Fisker Seeking $200M In Private Funding

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Thread: Fisker Seeking $200M In Private Funding

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    6.2 Liter LS9 Supercharged V8 Premium Member ne_one's Avatar
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    Fisker Seeking $200M In Private Funding

    Fisker Seeking $200M In Private Funding
    Left Lane News
    August 25, 2011
    by Nat Shirley


    Cash is a necessary weapon for any new automaker facing the uphill battle of wrenching market share away from the multitude of established companies in the largely stagnant American auto market. So, it stands to reason that tiny Fisker Motors is preparing a new round of financing as initiates sales of its first product.

    Fisker has launched a round of private financing geared towards raising $200 million, according to a report in Fortune Magazine. The effort comes at a time when the California-based company is introducing its long-awaited Karma plug-in hybrid luxury sedan to the market, which was initially slated to enter production in late 2009.

    The extra capitol will likely help Fisker with necessary tasks like developing its dealer network and starting a marketing campaign, although Fortune suggested the financing may also be designed to raise the automaker’s market value ahead of a public stock offering. The new financing round, the latest in a series that has already raised $290 million, would raise Fisker value to $2.2 billion and could be billed as a “pre-IPO” round to investors.

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    Re: Fisker Seeking $200M In Private Funding

    I'll take half that in private funding...

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    R2-D2 Astromech Droid Premium Member mbukukanyau's Avatar
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    Re: Fisker Seeking $200M In Private Funding

    Another Saab. Since they use GM parts, perhaps they could approach GM ,

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    Re: Fisker Seeking $200M In Private Funding

    Perhaps some mustache enthusiasts can come to the rescue.

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    Re: Fisker Seeking $200M In Private Funding

    1. Wasn't the Karma supposed to be out well in advance of the Volt?
    2. Didn't they get hundreds of millions in stimulus / alternative energy federal funds?

    I have to agree with the Saab association - I think this company is just sponging as much money as they can before they crash and burn. I mean, there's a reason the auto industry has officially stopped producing cars in CA.... hold on for the ride folks.
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    Re: Fisker Seeking $200M In Private Funding

    If Telsa wasn't so endeared by Toyota (likely for its Li-ion tech), I'd have said that Fisker has a more realistic shot long term then Telsa. I love the Karma's interior.

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    Re: Fisker Seeking $200M In Private Funding

    Quote Originally Posted by SX3 View Post
    If Telsa wasn't so endeared by Toyota (likely for its Li-ion tech), I'd have said that Fisker has a more realistic shot long term then Telsa. I love the Karma's interior.
    Tesla will eventually get screwed by Toyota.

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    Re: Fisker Seeking $200M In Private Funding

    It's just so hard to make it into the business. It's a numbers game. Muller's Saab finds out the hard way. Who knows Fisker will be next. The investment climate is not exactly positive right now. Don't know about Tesla. I'm actually surprised that Elon Musk came this far.
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    Re: Fisker Seeking $200M In Private Funding

    Quote Originally Posted by Novak454 View Post
    1. Wasn't the Karma supposed to be out well in advance of the Volt?
    2. Didn't they get hundreds of millions in stimulus / alternative energy federal funds?

    I have to agree with the Saab association - I think this company is just sponging as much money as they can before they crash and burn. I mean, there's a reason the auto industry has officially stopped producing cars in CA.... hold on for the ride folks.
    My thinking also .

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