Blog Post

Fisker indeed raising another $150M

Last month it was reported that electric car startup Fisker Automotive was in the process of raising $200 million at a valuation of $2.2 billion. Well, here’s the SEC filing to back that fundraising up. According to the SEC filing, Fisker is raising another $150 million in equity, and has closed on $25 million of that.

Along with long-time Fisker investors Kleiner Perkin’s Ray Lane and NEA’s Scott Sandell, and board members former Daimler exec Hans Joachim Schopf and Barry Huff, the filing lists Timothy Shriver  and Mindy Grossman as directors. Before this round, Fisker had already raised $1.1 billion in equity, loans and grants. Fortune’s Dan Primack reported last month that this round is being marketed as a “pre-IPO” round, and that Advanced Equities is Fisker’s largest shareholder with 14.61 percent, and Kleiner Perkins holds 12.61 percent.

While Fisker delivered its first plug-in electric sports cars, the Karma, to customers in July, the cars don’t yet have federal certification for emissions regulations, so Fisker is again delaying delivering more cars. Fisker Director, Global Comms & PR, Roger Ormisher, told me last week that:

“Cars are being shipped now from Finland, and we anticipate having certification at the end of this month. Deliveries are scheduled to happen to both dealers and customers in both the US and Europe in October.”

Despite the delay on the Karma, Fisker is already talking about its second car, Project Nina, which will come with engines and other parts by auto giant BMW. Fisker says it plans to start assembling Project Nina in its Wilmington, Del., plant at the end of 2012, with sales beginning in 2013.