Fisker has already commenced production of its Karma plug-in hybrid luxury sedan, with the first car off the line being shown at the 2010 Paris Auto Show. There is already talk however, about several other models in the pipeline, and a possible IPO.
CEO Henrik Fisker told the Financial Times: “We want to create a car company that only makes plug-in hybrid vehicles. We’re going to have a range of six vehicles in the next five years.” Such development would take an immense amount of funding – much more than a company which has yet to sell a single model is in a position to ask for.
It is in that vein that Fisker is considering the IPO, taking a cue from Tesla, which raised $226 million from its IPO earlier this year. Any money raised would be in addition to the $300 million raised from private investors and the $529 million in low-interest loans from the U.S. Department of Energy.
Fisker is hoping to launch a more affordable model as well as two others positioned below the Karma. A convertible variant of the Karma is also being talked about, possibly as a contender to the Tesla Roadster.
– By: Stephen Calogera