09 Oct '12, 5pm

Fisker raises another $100 million in private funding for Karma production, marketing

Fisker raises another $100 million in private funding for Karma production, marketing

Fisker Secures New Equity Funding 09.26.2012 Fisker Automotive has completed the initial closing of its current equity financing, representing in excess of $100 million of new funding. This initial closing will provide the company with funding for continued product development, market expansion and a new global marketing campaign for the Fisker Karma, the world's first luxury Electric Vehicle with extended-range (EVer™). Fisker expects to continue to utilize equity financing to support its business plan that combines continued sales of its inaugural Karma model with market expansion into the key Middle East and China markets, along with further development work on its second production model, the mid-size Atlantic sedan. Since its inception in 2007, Fisker Automotive has raised over $1.2 billion in private equity and borrowed $193 million under the Department of Energy Adv...

Full article: http://green.autoblog.com/2012/10/09/fisker-raises-anothe...

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