Tuesday, September 9, 2008

Fisker Automotive Pulls In $65M More For Electric Car

Irvine-based Fisker Automotive, which is developing hybrid and plug-in hybrid vehicles, said Tuesday that it has scored $65M in a Series C funding round. According to Fisker, the funding completed on September 4th, and was led by an affiliate of the Qatar Investment Authority. Palo Alto Investors and Kleiner Perkins Caufield & Byers also participated in the funding. Fisker said the funding will go towards development of the company's Fisker Karma, its first production car. Fisker is using plug-in hybrid technology from Irvine-based Quantum Fuel Systems Technologies, and says it expects to start delivering its auto in the fourth quarter of 2009. More information »