Fisker Karma to Go On Sale in Spring, IPO Not Far Behind
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
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A total of 15,000 Karma plug-in hybrids will be built at Valmet production facility in Finland.
Company looking to raise between $75-150 million.
Karma has hit the same price range as Tesla’s electric sports car the Roadster.
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