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http://www.bloomberg.com/news/2011-12-20/fisker-automotive-expands-latest-financing-round-to-133-million.html?cmpid=yhoo
Fisker did a second close on their current funding round, bringing the total raised in this round to $133M. They also doubled the maximum size of the round to $300M from $150M.
Two points:
1) It takes a LOT of capital to fund a startup car company
2) Even with the delays, price increases, changing specs, etc., Fisker still looks attractive to investors. Tesla is still losing money hand over fist, but it enjoys a market cap of almost $3B.
Fisker did a second close on their current funding round, bringing the total raised in this round to $133M. They also doubled the maximum size of the round to $300M from $150M.
Two points:
1) It takes a LOT of capital to fund a startup car company
2) Even with the delays, price increases, changing specs, etc., Fisker still looks attractive to investors. Tesla is still losing money hand over fist, but it enjoys a market cap of almost $3B.
