Fisker Automotive Inc. Bags Another $100 Million In Venture Funding For Luxury Hybrid Cars

Last month, Frisker Automotive Inc., which has the world’s eyes on it for its highly anticipated ‘Karma’ a plug-in hybrid electric vehicle (PHEV) had announced that it had secured an investment of $1 billion to initiate the production of Karma. Now, California based Fisker has stated that it has furthered grabbed another $100 million in a Series C funding round that the company intends to channel for the production of its luxury sedan, as well as an all new electric car.  The Karma is essentially a plug-in hybrid electric vehicle that falls in the same category of the immensely popular, Chevrolet Volt. The Karma is powered by a 20 kilowatt lithium-ion battery that has been designed to bring extended range to vehicle, thereby making it more fuel efficient. Fisker Automotive is largely an investor driven firm, with some of the prominent ones being Kleiner Perkins Caufield & Byers, New Enterprise Associates, A123 Systems Inc., Palo Alto Investors, Qatar Investment Authority and Quantum Fuel Systems Technologies Worldwide.

As per auto-switch system, the conventional gasoline engine in the Karma immediately takes over after the car has run about 50 miles on electric power and this gorgeous sedan can sprint from 0 to 60 mph in just six seconds, attaining a top speed of 125mph when driven in sports mode. One of the most astounding features of the soon to arrive luxury hybrid electric is its roof mounted solar panel that is capable of generating half-kilowatt-hour of energy everyday thus charging the battery and extending the range of the sedan an incredible 300 miles, before it requires refueling.  The Karma when launched will be carrying a price tag of $96,000 for a basic model and the top end model of the Karma will set you back about $109,000.

Via Venture Beat & Wall Street Journal


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