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$65 million financing round for Fisker

Fisker has announced that they’ve managed to complete a $65 million financing round. Beside the existing investors, Palo Alto Investors and Kleiner Perkins Caufield & Byers who also contributed, a new investor showed up, Qatar Investment Authority (QIA). The money will be used to complete the development of the Karma four-door plug-in hybrid and Fisker hopes to get the car marketed starting with the 4th quarter of 2009. If everything works out like Fisker wants to, they estimated an annual production of 15,000 units.

“We are extremely pleased to have closed our C financing round at this time, particularly in light of the current market conditions,” said Henrik Fisker, CEO, Fisker Automotive, Inc. “This shows once again that Fisker Automotive has a solid business plan and a globally experienced automotive team with very strong investors behind the company.”

Source: Fisker


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