Fisker Automotive Adds $115 Million
Fisker Automotive, an Irvine, Calif.-based electric vehicle maker, has raised $115.3 million in new VC funding. Backers include A123 Systems, Ace Investments and Kleiner Perkins Caufield & Byers. Lithium-ion battery maker A123 yesterday announced that it would invest $23 million, and provide power packs for a rechargeable luxury car being launched later this year (Fisker Karma). Fisker previously raised more than than $160 in VC funding, from firms like Kleiner Perkins, Eco-Drive (Capital) Partners, Palo Alto Investors and Al Ghaffara Investment Co. It also recently secured a $528 million low-cost loan from the Department of Energy, which was conditioned on the company raising additional private equity.
15 January 2010•3 mins read
