Fisker Automotive Raises $115.3M

Irvine-based Fisker Automotive, the electric car maker run by Henrik Fisker, announced Friday evening that the firm has raised an additional $115.3M in private equity funding. The firm said the new funding comes to enable it to access a $528.7M, U.S. Department of Energy loan for the Fisker Karma. Fisker Automotive said the new funding included A123 Systems, Ace Investments, and Kleiner Perkins Caufield & Byers. A123's involvement in the funding was announced last week, in conjunction with a strategic deal between the firms to use A123's lithium ion batteries. The firm said the new funding will help speed completion of its Fisker Karma plug in hybrid. More information »