Advertisement

Fisker Considering Issuing IPO To Fund Six Car Lineup

Follow Viknesh

Production of the Fisker Karma plug-in hybrid luxury sedan has just kicked off at the Valmet plant in Finland, with the first car off the line being shown recently at the 2010 Paris Auto Show, but there’s already talk about several other models in the pipeline and possibly an IPO issue.

Speaking with the Financial Times, Fisker CEO Henrik Fisker said: "We want to create a car company that only makes plug-in hybrid vehicles. We're going to have a range of six vehicles in the next five years." But to fund that kind of development would take hundreds of millions of dollars, a huge ask for a company that hasn’t even sold a single model yet.

That’s why Fisker is considering issuing a stock IPO after the launch of the new Karma. Following in the footsteps of Tesla, which managed to earn a handy $226 million from its own IPO earlier this year, Fisker could soon become a public company as well. Any funding would be in addition to the $300 million already raised by Fisker from private investors, as well as $529 million in low-interest loans from the U.S. Department of Energy.

If all goes to plan, Fisker will launch a more affordable model dubbed the Nini in 2012, as well as two other models positioned below the Karma. Also in the works is a convertible version of the Karma and a possible sports car model to rival the Tesla Roadster. 

Annual production of the Fisker Karma is anticipated to reach 15,000 cars, with half of these expected to be sold in Europe. Pricing for the Karma in the U.S. should start around the $87,900 mark when it goes on sale in March 2011.

[Financial Times, sub req’d]
Advertisement
 
Follow Us

 

Have an opinion?

  • Posting indicates you have read this site's Privacy Policy and Terms of Use
  • Notify me when there are more comments
 

Have an opinion? Join the conversation!

Advertisement
Advertisement

Take Us With You!

 

Get FREE Dealer Quotes

From dealers near you
Go!
Advertisement

Research New Cars

Go!

Related Used Listings

Browse used listings in your area.

 
© 2014 MotorAuthority. All Rights Reserved. MotorAuthority is published by High Gear Media. Stock photography by izmo, Inc. Send us feedback.