Fisker Said to Target $100 Million in New Funds by March 31
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Fisker Automotive Inc., a maker of plug-in luxury cars, is working to finish at least $100 million of fundraising for a total of about $1 billion of private money by the end of March, according to two people familiar with the matter.
The people declined to be identified because the money raising is still under way. The Anaheim, California-based carmaker, working to remedy a glitch in its Karma sedan, had raised $896 million from private investors as of Feb. 10, according to a U.S. regulatory filing.