Fisker finds funding

Getting a new car on the road in these tough automotive times has to be an ordeal, but Fisker seems to be doing just fine. Finding venture capital for an all electric car with an $87,900 starting price tag means bringing in people with deep pockets, but Fisker has done that again.

On the heels of the news that the start up has signed 30 dealers to sell the car Fisker Automotive has recently announced that they’ve procured another $85 million in a fourth round of venture capital funding. Some of the money will come from Kleiner Perkins Caufield and Byers,  and the New York-based Eco-Drive Partners LLC, a European-American investment consortium.

CEO Henrik Fisker said he was proud to have Eco-Drive on board and that, “This investment is a strong endorsement of our business model and future product offerings in a challenging business environment.” Those future product offerings include the Karma and the Karma S convertable.

It seems that as established automakers like GM and Chrysler are on their last legs, but a new breed of start ups like Fisker, Tesla and Venturi are in position to take their place. What remains to be seen is if the auto buying public reaches into their bank accounts to purchase these new EV’s or if initial interest is just amoung the rich.