Fisker seeking additional $15 million; has "$250 million in cash in the bank"

2012 Fisker Karma – Click above for high-res image gallery

Fisker Automotive is reportedly seeking an additional $15 million in private funds, according to Automotive News (sub.req.). This may come as somewhat of a surprise considering that the maker of luxury plug-in hybrids has pushed back the delivery date of the Karma to mid-July.

During a telephone interview with Automotive News, Joe DaMour, the automaker's chief financial officer, stated:
We have approximately $250 million in cash in the bank. We're in a very solid financial position, and want to continue to maintain that and frankly fortify it. I can't discuss future funding activities. What I can tell you is we plan to stay out ahead of the curve, from a funding standpoint. We've continued to execute rounds of financing because frankly the interest from the investor side is very strong.
Damour declined to comment on the possibility of Fisker filing for an initial public offering (IPO). Fisker says that it will have 45 dealerships across the U.S. by the end of July.


2012 Fisker Karma
2012 Fisker Karma
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[Source: Automotive News – sub. req.]

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