EV Engineering News

Fisker sells 1000 Karmas, brings in $100 million bucks

Fisker Automotive released what it calls a “business update” yesterday that contains a bundle of welcome good news.


Fisker Automotive released what it calls a “business update” yesterday that contains a bundle of welcome good news. The company revealed that it has delivered 1000 units of its Karma PHEV to customers in the US and Europe since sales began in December 2011. Now, let’s see…1000 cars at 100 grand apiece is…yes, Fisker reports revenues of over $100 million for the first four months of 2012.

Fisker continues to raise private investment to fund its expansion plans, securing $174 million of additional financing so far this year, bringing the company’s overall financing to over a billion bucks.

CEO Tom LaSorda said, “we are encouraged by solid demand for the Karma, our unique extended-range luxury model. Pending completion of investment sourcing, we are poised to press ahead with further market expansion and development of our higher volume model, the Fisker Atlantic.”

Fisker’s international expansion seems to be steadily advancing. In the Netherlands, the Karma was the second-best-selling four-door luxury sedan in January-April 2012. Earlier this month, the company signed an exclusive agreement with the Al-Futtaim Group, a distributor of automobiles in six Middle Eastern countries.

Executive Chairman Henrik Fisker said, “there is great confidence from the investment community, our customers and the media in what we have achieved in bringing such a beautiful and innovative car to the marketplace in record time. Treading a new path in any industry is never easy, but we have set out to re-define and re-shape the way the world thinks about cars, and I am proud of what the Fisker team has achieved so far.”


Source: Fisker Automotive
Image: Fisker Automotive

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