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View Full Version : Fisker receives some backing


xcel
04-06-2009, 10:06 PM
http://www.cleanmpg.com/photos/data/2/AmericanFlag.jpg $85 Million and counting should help bring the Fisker Karma to fruition. (cleanmpg.com/forums/showthread.php?p=199220)

http://www.cleanmpg.com/photos/data/501/Fisker_Karma.jpg Wayne Gerdes – CleanMPG (cleanmpg.com) – April 6, 2009

2010 Fisker Karma series PHEV-50 – $87,900 with a 0 to 60 time of less than 6 seconds and 50-miles AER.

Irvine, CA. -- Fisker, an up and coming producer of advanced green technology automobiles, announced today it has entered into definitive agreements to receive $85 million in venture capital funding for the development and manufacturing of its Karma PHEV automobile(s). The financing is expected to be completed this month and will be the fourth and largest investment round since the company's inception in August 2007.

New York-based Eco-Drive Capital Partners LLC, a European-American investment consortium, and Kleiner Perkins Caufield and Byers, an early investor in Fisker, have together agreed to provide the capital.

"The investment by Eco-Drive and Kleiner Perkins validates our vision of joining together the advances in technology for plug-in hybrid powertrains with the ecochic beauty and eco-conscious comfort of the Fisker Karma. We are proud to have Eco-Drive behind us, and to see Kleiner Perkins reaffirm its confidence in our future direction," said Henrik Fisker, Fisker Automotive CEO. "This investment is a strong endorsement of our business model and future product offerings in a challenging business environment."

Fisker Automotive's debut model, the 2010 Fisker Karma PHEV-50, is expected to be the first PHEV to market when early production vehicles come off the assembly line late this year. The 2010 Karma, planned to retail for $87,900 before tax credits, is designed to travel approximately 50 miles powered by a Li-Ion battery that can be charged in a few hours from any 110- or 240-volt household outlet. After 50 miles, a 2.0L gasoline engine runs a generator that can power the car's electric motors for another 250 miles before refueling.

The company recently announced a nationwide network of more than 30 retailers that are expected to market and service the vehicles. Future plans include a lower cost vehicle.



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