{"id":184259,"date":"2010-01-15T14:20:19","date_gmt":"2010-01-15T19:20:19","guid":{"rendered":"http:\/\/greenenergyreporter.com\/?p=5598"},"modified":"2010-01-15T14:20:19","modified_gmt":"2010-01-15T19:20:19","slug":"a123-systems-invests-23-million-for-stake-in-green-car-maker-fisker-karma","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/184259","title":{"rendered":"A123 Systems Invests $23 Million For Stake in Green Car Maker Fisker Karma"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/cleantech.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Cleantech\" \/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Funding\" \/><\/p>\n<p><a href=\"http:\/\/greenenergyreporter.com\/wp-content\/uploads\/2010\/01\/a123.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-5599\" title=\"a123\" src=\"http:\/\/greenenergyreporter.com\/wp-content\/uploads\/2010\/01\/a123.gif\" alt=\"\" width=\"100\" height=\"102\" \/><\/a>A123 Systems, the maker of Lithium-ion batteries, will supply power packs for the Fisker Karma, a rechargeable luxury car set to launch later this year.<\/p>\n<p>A123 has also committed to invest $23 million as part of an ongoing funding round for Fisker Automotive, the company developing the Karma.<span id=\"more-5598\"><\/span><\/p>\n<p>The Boston-based battery developer steps in as a second choice for Los Angeles-based Fisker, which until Wednesday had been in talks with\u00a0EnerDel to develop its automobiles\u2019\u00a0batteries.<\/p>\n<p>Talks between Fisker and EnerDel broke off, according to Fisker founder\u00a0and Chief Executive Henrik Fisker, because EnerDel was unable to meet the automaker\u2019s production schedule for its Karma model, reports <a href=\"http:\/\/www.pehub.com\/61013\/a123-takes-stake-in-fisker-automotive\/\" >Reuters via PeHUB<\/a>.<\/p>\n<p>For A123 this is a market-creating deal, as it will gives it the annual ability to supply batteries for about 24,000 plug-in hybrids.\u00a0<a href=\"http:\/\/greenenergyreporter.com\/2009\/12\/a123-stocks-soars-but-will-its-new-deal-deliver\/#more-5143\" >Last December <\/a>the company was also awarded a contract to supply battery systems for China&#8217;s SAIC Motor Form.<\/p>\n<p>Last year Fisker scored a $528 million federal loan guarantee to help fund its expansion plans. As a condition of receiving that money, Fisker has been raising additional equity from investors.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/GreenEnergyReporter\/~4\/bnRQUZv9leU\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A123 Systems, the maker of Lithium-ion batteries, will supply power packs for the Fisker Karma, a rechargeable luxury car set to launch later this year. A123 has also committed to invest $23 million as part of an ongoing funding round for Fisker Automotive, the company developing the Karma. The Boston-based battery developer steps in as [&hellip;]<\/p>\n","protected":false},"author":2814,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-184259","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/184259","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2814"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=184259"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/184259\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=184259"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=184259"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=184259"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}