Fisker Automotive Raises $85 Million More in Venture Capital for Karma Plug-In Hybrid

"This Car has Good Karma
Fisker Automotive is getting closer to launching the Karma plug-in hybrid, a car with a powertrain that works on a principle similar to the GM Volt: It's 100% electric for the first 50 miles, and after that a gasoline engine kicks in to recharge the battery (but the gas engine never directly powers the wheels). But to get to full production, it needs money, which is why it raised an extra $85 million in venture capital from New York-based Eco-Drive (Capital) Partners LLC, a European-American investment consortium, and Kleiner Perkins Caufield and Byers, an early investor in Fisker."
TreeHugger


"Q-DRIVE: POWERFUL TECHNOLOGY

Exclusive to Fisker Automotive, Q-DRIVE® provides the best combination of power, efficiency and low emissions. The system is comprised of two 201hp electric motors powered by an advanced lithium-ion technology battery pack. A generator attached to a turbocharged 2.0-liter Ecotec® direct injection (D1) gasoline engine provides extended range capabilities."
RedChip

And if Obama gets his way, it will pay back for the extra cash in gas savings, in like six weeks.