Fisker Automotive Raises $85M

Irvine-based Fisker Automotive, which is developing plug-in, hybrid electric cars, said Monday that the firm has raised an additional $85M in venture capital funding. According to the firm, the funding will come from Eco-Drive (Capital) Partners LLC and Kleiner Perkins Caufield and Byers. The firm said the round will be its largest since its inception. The new funding will go towards development and manufacturing of its automobile. More information »