(May 15, 2011) LOS ANGELES — Fisker Automotive, 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 last week in a filing with the U.S. Securities and Exchange Commission, without identifying the investors. The company, based in Irvine, Calif., 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.



Source: Bloomberg News