Sovereign Wealth Funds look at clean tech venture capital investments
According to Venture Beat, “Fisker Automotive, maker of a luxury plug-in hybrid vehicle called the Karma, has squeezed an additional $3 million out of its private investors, bringing its total capital raised to more than $100 million — a staggering feat considering the state of the credit market. The Irvine, Calif. company raked in $65 million in September but says the recent addition to its third round is just the right amount to put finishing touches on the Karma before it rolls into showrooms.
The $3 million addition came from Quantum Fuel Systems Technologies, Kleiner Perkins Caufield & Byers, Al Gharrafa Investment, Palo Alto Investors and Thomas Lloyd Capital. Qatar Investment Authority joined existing investors in the $65 million tranche in the fall.”
read more: Venture Beat
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