Fisker Automotive on Tuesday said it raised $65 million to build the Fisker Karma, a planned $80,000 plug-in hybrid sports car.
The series C funding, first reported earlier in May, was led by Qatar Investment Authority (QIA) and joined by existing investors Palo Alto Investors and Kleiner Perkins Caufield & Byers. The company had previously raised $25 million, CEO Henrik Fisker said in May.
The company expects to start delivering the four-door Fisker Karma in the fourth quarter of next year, with planned production of 15,000 units a year.
Unveiled last year, the Karma is designed for daily … Read more