Fisker Automotive, Inc.
From Taighde
Fisker Automotive, Inc. is a American premium sports car company. The Qatar Investment Authority invested up to $65 million in a Series C financing round. Existing investors Palo Alto Investors and Kleiner Perkins Caufield & Byers also participated. It is not known how much each investor invested. The funding was completed on September 4, 2008.
This appears to be the first private equity deals the QIA has made.
The investment that the QIA made will be used to produce a new electric vehicle onto the market by the end of 2009. The company hopes to produce 15,000 a year.
