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Summary:

Kleiner Perkins investor, and former President of Oracle, Ray Lane, said that electric vehicle maker startup Fisker is gearing up to make a major announcement about a $39,000 plug-in hybrid vehicle later this week or next week. The venture capitalist, whose firm funded Fisker, let the […]

fiskerkarmaKleiner Perkins investor, and former President of Oracle, Ray Lane, said that electric vehicle maker startup Fisker is gearing up to make a major announcement about a $39,000 plug-in hybrid vehicle later this week or next week. The venture capitalist, whose firm funded Fisker, let the news slip at the AlwaysOn Going Green conference in Sausalito, Calif. on Tuesday. Fisker has already developed its inaugural plug-in car the Karma, which will be sold for $87,900, but as Lane put it on the panel “who would not want to buy a Fisker Karma if you could afford it.”

Does that mean that Fisker has received a Department of Energy loan? In March, Henrik Fisker, founder and CEO of the Irvine, Calif.-based company, said that Fisker plans to refurbish a factory in the U.S. and develop a lower-cost plug-in hybrid car than its $87,900 Fisker Karma if DOE loans come through. Back then Fisker did not specify how much money the company requested, but said “If we get the DOE loan we will start the project this year. . . It could be in the market in as little as 26 months from when we start.”

Fisker Automotive has raised some $100 million since its founding in 2007, but, like Tesla, needs much more to build an auto factory and produce a cheaper plug-in at scale. Competitor Tesla received a DOE $465 million loan in June.

  1. I have been involved with Fisker for quite some time and I am certain they will be a game changer. There is going to be many big things this company will achieve. The car is great but the business model and management team is perfect. This will be the phev car to own for people making over 100k. They only need a fraction of the market share.

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    1. 100k? The car will cost around $30k after the $7500 tax credit so the monthly payment will be around $400. That’s affordable for a majority of Americans.

      I’d like to hear specifics of the vehicle before I pass judgment but if it can go more than 30 freeway miles using electricity alone then it will be a hit.

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      1. Tommy,
        the care will be able to drive 50 miles on eleectric and then a gas engine turns on to power the car while re-charging the battery.

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  2. [...] Automotive will make a $39,000 plug-in hybrid, according to a report on Earth2Tech.com. Ray Lane, managing partner at venture capital firm Kleiner Perkins, which invested in Fisker, said [...]

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  3. [...] to a report from earth2tech, Ray Lane, an investor with Kleiner Perkins, has let slip news that Fisker is developing a new [...]

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  4. [...] battle with the likes of the Chevy Volt. Thanks for the tip, Jon! Gallery: Fisker Karma [Source: earth2tech]REPORT: Fisker developing $39,000 plug-in hybrid originally appeared on Autoblog on Tue, 15 Sep [...]

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  5. [...] Daily, Fisker Fisker Karma – Click above for high-res image gallery According to a report from earth2tech, Ray Lane, an investor with Kleiner Perkins, has let slip news that Fisker is developing a new [...]

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  6. [...] battle with the likes of the Chevy Volt. Thanks for the tip, Jon! Gallery: Fisker Karma [Source: earth2tech]REPORT: Fisker developing $39,000 plug-in hybrid originally appeared on Autoblog on Tue, 15 Sep [...]

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