AllAboutPrius.com
GreenCarReports.com
AllCarsElectric.com
AllSmallCars.com
HondaInsightReviews.com
ChevyTruckReviews.com
PickupConnection.com
GMCReports.com
FordF150Reviews.com
MotorAuthority.com
LuxuryCarReport.com
AudiReports.com
BenzConnection.com
LexusReports.com
MINICooperReviews.com
BMWMonitor.com
PorscheReports.com
RangeRoverReviews.com
LotusConnection.com
FerrariReports.com
AllMinivans.com
FamilyCarGuide.com
VolvoReports.com
FordReports.com
ToyotaMonitor.com
HondaReports.com
ChevroletReports.com
VolkswagenReviews.com
AcuraRatings.com
NissanReports.com
KiaReports.com
CadillacReports.com
MustangBlog.com
CamaroBlog.com
ChallengerBlog.com
Forums
RSS
Dealers
Colin Mathews
Today Fisker Automotive announced they're inches away from receiving $85 million in venture capital funding to help complete development and bring to production the 2009 Fisker Karma plug-in hybrid electric sports sedan.
Sources of new financing are New York's Eco-Drive Partners, California-based VC capitol firm Kleiner Perkins Caufield and Byers, and an as-yet-named European-American investment consortium. Said CEO Henrik Fisker: "this investment is a strong endorsement of our business model and future product offerings in a challenging business environment." The deal is not yet official but Fisker Automotive fully expects it to close by the end of April.
The Karma is slated for production later in 2009 and will retail for $87,900 prior to tax credits. The stunning four-seater uses two electric motors to accelerate to 60 mph in the five-second range and can travel up to 50 miles on pure electric propulsion before a GM-sourced 2.0-liter turbocharged four turns a generator to recharge the Karma's lithium-ion battery pack. Total range of the vehicle is said to be up to 300 miles depending upon driving style; fuel economy is a claimed 100 mpg.
Fisker Automotive also hinted at a lower-priced vehicle in the works, something closer to the recently announced $50,000 Tesla Model S.
[source: World Car Fans]
_GA_googleAdEngine.createDOMIframe('google_ads_div_Article_Bottom' ,'Article_Bottom'); 2009 Fisker KarmaEnlarge Photo Today Fisker Automotive announced they're inches away from receiving $85 million in venture capital funding to help complete development and bring to production the 2009 Fisker Karma plug-in hybrid electric sports sedan. Fisker KarmaEnlarge Photo Sources of new financing are New York's Eco-Drive Partners, California-based VC capitol firm Kleiner Perkins Caufield and Byers, and an as-yet-named European-American investment consortium. Said CEO Henrik Fisker: "this investment is a strong endorsement of our business model and future product offerings in a challenging business environment." The deal is not yet official but Fisker Automotive fully expects it to close by the end of April. The Karma is slated for production later in 2009 and will retail for $87,900 prior to tax credits. The stunning four-seater uses two electric motors to accelerate to 60 mph in the five-second range and can travel up to 50 miles on pure electric propulsion before a GM-sourced 2.0-liter turbocharged four turns a generator to recharge the Karma's lithium-ion battery pack. Total range of the vehicle is said to be up to 300 miles depending upon driving style; fuel economy is a claimed 100 mpg. Fisker Automotive also hinted at a lower-priced vehicle in the works, something closer to the recently announced $50,000 Tesla Model S. [source: World Car Fans]
Responses (2 total)
By R2Dad #1, Posted: 4/7/2009
and yet
I would be hugely surprised to learn their exit strategy does NOT include being bought out by one of the big 3.
By ben.array@gmail.com #2, Posted: 4/8/2009
Invention
This is a good start and hopefully most automotive companies will soon follow this trend to help save our environment.
Post a comment