DETROIT (Reuters) – Lithium-ion battery supplier A123 Systems (AONE.O) said on Thursday that it had signed a deal to supply power packs for the Fisker Karma, a rechargeable luxury car being launched later this year. A123 also said it would invest $23 million in a funding round for Fisker Automotive, an ambitious venture capital-backed start-up behind [...]
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Fisker Automotive Inc., an Irvine, Calif.-based electric car maker, said that it has raised $85 million in Series D funding from Eco-Drive (Capital) Partners and return backer Kleiner Perkins Caufield & Byers. This follows up on around $80 million in prior funding, including a $68.5 million Series C round for which peHUB recently found a regulatory filing. Other Fisker shareholders include Palo Alto Investors and Al Ghaffara Investment Co. (Quatar).
As you can imagine, VC-backed Tesla Motors and Fisker Automotive have been getting quite a lot of press lately. Tesla this week has unveiled its Model S, a 4-door sedan that, minus a $7,500 federal tax rebate, will cost about $50,000. The company, which counts Draper Fisher Jurvetson and VantangePoint Venture Partners as its investors, [...]
Fisker Automotive Inc., an Irvine, Calif.-based electric car maker, has raised $3.5 million in additional Series C funding, according to a regulatory filing. Thomas Lloyd Capital served as placement agent. This brings the round total to $68.5 million, and the company’s total VC funding to $94 million. Backers include Kleiner Perkins Caufield & Byers, Palo Alto Investors and Al Ghaffara Investment Co. (Quatar). www.fiskerautomotive.com
The electric car wars continue as Fisker Automotive gets a $65 million cash injection from Kleiner Perkins, hedge fund Palo Alto Investors and the Qatar Investment Authority (QIA). Earth2Tech has the story and a reminder about the company’s ongoing legal battle.
The interesting thing here, outside the sexy looking car, is the source of the financing: an early stage venture firm (now growth investor when it comes to “greentech”), a hedge fund and the state-backed investment fund of an petrochemical-rich middle-eastern nation. Which of these investors doesn’t belong?