Fisker and Karma raise millions of dollars following wave of Tesla optimism | The Verge

Fisker_Ocean_Unveil_CES_and_Los_Angeles.0 Fisker and Karma raise millions of dollars following wave of Tesla optimism | The VergeImage: Fisker Inc.

Fisker Inc. and Karma Automotive, two electric vehicle startups with a long shared history, each announced this week that they’ve raised millions of dollars. Fisker has taken in $50 million of fresh capital from “hedge fund king” Louis Bacon and Karma Automotive has raised $100 million from undisclosed “outside investors.”

The money comes at a time when there appears to be renewed interest in funding money-hungry electric vehicle startups, thanks in large part to Tesla’s skyrocketing stock price and the early success of hydrogen trucking company Nikola’s recent public listing.

In fact, Fisker Inc. is considering following in Nikola’s footsteps and becoming a…

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