Top News

Fisker Automotive In Deal With A123, Gets $23M

Irvine-based plug-in hybrid automobile developer Fisker Automotive has scored $23M in an investment, as part of a deal with lithium ion battery maker A123 Systems, the firms said Thursday morning. According to A123 Systems, it is in a battery supply agreement with Fisker, to supply battery systems for the Fisker Karma plug-in hybrid. As part of the battery supply deal, A123 said it intends to invest up to $23M in Fisker Automotive's current funding round, as part of a strategic relationship. A123 said the investment would include $13M in cash, plus $10M in A123 common stock. Fisker is looking to launch its Karma in late 2010.





Latest Headlines

Browse Issues


Keep up with all of the latest Southern California high tech news via email (it's free!)

or Cancel