Fisker says it has raised $174m of private investment so far this year
Electric vehicle manufacturer Fisker says its revenues have exceeded $100million in the first four months of this year.
The company, which began deliveries of its Fisker Karma four-door electric saloon in December 2011, also revealed that it has so far dispatched 1000 vehicles to customers in the US and Europe.
Fisker released details of its performance in a business update. Significantly, the company claims it has shored up its finances, raising $174m of private equity investment since the start of the year to fund its expansion plans.
Those plans had been put on hold following the suspension of a $529 million loan that had been offered by the US Energy Department from a fund intended to accelerate growth of companies building alternatively powered cars.
Tom LaSorda, Fisker’s chief executive, said: “We are encouraged by solid demand for the Karma. Pending completion of investment sourcing, we are poised to press ahead with further market expansion and development of our higher volume model, the Fisker Atlantic.”
Fisker is eyeing further expansion into new territories, including the Middle East. Earlier this month, Fisker signed an exclusive agreement with the Al-Futtaim Group, an automotive distributor in the Middle East, to build Fisker’s sales presence in the United Arab Emirates, Saudi Arabia, Qatar, Oman, Bahrain, and Egypt.