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Friday, May 22, 2026

Fisker Raises More Money, now at $94M

Irvine-based Fisker Automotive Inc., the maker of hybrid electric sports cars, has raised $3.5 million, bringing its total raised to $94 million.

The company raised the money in a third round of funding, according to PEHub.com, an investment site run by Thomson Reuters PLC.

The Web site said according to a regulatory filing the company has managed to raise $94 million, up 45% from the $65 million last fall.

Backers include Menlo Park-based Kleiner Perkins Caufield & Byers, Palo Alto-based Palo Alto Investors and the Persian Gulf’s Al Ghaffara Investment Co.

Fisker is developing an upscale sedan, the Karma, and a sports car, the Sunset, which run off a combination electric and rechargeable battery engine developed with Irvine-based Quantum Fuel Systems Technologies Worldwide Inc.

The cars are due out next year and are set to sell for $87,500 to $120,000, with delivery of the first of its 15,000 cars in the U.S. expected by the end of the year.

Fisker also is contemplating creating a lower-cost small plug in, if it gets a loan the company has applied for with the Department of Energym according to Reuters.

The company plans to build a family-oriented version of the Karma before going forward with the cheaper small car, Reuters said.

Fisker recently brought Victor Doolan, formerly of the North American head of Ford’s Volvo Cars of North America LLC, as the director of retail development and a board member who has been setting the company’s dealer network.

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