Fisker secures an additional $85 million to build the Karma

Fisker Automotive Inc. announced today that it has secured an additional $85 million in venture capital funding to develop and manufacture the Karma plug-in hybrid sedan. The financing, which will be the fourth and largest investment round since the company’s inception in Aug. 2007, will be completed by the end of this month.

The two major investors include New York-based Eco-Drive Partners LLC and Kleiner Perkins Caudfield and Byers.

“The investment by Eco-Drive and Kleiner Perkins validates our vision of joining together the advances in technology for plug-in hybrid powertrains with the ecochic beauty and eco-conscious comfort of the Fisker Karma. We are proud to have Eco-Drive behind us, and to see Kleiner Perkins reaffirm its confidence in our future direction,” said Henrik Fisker, Fisker Automotive CEO.

Fisker expects to have the first units of the 2010 Karma rolling off the assembly line later this year. Pricing for the 2010 Karma starts at $87,900 before any tax credits.

2010 Fisker Karma:



– By: Omar Rana