Fisker Automotive, the plug-in hybrid startup company based in Irvine, CA, is planning to raise another $75-$150 million to add to the $300 million it has already raised privately, the $529 million awarded from the U.S. Department of Energy and the $21.5 million in grants and loans it has gotten from the state of Delaware. If you think there's a lot of money going in, but not much coming out, company CEO Henrik Fisker says not to worry. Investors are most likely going to be paid back when Fisker stock eventually goes public, like Tesla Motors did, Fisker told Reuters:
The first factory-produced version of its $88,000 sports sedan Karma was displayed at the Paris Motor Show in October. CEO Fisker, the designer of the Aston Martin DB9, V8 Vantage and BMW Z8, said at the event that the company has more than 3,000 pre-orders for the Karma and expects to start deliveries in March (we'll see). In late 2012, Fisker plans to launch Project Nina in Delaware where they bought the Boxwood Road Plant previously owned by General Motors. The plan is to employ 2,500 people in Delaware and produce the Nina SUV and a two-door version. Then, if things go well, three iterations of the Karma will be built: the sports sedan, a convertible, and a sports wagon. The plans are big, and will apparently cost another $150 million or so.We have to launch the Karma first, that is clear. You have to get the revenue and launch the Karma, but we already are making sure our company is prepared for this possibility of an IPO.
[Source: Delaware Online]