION: Fisker Karma is assembled in Finland.

Fisker Looking to Raise More Private Capital

Company looking to raise between $75-150 million.

Published: 05-Nov-2010

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.


Image from 'Pure Driving Passion' photography series features high-heeled model.

A total of 15,000 Karma plug-in hybrids will be built at Valmet production facility in Finland.

Fisker Karma is powered by combination of electric motor and gasoline engine.

Karma has hit the same price range as Tesla’s electric sports car the Roadster.

Fisker Karma luxury electric hybrid.

$95,600 electric hybrid sport coupe will have all-electric range of 50 miles.


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