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Hybrid propulsion or not, wunder-designer Henrik Fisker couldn't have picked a worse time be to starting a new car company...especially in the United States. Fisker has been adamant that his company will get off the ground and begin production of its much-hyped Karma electric sedan and S convertible, but without the capital invested, speculation was that his efforts could run out of steam prematurely. However, Automotive News is reporting that the upstart automaker has received a healthy cash injection of $85 million to help get production started.

The funds come from two investors: Kleiner Perkins Caufield & Byers, which was one of the first financial firms to invest in Fisker's enterprise, and a new investor Eco-Drive Capital Partners LLC. Will it be enough to get the Karma out on the street? Eighty-five mil is a big hunk of cash, but as any Detroit veteran could tell you, big money has a habit of running out fast in this business, and it generally takes hundreds of millions of dollars to launch new models.

[Source: Automotive News]

Running television ads. Taking orders. And now, setting up a network of dealerships. Fisker Automotive is starting to act like a real car company.

The company announced today that it has signed up its first group of 32 retailers. These outlets will be located in 17 states – Alabama, California, Colorado, Florida, Illinois, Maryland, Michigan, Minnesota, New Jersey, New York, Ohio, Oregon, Pennsylvania, Texas, Washington, Virginia, and Wisconsin – and one Canadian Province, British Columbia (see the full list after the jump). But Fisker isn't stopping there - the company hopes to have at least 40 dealers in the U.S. signed up by June. Deliveries of the $87,900 plug-in hybrid Karma should begin at the end of this year, and Fisker hopes to sell 15,000 units a year once they get up to full production.

Like the luxury PHEVs themselves, Fisker vows that their showrooms will make efforts to be eco-friendly, with natural and sustainable materials used throughout, and a solar-powered carport available.

[Source: Fisker]

Fisker is out to prove that green cars don't have to be boring with its extended-range plug-in hybrid Karma, available in both sedan and retractable hardtop variants. Potential buyers have already placed over 1,300 orders for the four-door model and now we hear that the burgeoning automaker is accepting deposits of $25,000 for the Karma S drop-top. Those placing orders early are being told they can expect a delivery date in late 2011.

Both Karma models come equipped with lithium ion battery packs that can provide gasoline-free travel for up to 50 miles, after which a GM-sourced 2.0-liter turbocharged and direct injected Energizer Bunny powerplant will kick in to recharge the battery. There's reportedly enough juice to power twin electric motors that offer over 400 horsepower to the rear wheels, which is sufficient to push the electric stunner to 60 in under six seconds and up to a top speed of over 125 mph.


[Source: eGMCarTech]

Just after showing off the the production intent version of the Karma plug-in hybrid sport sedan, designer Henrik Fisker had his models pull the cover off a new concept: the Karma S. The Karma S takes the drivetrain and platform and loses two doors and the roof. The Sunset has a retractable hardtop over its four seats and, as usual in such configurations, the rear seating area loses out. Thankfully, the top folds into fairly compact pieces, so the Karma S doesn't suffer from long deck syndrome. Under the hood sits a GM 2.0L turbocharged and direct-injected EcoTec four-cylinder with 260 hp driving a generator to keep the car going after its 50-mile battery range has been depleted. Out back a pair of electric motors drive the rear wheels with 400 hp courtesy of the lithium-ion battery. If Fisker lasts long enough, the Karma S should be out in 2011.