USA: Fisker marks 1,000 Karma sales milestone

29 May 2012 | News | Source: Tony Lewis

Fisker Automotive, the California-based manufacturer of extended range EVs, issued its first business update on Tuesday noting that revenues had exceeded USD100m in the first four months of 2012 and it had delivered 1,000 Karma saloons to customers in the US and Europe. The Karma went on sale in December 2011.

Tom LaSorda, Fisker's CEO, said in a statement: "We are encouraged by solid demand for the Karma. Pending completion of investment sourcing, we are poised to press ahead with further market expansion and development of our higher volume model, the Fisker Atlantic."

Fisker has secured USD174m in additional private equity funding this year, taking the total to more than USD1bn since the start of the company in 2007.

Executive chairman Henrik Fisker said that there was "great confidence" in what the company had achieved. "Treading a new path in any industry is never easy, but we have set out to re-define and re-shape the way the world thinks about cars, and I am proud of what the Fisker team has achieved so far."

The company said that it is now looking to expand its global footprint; earlier this month it signed an agreement with the Al-Futtaim Group, a Middle East automotive distributor, to build Fisker's sales presence to reach customers in the U.A.E, Saudi Arabia, Qatar, Oman, Bahrain, and Egypt.