Fisker Automotive Raises $392M
Fisker Automotive, the VC-funded extended-range electric vehicle maker, has crossed the $1 billion mark in investment. The struggling plug-in hybrid automaker has raised $392 million in a financing round that’s aiming for $500 million in new investment, according to a filing with the Securities and Exchange Commission. That’s $129 million in new investment since February, when Fisker said it had raised $263 million of a planned $300 million round.
The new investment from Advanced Equities comes amidst a set of struggles for the startup, including two recalls and news of stalled production of its high-end Karma plug-in hybrid sports car. It also comes amidst news of trouble for Advanced Equities — co-founders Keith Daubenspeck and Dwight Badger may face federal enforcement action related to a 2009 private offering, according to Crain’s Chicago Business.
The company has had its share of challenges of late, including:
Greentech Media is an integrated online media company designed to deliver the highest-quality content in the industry, whether it is research, news or critical networking events. Greentech Media is headquartered in Cambridge, Mass., with operations in New York City, San Francisco and Munich.
Search 26k+ Solar Articles
- The Solar Vineyard House by Michael Jantzen
- Report: Solar PV Market to Recover by 2015
- Green Design Standards and the Construction Industry
- Converting Waste Heat Into Electricity Through Osmosis
- The Solar Canals of India
- In Focus: Sustainable Base
- New CPV Efficiency Record for Amonix
- Toyota Prius to be Replaced?
- Securitization and Renewable Energy
- The All-Electric Fiat 500e
- The Energy Supercomputer
- A Breakthrough or Just Another PV Module?