Fisker Raises $65 Million for Electric Car

Justin Berkowitz
by Justin Berkowitz
fisker raises 65 million for electric car

You might remember Henrik Fisker as the man whose SoCal coachbuilding company was trying to rebody BMW 6-Series and Mercedes SLs for ungodly price premiums (they sold about 15 total). Or perhaps you’ll think of Fisker Automotive, a would-be electric car company, which was sued by Tesla back in April. Today, Fisker Automotive has announced that they have raised $65 million in venture capital funds for the development of their Karma electric performance sedan. While some more “standard” Silicon Valley investors had been on board with the Karma project, the final investor that put the fundraising over the top is the Qatar Investment Authority, the investment arm of Qatar’s government, with $60 billion in assets. According to the same press release, initial deliveries of the Karma sedan are expected to begin in the 4th quarter of 2009, with eventual sales of 15,000 a year. Uh, whatever you say fellas.

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4 of 8 comments
  • Guyincognito Guyincognito on Sep 09, 2008

    @ Justin Berkowitz: Well, unless those VC's hear about my electric car which will travel 400 miles per charge, recharge in 10 minutes off 120V house power, and will be available within 2 weeks of reciept of funding.

  • Hal Hal on Sep 09, 2008

    Those middle eastern funds are pissing money everywhere at the moment - don't they realise high oil prices won't last forever?

  • on Sep 09, 2008

    4th qaurter of 2009?! Wow, I was expecting 2010. Well at least it is still the 2010 model year.

  • Kabalah70 Kabalah70 on Sep 16, 2008

    guyincognito : September 9th, 2008 at 10:19 am "$65 million! Wow! They are now only $935 million short of how much they would need to develop a mass production vehicle." Where do you come up with this seemingly arbitrary $1 billion? If you have been following the news on these guys you would know their development plan and realize how silly your statement is.