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Fisker Automotive Raises Further $100 Million Ahead of Retail Sales Start

Fisker Automotive Inc., a maker of luxury plug-in hybrid sports cars, is raising an additional $100 million as the startup company prepares to deliver its first production vehicles to retail customers.

Fisker disclosed the additional funds today in a filing with the U.S. Securities and Exchange Commission, without identifying the investors. The company, based in Irvine, California, completed a $190 million financing round in March.

The company, founded by auto designer Henrik Fisker, began making the $88,000 rechargeable Karma sports car in March at Valmet Automotive Oy’s plant in Uusikaupunki, Finland. Full production of the vehicle, capable of traveling 50 miles solely on electricity before a gasoline engines powers the wheels, is set to begin after the first 3,000 customers receive their cars.

Roger Ormisher, a company spokesman, didn’t immediately return a call seeking comment.

To contact the reporter on this story: Alan Ohnsman in Los Angeles at aohnsman@bloomberg.net

To contact the editor responsible for this story: Kae Inoue at kinoue@bloomberg.net

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