Fisker Automotive, Inc., the maker of the Fisker Karma plug-in hybrid electric vehicle, completed a Series C financing round with a total investment of $65 million. The round was led by a new investor, an affiliate of Qatar Investment Authority (QIA). Existing investors Palo Alto Investors and Kleiner Perkins Caufield & Byers also participated.
The money raised will be used to support the development of the Fisker Karma. Initial deliveries of the Karma are expected to commence in the 4th quarter of 2009 with annual production projected to reach 15,000 automobiles.
In January, Kleiner Perkins made a multi-million dollar investment in the company, building on the initial investment by Palo Alto Investors.