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Fisker Automotive Raises $65M in Series C Financing Round

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.

Comments

Henry Gibson

The 65 million would convert a lot of Priuses, but perhaps Fisker has a cheaper car. Fisker should make a unit to convert a high production used car. ..HG..

sjc

We need short, medium and long range solutions. In the short term, behavior is always the easiest to change. In the medium term, alternatives fuels can help. In the longer term, new technology for different transportation comes into play. Fisker is going for the longer term.

creativforce

Fisker is promising better than 100 mpg with this car. When 100 mpg becomes the new yuppie status symbol, every other car maker will be scrambling to catch up....You Go Fisker!

John Taylor

Kleiner Perkins had Al Gore join their team.

NRgy Nut

Yep,

Al the "scientist savior" of man-made global warming joined KP last November. In exchange KP's John Doerr joined the advisory board of Generation Investment Management, the $1 billion investment company Gore started three years ago in London with David Blood — to invest in publicly traded “sustainable” companies.

Al will not be cutting his energy usage however.

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