High-end electric car company Fisker gets a $65M boost

[dpeilow]

High-end electric car company Fisker gets a $65M boost VentureBeat

 

[graham]

More information on the Fisker funding, and talk of how the Middle East is investing in the new plug in market
The Cutting Edge News

Recently, an affiliate of the Qatar Investment Authority (QIA), a state-owned and funded sovereign wealth fund, led a $65 million financing round for Fisker Automotive Inc.
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QIA is hardly the only petrodollar in the field. Al Yousuf, LLC., a Middle East investment house and trading group based in Dubai, has since last March financed two alternative vehicles companies, the Ontario-based Phoenix Motorcars and Zap Inc., an electric car company, in Santa Barbara, CA. Yousuf, in anticipation of the key role Lithium batteries will play in the electric car industry, also invested in the Nevada-based lithium ion battery maker Altair Nanotechnologies Inc.

 

[DDB]

More information on the Fisker funding, and talk of how the Middle East is investing in the new plug in market
The Cutting Edge News

A little ironic. But ME investors seem to have the capital right now. One of these days...