17 Nov '11, 12pm

High-End Electric Vehicle News: Fisker Funding, Tesla Test, BMW, Plus Better Place: Fisker Automotive, the VC-...

High-End Electric Vehicle News: Fisker Funding, Tesla Test, BMW, Plus Better Place: Fisker Automotive, the VC-...

Fisker Automotive , the VC-funded firm building the beautiful and expensive Karma plug-in luxury hybrid, just closed on the first $58 million of a $150 million round according to this Form D filing spotted by Business Green . Fisker has raised more than $700 million in private equity from Advanced Equities, KPCB, et al., along with a substantial amount of loans and grants. The Fisker Karma is an extended-range luxury electric vehicle that seats four. The car is powered by twin 201-horsepower electric motors and can provide a range of 300 miles and a top speed of 125 miles per hour -- although you might not get both of those things at the same time. The car is a series hybrid, and in that sense is similar to the Chevy Volt made by GM (NYSE:GM). It has a lithium-ion battery pack (with battery cells from A123 Systems) that powers the car. The Karma also comes with a gas gener...

Full article: http://www.greentechmedia.com/articles/read/Electric-Vehi...

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gas2.org 17 Nov '11, 11pm

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npca.org 17 Nov '11, 3pm

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Better start saving...

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