• May 30th 2010 at 1:01PM
  • 9
Fisker Karma - Click above for high-res image gallery

Just a few short days ago, we got word that Fisker Karma production would be delayed once again and a new target date for full production now sits at February 2011. The delay gives Fisker ample time to secure even more funding, and that's exactly what the company is doing. Fisker reports that it just wrapped up its latest funding round by securing $189 million in additional capital, bringing its total private equity funding thus far to around $339 million.

This latest round of founding is about much more than just money though. The additional funds ($115 million of which came in back in January), mean Fisker can trigger its $528.7 million loan from the Department of Energy. The loan will be used to re-open a General Motors plant in Delaware which the company will eventually utilize to develop a line of lower-cost, family oriented models under the Project NINA program. The company estimates that 2,000 new jobs will be created at the site, and that 5,000 more will be saved or created at domestic suppliers and that more plug-in hybrids will be on the roads soon.

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    • 1 Second Ago
      • 5 Years Ago
      Does anyone know what the Nina is supposed to look like? I hope it's an SUV.
        • 5 Years Ago
        The Nina will initially be a four door sedan. Mock-ups have been shown to some dealers, but AFAIK, there have been no definitive designs leaked to the public.

        Fisker has mentioned on several occasions that the Nina platform would spawn variants, possibly a coupe and an SUV crossover.

        Regarding a Fisker "real" SUV, that day may also come. Fisker would certainly have access to Quantum's diesel-electric Q-Force hybrid drivetrain (as used in the US Army CERV).

        I have a lot of faith in Fisker, with his automotive experience and the backing of several Tier One suppliers, I really think they have a great shot at being successful.

      • 5 Years Ago
      Anyone know who Fisker choose to sell their cars in Europe?
        • 5 Years Ago
        "Let me Google that for you" ... http://karma.fiskerautomotive.com/news_items/download/10/2009-03-03.pdf

        Fisker ... has appointed two distributors: For southern Europe, GP Supercars (www.gpsupercars.com) in Merano, Italy represented by CEO Gianfranco Pizzuto; and in northern Europe, Nellemann Group in Copenhagen, Denmark, represented by CEO Jac Nellemann (www.koncern.nellemann.dk/). Nellemann is one of Europe’s oldest auto distributors, with ties going back to Nash and Morris, and at present time Kia, Jaguar and Aston Martin to mention a few. GP Supercars was formed specifically for the distribution of exclusive cars like the Fisker Karma.

        But that same press release says "The 2L/100km Fisker Karma saloon will start at €78,780, excluding VAT, and be available through a network of 40 retailers across Europe beginning early 2010." Since Fisker missed the date, I don't know what's happened to the dealer plans.
      • 5 Years Ago
      Interesting counterpoint to the Tesla article - Tesla's having to use their DOE loan to pay off current expenses, while Fisker is raising private capital in order to secure their DOE loans...

      The Fisker Karma dealership tour is going quite well. At each dealership they are attracting decent crowds, and people are putting down deposits. I've heard estimates that they've signed more than 700 new customer contracts to deliver Karmas next year.
      • 5 Years Ago
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      • 5 Years Ago
      I gotta say Fisker continues to impress, every time I see more funding going in I have the feeling that success is bound to happen with a care that looks that good its hard to believe it wont.
        • 5 Years Ago
        For such a long car and lacking an engine, why does the rear seats have no leg room?!
        • 5 Years Ago
        Continues to impress........at raising money, prehaps.

        At actually producing a product........the term "vaperware" comes to mind.
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