Plug-in hybrid developer Fisker ups funding to USD244m

Thu Jan 12 2012, 17:57 PM
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Plug-in hybrid electric vehicle (PHEV) developer Fisker Automotive has upped the total amount raised in its Series D funding round to USD243.5m, according to a regulatory filing. The Californian firm hopes to secure a further USD56.5m to bring the total raised in the round to USD300m, double the amount it was targeting initially. The funding comprises a mixture of equity and options and comes from undisclosed investors.

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