Fisker Automotive raises additional $40 million

Fisker Automotive has reportedly snagged an additional $40 million through its latest round of private fundraising, adding to the $150 million it snatched up in February, the $300 million it had raised prior to that, the $529 million awarded from the U.S. Department of Energy, and the $21.5 million in grants and loans it received from the state of Delaware. In total, between public funds and private investments, Fisker has raised in excess of $1 billion.

Fisker spokesman Roger Ormisher apparently told Delaware Online that the automaker has "no specific usage" for the additional $40 million, stating that the money provides a "comfortable cushion." Ormisher claims that the automaker's Karma and Nina projects are now fully funded and with production of the plug-in hybrid Karma underway, it looks like Fisker is finally ready to enter the automotive scene.

[Source: Delaware Online]