Investment Comes on Eve of Unveil of First Fisker Production Car at the
North American International Auto Show
IRVINE, Calif., Jan. 14 /PRNewswire/ -- Fisker Automotive, Inc., a
green American premium sports car company, today announced that the company
has received a second round of venture capital funding from Kleiner Perkins
Caufield & Byers. The multi-million dollar investment builds on the
original venture capital funding from Palo Alto Investors. This
announcement marks yet another significant investment in viable green
technologies from the fund that recently welcomed Former Vice President Al
Gore as a partner.
(Logo: http://www.newscom.com/cgi-bin/prnh/20070905/LAW009LOGO )
"Kleiner Perkins is a leader at identifying businesses that make sense
for both the environment and investors," said Henrik Fisker, CEO, Fisker
Automotive, Inc. "We are thrilled to have them as a partner as we look to
lead the future of the automotive industry."
Fisker Automotive will offer a range of environmentally friendly
premium cars -- with the first production car making its Worldwide North
American debut at the 2008 North American International Auto Show. All
models will feature cutting-edge plug-in hybrid technology penned as Q
DRIVE, developed by Quantum Technologies (QTWW) exclusively for Fisker
Automotive. This Q DRIVE design will offer consumers the ability to drive
emission free for up to 50 miles a day provided the car is charged every
evening. With more than 60% of Americans and Europeans currently driving
less than 50 miles on their daily commute, driving a Fisker plug-in hybrid
could see the fastest possible reduction both in oil consumption and
emissions
"Kleiner Perkins Caufield & Byers are committed to investing in
innovative companies that make financial and environmental sense," said Ray
Lane, Managing Partner, Kleiner Perkins Caufield & Byers. "We believe that
Fisker Automotive's groundbreaking, forward-thinking design stands to pave
the way for a greener and more efficient future."
About Fisker Automotive, Inc.
Fisker Automotive is a privately owned car company with Henrik Fisker
serving as the CEO. Fisker Coachbuild, LLC will be the exclusive design
house for Fisker Automotive through the entire range of product
development. Additional executive team members include Vic Doolan, Board
Member FA & Director of Retail Development; Alan Niedzwiecki, CEO Quantum
Technologies & Board Member FA; Bernhard Koehler, COO; Thomas Fritz,
Director of Engineering; and production design by Alex Klatt, formerly of
BMW and Mark Clarke formerly of Porsche. This experienced team will help
Fisker Automotive lead the future and redefine automotive design by
creating the ultimate eco-chic car -- cars that marry unparalleled style
with environmental consciousness.
Fisker Automotive will offer its range of cars worldwide with first
deliveries starting in North America in the 4th quarter of 2009.
ThomasLloyd Capital LLC has been retained to arrange funding for Fisker
Automotive.
Inquiries:
Telephone: 714-888-4255
Fax: 714-888-4256
info@fiskerautomotive.com
http://www.fiskerautomotive.com
SOURCE Fisker Automotive, Inc.
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Related links:
http://www.fiskerautomotive.com
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20070905/LAW009LOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Fisker Automotive, Inc., +1-714-888-4255,
fax, +1-714-888-4256, info@fiskerautomotive.com
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