Fisker planning six new vehicles, considers issuing IPO

Article by Christian A., on October 11, 2010

Fisker’s goal to be a company that only makes plug-in hybrid vehicles is highly ambitious, especially when you consider that the company has yet to sell a single model. To fund its plan to offer a range of six vehicles in the next five years, Fisker is considering issuing a stock IPO after the launch of the new Karma.

Recently, the first Karma plug-in hybrid luxury sedan produced at the Valmet plant in Finland was displayed at the 2010 Paris Auto Show. In an interview with the Financial Times, Fisker CEO Henrik Fisker said the company has several more models in the pipeline.

Of course, this requires hundreds of millions of dollars to accomplish. Fisker may soon emulate Tesla, which was able to earn $226 million from its own IPO earlier this year.

With these high funding requirements, Fisker might soon become a public company as well. These funding would be in addition to the $300 million that Fisker already raised from private investors, as well as $529 million in low-interest loans from the US Department of Energy.

If Fisker’s plan goes smoothly, it will be able to launch a more affordable model named the Nini in 2012, as well as two other models slotted underneath the Karma.

Fisker is also working on a convertible version of the Karma and a possible sports car model to compete with the Tesla Roadster. Fisker estimates that about 15,000 Karma cars will be produced each year, half of which will be offered in Europe. Priced from $87,900 in the US, the Karma is expected to go on sale in March 2011. [via MotorAuthority]

Topics: fisker, ipo

If you liked the article, share on:

Comments

Recommended

While Tesla Motors continues to struggle with regards to the assembly of its much awaited Tesla Model 3, investment firm Oppenheimer & Co. is confident that its previous production estimates...
by - October 22, 2017
It seems that BMW’s high-performance division -- BMW M – still has not warmed up to front-wheel drive vehicles. So those who had been looking forward to BMW M vehicles...
by - October 22, 2017
Porsche already has the Performance Package for their range-topping Macan Turbo, which is currently available in some countries. Soon, this model will be dethroned by something even fancier by the...
by - October 22, 2017
After the highly dynamic Polestar 1 two-door coupe – Polestar’s first ever production car -- was recently unveiled, not a few people’s curiosity was piqued as to how much they...
by - October 21, 2017
The BMW 7 Series is already highly sought after but nonetheless, the German marque is giving it a more exclusive variant for the Russian market, and they are calling it...
by - October 20, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries