Fisker Raises $100 Million In Advance Of Vehicle Sales

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]