Fisker ekes out $3M to put finishing touches on its swanky electric car
Fisker Automotive, maker of a luxury plug-in hybrid vehicle called the Karma, has squeezed an additional $3 million out of its private investors, bringing its total capital raised to more than $100 million — a staggering feat considering the state of the credit market. The Irvine, Calif. company raked in $65 million in September but says the recent addition to its third round is just the right amount to put finishing touches on the Karma… Continue Reading
Electric car maker Think Global raising another $80M
Think Global, a Norwegian maker of electric vehicles, plans to raise $80 million in a third round of funding by the end of the year, according to VentureWire. It has already raised $30 million from the backers who financed for Think Global’s $60 million second round last year.
Think Global plans to boost production capacity to 10,000 cars by the end of 2009. It already has 1,000 cars on the road in Scandinavian countries. Its cars… Continue Reading
Think Global gets $60M more for practical electric car
Norwegian electric car company Think Global AS, aiming to roll out its first electric vehicles this years, said it has raised $60 million in its second round of financing.
Its the latest electric car company to get significant funding, following Silicon Valley’s Tesla Motors, which is building a high-end, all-electric sports car.
The two companies are partnering, with Tesla providing batteries for the Think, a much smaller, more practical car.
Think has now raised $85 million this year…. Continue Reading