Fisker Auto Raises $85MIL
This Car has Good Karma
Fisker Automotive is getting closer to launching the Karma plug-in hybrid, a car with a powertrain that works on a principle similar to the GM Volt: It’s 100% electric for the first 50 miles, and after that a gasoline engine kicks in to recharge the battery (but the gas engine never directly powers the wheels). But to get to full production, it needs money, which is why it raised an extra $85 million in venture capital from New York-based Eco-Drive (Capital) Partners LLC, a European-American investment consortium, and Kleiner Perkins Caufield and Byers, an early investor in Fisker.
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