In its latest round of investments, Fisker Automotive managed to get $85 million in venture capital for the development and manufacture of its plug-in hybrid vehicles. The company’s first production car, the 2010 Fisker Karma, is expected to roll out of the factory and onto the street in late 2009 with a price tag near $90,000 — before tax credits.
The wads and wads of cash come from Eco-Drive (Capital) Partners of New York, which is an investment consortium with members from the U.S. and Europe, and from early Fisker investor Kleiner Perkins Caufield and Byers.
Company founder and CEO Henrik Fisker will take part in the Fortune Brainstorm Green Conference in Laguna Niguel, California, this week. The symposium will include keynote speaker President Bill Clinton and the “Future of Cars” panel, which is where Fisker will share his ideas on the autos to come, along with Ford Executive Chairman Bill Ford Jr. and Ford CEO Alan Mulally.