Fisker Automotive will make a $39,000 plug-in hybrid, according to a report on Earth2Tech.com. Ray Lane, managing partner at venture capital firm Kleiner Perkins, which invested in Fisker, said the start-up carmaker will make the official announcement in the next week or two.
Lane was speaking at the AlwaysOn Going Green conference in Sausalito, Calif. on Tuesday. The Fisker Karma, the company’s first vehicle, is an $87,000 plug-in hybrid. It will go on sale later this year. Lane said the less expensive future model is for people “who would not want to buy a Fisker Karma if you could afford it.”
Fisker Automotive, which has already raised about $100 million since its founding in 2007, would need additional funds to build an auto factory and produce a cheaper plug-in hybrid in volume.