Fisker Automotive raises $85 million, promises affordable car

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Fisker Automotive raises $85 million, promises affordable car

Fisker Raises $85M

In this economic climate getting capital for anything is a miracle. They've landed $85 million in funding from Eco-Drive Partners and Kleiner Perkins Caufield & Byers to gear up manufacturing of its first model, the $87,900 Karma. Fisker plans to have its first $87,900 Karma models coming off the manufacturing line in late 2009, with customer deliveries set to start in spring of 2010

Fisker plans lower-cost model, may compete with Chevy Volt and Tesla Model S

The details on this affordable car appear to be sketchy. Both those articles discuss that they're seeking U.S. Federal given that the current stimulus package plans include funding for green car development.

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