Fisker Automotive, an ambitious start-up raising funds to manufacture green luxury cars, has announced that they’ve reached their $1 billion dollar goal! With ample funds now in hand the company is setting plans in motion to put their vehicle – the Fisker Karma – into full production for sale this summer! Fisker has announced that dealerships can start to fulfill the already 3,000 pre-ordered electric cars as soon as June.
The Fisker Karma’s prototype is a gorgeous green four door machine, manufactured in California. The Karma has the zero emission benefits of an all electric car, and is comparable to a conventional four passenger luxury car. It features recycled and reclaimed materials, like recycled aluminum, as well as solar panels and leather-free EcoPremium Suede interiors.
The Karma will soon be a reality thanks to a load award from the Department of Energy for green car manufacturing, which totalled $528.7 million. In addition, Fisker recently raised another $150 million, bringing them closer to their $1billion goal – both numbers that are incredibly impressive for a green start up company that has yet to produce a product. The other option for Fisker would be to go public. The popular Tesla electric car did just that and went IPO, and has done extremely well.
A plan initially set with a March 21st production date, the Karma’s funding has hit some roadblocks since it’s initial launch plan of November 2009. But the good news is, if all goes as planned, the almost $100,000 Fisker Karma will be cruising the streets by July.
+ Fisker Karma
Via Gigom
This is gorgeous. It inspires the kind of admiration normally reserved for objects of amorous fancy.
Looking forward to their IPO offering, hopefully the response will reflect their success in VC gathering.
One thing I’m curious about, even with an aluminum chassis and body it’s still pretty sluggish compared to a regular sedan. Does anyone know the fueled weight?
The Karma, which it plans to sell for $100,000 a piece obviously isn’t a family sedan. Didn’t Fisker get millions of dollars of federal stimulus money just like Tesla Motors? They received millions of dollars so they could build a car, then they set up building the car in a factory in Uusikaupunki, Finland. Fisker Automotive got the money then pulled it’s facilities out of Michigan where the jobs may have been needed the most. Is there anyone other than me who thinks this is a stupid idea to give them our god damn money!!! And don’t ever forget that was our god damn money. Essentially what we’ve done is help to subsidize an expensive car that only the wealthy can buy. And they could easily afford it themselves. Design wise is fine, it would probably cost less to have a gas version, and they could sell that.
$529M FOR A FINNISH CAR AFFORDABLE TO ONLY A FEW,MAKES THIS OLD BOLSHEVIK WANT TO JOIN THE TEA PARTY. SO COMRADE TAXPAYERS HOW ABOUT A ‘COLLECTIVE’ LAW SUIT TO RECOUP OUR LOSSES?