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Fisker completes $50M financing; Huhnke named CTO

Green Car Congress

Fisker Inc. recently completed a $50-million Series C financing round funded by Moore Strategic Ventures, LLC, the private investment vehicle of Louis M. The proceeds will be used to support the next phase of engineering work on the Fisker Ocean all-electric luxury SUV, due for launch in 2022.

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Fisker Ocean electric SUV starts at $37,499, pre-tax credit; leases for $379/mo

Green Car Congress

Fisker is pricing its new Ocean electric SUV with an MSRP of US $37,499. After the US federal tax credit is applied, the cost of the Fisker Ocean drops to a starting price of US$29,999 (US). Reservations are now open through the Fisker mobile app on the App Store and Google Play store, or the Fisker website and are set at US$250.

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Fisker opens reservations for Ocean SUV; cost starts as low as $379/month

Green Car Congress

Fisker Inc. The Fisker Ocean is targeted to begin production at the end of 2021, with the first high-volume deliveries projected for 2022. The Fisker app offers a flexible lease program, maintenance and repair on demand, insurance purchase to easy finance options. —Henrik Fisker, chairman and CEO of Fisker Inc.

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Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

Green Car Congress

The EVer (Electric Vehicle extended range) powertrain of the Fisker Karma. Fisker Automotive published its first business update, announcing that revenues had exceeded $100 million in the first four months of 2012. The latest funding has lifted the overall financing beyond $1 billion since the start of the company in 2007.

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Fisker Lands Additional $85M for Karma Plug-in

Green Car Congress

Fisker Automotive, Inc. New York-based Eco-Drive (Capital) Partners LLC, a European-American investment consortium, and Kleiner Perkins Caufield and Byers, an early investor in Fisker, have together agreed to provide the capital. Early production vehicles of the 2010 Fisker Karma are slated to come off the assembly line late this year.

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DOE taking steps to revitalize Advanced Technology Vehicles Manufacturing (ATVM) Loan Program

Green Car Congress

The LPO made a total of 5 awards; the other four were: $529 million to Fisker (discontinued). These fuel-efficient technologies may include, but are not limited to, advanced engines and powertrains, light-weighting materials, advanced electronics, and fuel-efficient tires. 5.907 billion to Ford (closed). 465 million to Tesla (closed).

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A123 Systems in non-binding MoU with Wanxiang for strategic investment of up to $450M; Wanxiang would own up to 80% of A123 common stock

Green Car Congress

A123 offers industry-leading technology for vehicle electrification and grid-scale energy storage, as well as strong manufacturing and systems engineering capabilities in Michigan and Massachusetts. million non-cash charge related to an additional write down of its investment in Fisker Automotive. Adjusted EBITDA was a loss of $52.4

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