Fisker Gets $65M More to Make Karma Real

September 10, 2008
In another step in the race for plug-in primacy, Fisker Automotive, Inc., which introduced the lauded, radically styled, four-door plug-in-hybrid Karma in January at Detroit's NAIAS, today announces completion of its Series C financing round--which means more money to bring the Karma full circle from concept to reality.

Funding came to completion September 4 with a large private investment by Qatar Investment Authority (QIA), bringing the total investment in Fisker's project to $65 million. Investors from Palo Alto, Calif., firm Kleiner Perkins Caufield & Byers, and existing investors helped the firebrand company hit the significant financial watermark.

With Chevy fanning the eco-flames with recent picture leaks of its Volt, Toyota pushing back but promising a plug-in Prius, and Tesla Motors revising the drive system of its already rapid Roadster and planning a sedan as well, the race for the best electric car just keeps getting more interesting.--Colin Mathews

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