Fisker Gets Continuous Support From Equity Investors To Raise Extra $100-Million Plus

The well-known plug-in hybrid vehicles manufacturer, Fisker Auto firm obtains consistent support from equity shareholders, which has greatly helped them to announce that it ended on in excess of $100-million plus in the direction of a still-open financing cycle.

Fisker has its main headquarters located at Anaheim, California, and it has been quite successful in lifting up nearly more than $1.2-billion total amount in equity so far, which has made it one among the most deeply financing venture supported firms ever witnessed in the history. Under a United States Subdivision of energy loan, the firm has recently drawn on nearly $193-million.

The auto firm didn’t even specify shareholders in the latest financing round. VentureWire has formerly informed that the firm had planned to lift up nearly $150-million total in a new Series E cycle of funding. A leading spokesperson from the company, Roger Ormisher recently confirmed that the initial concluding is in the direction of the Series-E round. He has also mentioned that it was lifted up in really short order i.e. just around four weeks.

The major institutional shareholders of the company over the years included names like New Enterprise Associates, and famous Kleiner Perkins Caufield and Buyers. The automotive company has also depended on assets from some wealthy personalities, many solicited through investment banking companies like Advanced Equities. Presently, the California based auto manufacturing firm is involved in the production and marketing of a single, well-known plug-in hybrid model known as Karma, and it greatly needs more resources to uphold its pricey business plan.

A prominent broad member of the automaker, and managing associate at Kleiner Perkins, Ray Lane informed VentureWire during 2012 June that in order to formulate its business self-financing, the firm would be required to introduce its 2nd production vehicle as early as possible, and it should be a more reasonably priced sedan that is more likely to be developed on large production scale.

Since Fisker Automaker overlooked milestones, plans for the production of the 2nd major venture of the company were actually adjourned when the U.S Subdivision of Energy delayed payments on a promised loan. Recently nominated Chief Executive of the company, Tony Posawatz has clearly mentioned in one of his recent statements that the carmaker would definitely declared final production strategies for the proposed new plug-in sedan, dubbed the Atlantic, and a precise timeline sometime by the fall of this year.

In almost 4-years after introducing the company, it has realized a rare achievement producing and launching a new car named Karma, and as per recent stats, it has managed to deliver nearly 1,500 units of its Karma plug-in hybrid model to consumers all over the world.

Be the first to comment

Leave a Reply

Your email address will not be published.


*