Monday, April 2, 2012

Report: Fisker Automotive Boosts Fundraising Plans By $200M More

Irvine-based Fisker Automotive is hoping to raise $200M more in a current funding round, according to a report today, and has now raised around $1 billion in private funding. The report game from GigaOm, which untangled the pile of regulatory filings issued by Fisker Automotive. The report said that Fisker is now in the midst of raising a $500M funding round, up from earlier plans to raised $300M in February. Fisker has been working through some significant issues in its path to market, including a gigantic recall of the batteries in its cars from battery maker A123 Systems, a number of more minor recalls, and the loss of a Department of Energy loan to work on its second car, the Nina--not to mention the installation of a new CEO in February to try to sort out all of those issues.

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