Monday, June 17, 2013

Fisker Automotive Burnt Through $1.4 Billion

Anaheim-based Fisker Automotive, the troubled electric car maker, has now burnt through $1.4 billion dollars in private and public funds, according to Reuters. The amount of capital invested in Fisker makes the company the highest profile flameout ever in Southern California's startup history, far surpassing the mere $375M in venture capital raised of of prior record holder Amp'd Mobile from back in 2007. Fisker Automotive is apparently taking bids from investors to acquire the firm, with at least one offer of a mere $20M for the company.

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