The company said that starting at $87,900, the Karma paves the way for development of lower-cost plug-in hybrid technology for a second, family-oriented car code named Project NINA. Project Nina is expected to be built in Wilmington, Delaware at a former General Motors assembly plant starting in 2012.
Henrik Fisker, CEO of Fisker Automotive, said: “Raising $115m in these times speaks volumes about the value of our business model and the vast potential of plug-in hybrids. ”
Investors include A123 Systems, Ace Investments and Kleiner Perkins Caufield & Byers. Fisker Automotive has also signed a multi-year supply agreement with A123 Systems for the lithium-ion batteries that will power the Karma.
Mr Fisker said, “Fisker Automotive selected A123 because of the company’s ability to meet our performance needs and rapidly scale to our production volume.We are committed to developing environmentally friendly cars that don’t sacrifice style or performance. A123’s technology will ensure the Karma delivers.”
