Private Equity
The electric car wars continue as Fisker Automotive gets a $65 million cash injection from Kleiner Perkins, hedge fund Palo Alto Investors and the Qatar Investment Authority (QIA). Earth2Tech has the story and a reminder about the company's ongoing legal battle. The interesting thing here, outside the sexy looking car, is the source of the financing: an early stage venture firm (now growth investor when it comes to "greentech"), a hedge fund and the state-backed investment fund of an petrochemical-rich middle-eastern nation. Which of these investors doesn't belong?
2 min read · 09 September 2008
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