Fisker Automotive Raises $189 Million From Private Equity Firms

Posted May 30, 2010

Fisker Automotive has raised a $189 million round of funding from private equity firms. This means that Fisker now has over $339 million in funding since they started three years ago. Through this round of funding, Fisker plans to get a major federal loan and acquire a former GM assembly plant in Delaware.

Fisker Automotive is working on developing a series of plug-in hybrid vehicles, including the $88,000 Fisker Karma. The Karma is expected to go on sale next year. The investors involved on the deal are undisclosed.

Some of Fisker’s previous investors include Palo Alto Investors, Kleiner Perkins Caufield & Byers, A123 Systems, and Qatar Investment Authority. [Edmunds]