Ray Lane: Fisker to Make Major Announcement About $39K Plug-In Hybrid

38 Comments

fiskerkarmaKleiner Perkins investor, and former President of Oracle (s ORCL), 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.

38 Comments

David T

Fisker is great but he could not move far on the road. It needs more game changers together to make real diferences. Could charge car shorter than an half hour? As matter of fact, someones have somethings on hands already in finding funds.

Carla Leweis

(Please freely repost this)

This funding for the car companies was all “pay to play”, insider, self-dealing. The companies that were turned down had the exact same things in common:
1. They did not pay hundreds of thousands to buy influence.
2. They did not make campaign contributions.
3. Each of the reasons they were told they were turned down were violated with each of the companies that did get money.
4. They were doing all of the work in the U.S. unlike those who did get the money.
5. They had a car design and those who got the money were “thinking about doing a car design”.
6. You could not draw a line from them to a politician or a person who made money or political gain unlike those who did get the money.

It was a crooked set of deals and the regulatory, law enforcement and voters need to make some noise about this.

Josh Potter

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.

TommyTexas

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.

Josh Potter

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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