Fisker Automotive Secures $115,300,000 New Funding Round

  • Feed Type
  • Date
    1/15/2010
  • Company Name
    Fisker Automotive
  • Mailing Address
    19 Corporate Park Irvine, CA 92606
  • Company Description
    The concept was created between two independent companies who clearly wanted to make a difference in not only the automotive industry, but to the environment as well. Fisker Coachbuild, LLC and Quantum Technologies announced this joint venture partnership. Fisker Coachbuild will provide exclusive design services for Fisker Automotive while Quantum Technologies (QTWW – a publicly traded company) will provide the latest technological advancements. Each car will feature cutting-edge plug-in hybrid penned as Q DRIVE exclusively for all Fisker Automotive vehicles.
  • Website
    http://www.fiskerautomotive.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $115,300,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    This funding is necessary for Fisker Automotive to access a $528.7 million U.S. Department of Energy conditional loan that will, in part, help speed completion of the Fisker Karma, the company’s first plug-in hybrid.
  • M&A Terms
  • Venture Investor
    A123Systems
  • Venture Investor
    Ace Investments
  • Venture Investor
    Kleiner Perkins Caufield & Byers

By posting a comment, you agree to our terms and conditions.