PHOTO CAPTION: Fisker Karma to go on sale March 21, 2011.

Fisker Karma to Go On Sale in Spring, IPO Not Far Behind

Jason Mick provides brief on plug-in hybrid maker Fisker.

Published: 28-Feb-2011

For better or worse Tesla Motors Inc. pretty much provided the blueprint of how to start a successful electric vehicle company -- have wealthy donors fund an initial corporate launch; gather venture capital; seek government grants and loans; launch your vehicle; achieve profitability; launch an IPO to raise more capital; use government loans and venture capital to make the jump to large production numbers if desired.

Fisker Automotive seems to be following a similar path to success, though its road has been a bit rockier. Now with the impending launch of the sleek Fisker Karma plug-in hybrid electric vehicle (PHEV), let's take a look at the past present and future of this company and its flagship vehicle.

I. Hype and Inflated Expectations


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 assembled in Finland.

Company looking to raise between $75-150 million.

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.


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