Trending

Fisker Automotive looking to raise additional $200 million

Fisker Karma – Click above for high-res image gallery

Fisker Automotive is reportedly seeking an additional $200 million through its latest round of private fundraising, according to Venture Beat. This adds to the $100 million Fisker snatched in May, the $40 million the automaker raised back in March, the $150 million it grabbed in February, the $300 million raised prior to that, the $529 million awarded from the U.S. Department of Energy, and so on. In total, between public funds and private investments, Fisker, upon successfully raising the additional $200 million that it’s currently seeking, will be valued at $2.2 billion. At $2.2 billion, Fisker’s value will be on par with Tesla Motors.

Pike Research analyst John Gartner, told Venture Beat:

If you look at what they are trying to achieve relative to Tesla in terms of producing 15,000 vehicles annually, then Fisker’s fundraising and targets should be considered reasonable. Of course Tesla has a much longer history of selling vehicles, albeit in more limited quantities.

Venture Beat reports that 54 Fisker Karmas have rolled off the assembly lines and that the automaker will rev up production soon. Fisker has already delivered a handful of Karmas to prominent figures, including Leonardo DiCaprio and Ray Perkins.

Related Articles

Back to top button