• Apr 13th 2009 at 4:59PM
  • 10

Fisker Karma - Click above for a hi-res gallery

Hybrid propulsion or not, wunder-designer Henrik Fisker couldn't have picked a worse time be to starting a new car company...especially in the United States. Fisker has been adamant that his company will get off the ground and begin production of its much-hyped Karma electric sedan and S convertible, but without the capital invested, speculation was that his efforts could run out of steam prematurely. However, Automotive News is reporting that the upstart automaker has received a healthy cash injection of $85 million to help get production started.

The funds come from two investors: Kleiner Perkins Caufield & Byers, which was one of the first financial firms to invest in Fisker's enterprise, and a new investor Eco-Drive Capital Partners LLC. Will it be enough to get the Karma out on the street? Eighty-five mil is a big hunk of cash, but as any Detroit veteran could tell you, big money has a habit of running out fast in this business, and it generally takes hundreds of millions of dollars to launch new models.

[Source: Automotive News – subs. req'd]

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
      • 6 Years Ago
      Too bad the car is still devastatingly ugly
        • 6 Years Ago

        I thought Fisker was doing better than this, but this is not a well proportioned car. I like low and wide, but this looks so stretched, it looks distorted. Grille included.

        The Tesla Model S is a better looking car, but again with the weird grille.

        As for the underpinnings... I just wish for real AWD, a boxer engine, and a good looking body and interior.

        Evidently that is too much to ask, because the car with that is looking worse, not better, and the cars that look good, like Tesla S, are in other ways untenable, too expensive, or otherwise not available or technically appealing under the skin.

        Is it too much to ask for for everything to be in place just right, within the context of a price point?

        At least one thing Fisker has going for him, is that he has investors willing to be capitalists, and not begging for government cash and depending on that for private enterprise operations, like Tesla, GM, Chrysler, and so many others, and other industries as well.
      • 6 Years Ago
      The interior of the convertible looks like it was carved out of the finest marshmallows.
      • 6 Years Ago
      If I'm in a position to drop $87k on a car when this debuts, I'm getting one. However, that is probably double any reasonable expectation in this economy.

      I hope they make it.
      V Boss
      • 6 Years Ago
      Man, how I would love to see them succeed, if for no other reason than to see that sly grin/moustache of a grill creeping down the highway. It may not be classically beauty from the front but the proportions along the rest of the car are first class. Here's hoping I can make enough cash after school to make the choice between this and the German big boys.
      • 6 Years Ago
      Of course it takes hundreds of millions to launch a new model in Detroit - those private jets don't come for free.
        • 6 Years Ago
        @ Matt

        Exactly right. When your business spans the globe, it is even more important for the decision-makers and deal-makers to be able to travel wherever, whenever.

        Private jets are a vital part of international commerce.
      • 6 Years Ago
      I'll buy a Karma S, but only if it is actually being delivered and does whatever it is that they promise.
    Share This Photo X