Fisker Automotive Receives Major Investment From Kleiner Perkins Caufield & Byers

Investment Comes on Eve of Unveil of First Fisker Production Car at the

North American International Auto Show

Jan 14, 2008, 00:00 ET from Fisker Automotive, Inc.

    IRVINE, Calif., Jan. 14 /PRNewswire/ -- Fisker Automotive, Inc., a
 green American premium sports car company, today announced that the company
 has received a second round of venture capital funding from Kleiner Perkins
 Caufield & Byers. The multi-million dollar investment builds on the
 original venture capital funding from Palo Alto Investors. This
 announcement marks yet another significant investment in viable green
 technologies from the fund that recently welcomed Former Vice President Al
 Gore as a partner.
     (Logo: )
     "Kleiner Perkins is a leader at identifying businesses that make sense
 for both the environment and investors," said Henrik Fisker, CEO, Fisker
 Automotive, Inc. "We are thrilled to have them as a partner as we look to
 lead the future of the automotive industry."
     Fisker Automotive will offer a range of environmentally friendly
 premium cars -- with the first production car making its Worldwide North
 American debut at the 2008 North American International Auto Show. All
 models will feature cutting-edge plug-in hybrid technology penned as Q
 DRIVE, developed by Quantum Technologies (QTWW) exclusively for Fisker
 Automotive. This Q DRIVE design will offer consumers the ability to drive
 emission free for up to 50 miles a day provided the car is charged every
 evening. With more than 60% of Americans and Europeans currently driving
 less than 50 miles on their daily commute, driving a Fisker plug-in hybrid
 could see the fastest possible reduction both in oil consumption and
     "Kleiner Perkins Caufield & Byers are committed to investing in
 innovative companies that make financial and environmental sense," said Ray
 Lane, Managing Partner, Kleiner Perkins Caufield & Byers. "We believe that
 Fisker Automotive's groundbreaking, forward-thinking design stands to pave
 the way for a greener and more efficient future."
     About Fisker Automotive, Inc.
     Fisker Automotive is a privately owned car company with Henrik Fisker
 serving as the CEO. Fisker Coachbuild, LLC will be the exclusive design
 house for Fisker Automotive through the entire range of product
 development. Additional executive team members include Vic Doolan, Board
 Member FA & Director of Retail Development; Alan Niedzwiecki, CEO Quantum
 Technologies & Board Member FA; Bernhard Koehler, COO; Thomas Fritz,
 Director of Engineering; and production design by Alex Klatt, formerly of
 BMW and Mark Clarke formerly of Porsche. This experienced team will help
 Fisker Automotive lead the future and redefine automotive design by
 creating the ultimate eco-chic car -- cars that marry unparalleled style
 with environmental consciousness.
     Fisker Automotive will offer its range of cars worldwide with first
 deliveries starting in North America in the 4th quarter of 2009.
     ThomasLloyd Capital LLC has been retained to arrange funding for Fisker
Inquiries: Telephone: 714-888-4255 Fax: 714-888-4256

SOURCE Fisker Automotive, Inc.