Home / Auto News / News article: Fisker Raises $100 Million In Advance Of Vehicle Sales - AutoGuide.com News
 |  May 13 2011, 4:35 PM

Documents filed with the U.S. Security and Exchange Commission revealed that Fisker, maker of the Karma hybrid sports car, is raising an additional $100 million in funding in advance of the company’s first customer deliveries.

While the investors have not been identified, the money comes in addition to Fisker’s $190 million in financing secured already. The Karma has entered production at Valmet’s Finnish plant. The Karma is expected to go on sale later this year, with an initial run of 3,000 cars before entering full production.

[Source: Automotive News]

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    EVs : The Future of Car !

    It’s Official: DBM Energy’s Electric Car Battery Is Real !

    New independent test confirms 454.82 km driving range on one charge!
    It weighs just 770 pounds,
    For comparison, the Tesla Roadster’s pack, which claims 245 miles of range, weighs 990 pounds.
    The car’s creators even claimed a 6 minute recharge time.

    It passed extensive independent safety tests, demonstrated endurance of 5000 charging cycles, this battery will last 27 years.
    Lithium cells of Kolibri Lithium battery have undergone a very rigorous tests according to the video from the website of German Ministry For The Environment, Nature Conservation and Nuclear Safety.

    Mr. Hoffmann also cites estimates that the mass-production cost of a 98.8 kWh version of the pack would range from 800 to 1,000 euros, or from about $1,100 to $1,400, which is thousands below current costs.

    Plus, Nano-Optonics Energy Inc of Japan will produce electric vehicles with in-wheel motors.

    It will travel 300km on a single charge – about double what current electric cars can get and employ four motors, one for each wheel.
    And SIM-Drive said the price of final electric car should be “on the same level as gasoline-powered cars.”
    Who can resist this fascinating technology ?