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EX:Shadow/Canyon #324
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Discussion Starter #1
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.
 

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EX:Shadow/Canyon #324
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1,217 Posts
Discussion Starter #2
They have closed an additional $110M this week, bringing the total investment thus far in the Series D round to $243M.

http://www.sec.gov/Archives/edgar/data/1490746/000149074612000001/xslFormDX01/primary_doc.xml

The total equity investment in Fisker Automotive is now $876M plus the $529M loan from the Feds.
 
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