Fifty-eight million in funding for Fisker

Fisker Automotive has just added $58 million to its war chest. Following two successful funding rounds earlier this year, Fisker now has around $690 million stashed in the trunk.

 

Fisker Automotive has just added $58 million to its war chest, part of a hoped-for 150 in the latest funding round, the company told BusinessGreen yesterday. Following two successful funding rounds earlier this year, Fisker now has around $690 million stashed in the trunk.

The past few weeks have been a hilly road for Fisker. In October, the company was on the way up, as the company’s new Karma PHEV received EPA certification and began sales in the US. Then things rolled downhill, as the automotive press (justly) highlighted the EPA’s underwhelming fuel-economy figures, and ABC News (unjustly) dissed the company for following the business plan it had announced in 2009. In November, happy days were here again as Europe’s TÜV automotive certification agency gave the Karma a much better-looking report card (135 MPGe and a 51-mile all-electric range).

Now Fisker says that final EU certification, the green flag to begin sales in Europe, is only “days away.” Plenty of Karmas are ready and waiting for delivery to Continental customers with advanced orders.

“We are naturally very pleased with the TÜV results, which show we have delivered better than our anticipated fuel efficiency figures,” said CEO Henrik Fisker. “We believe the Karma is a car well-suited to the lifestyles of many people in Europe, and these results reinforce that position.”

 

Image: Fisker Automotive