Fisker Generates $100 Million in Revenue for 1st Quarter

FiskerFiskerUnited States of America, 2007 > present5 models
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has reported its first ever full quarterly earnings since it launched the KarmaFisker KarmaUnited States of America, 2009 > present2 versions
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in December 2011. In its first quarter as an automaker, Fisker made $100 million in revenue and delivered 1000 cars in the US and Europe. 

“We are encouraged by solid demand for the Karma, our unique extended-range luxury model. 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," said Fisker CEO Tom LaSorda. 

Fisker also raised $174 million in private financing during the quarter. 

“We are encouraged by solid demand for the Karma, our unique extended-range luxury model. 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," said executive chairman Henrik Fisker.

Fisker is also expanding sales to the Middle East where it will be sold in the United Arab Emirates, Saudi Arabia, Qatar, Oman, Bahrain and Egypt.