Karma will ship a updated version of its small puck-like hotspot that works with LTE. Previously, Karma hotspots tapped into Sprint’s WiMAX network.
We bring you the behind the scenes story of how electric car startup Fisker Automotive spent over a billion dollars, took down a government loan and ultimately delivered about 2,000 cars, a small fraction of what it originally promised.
Fisker doesn’t seem to have nailed an investment partner or acquirer after months of discussions, so is now cutting costs and has placed its U.S. workers on temporary unpaid leave.
In contrast to the bulk of the electric car companies and vendors out there, Tesla actually reaches its planned production run rate of its Model S electric car. This is its path to profitability and mainstream auto status.
Electric car maker Fisker Automotive has managed to raise $100 million of its planned $150 million round, bringing the company’s funds to a eye brow raising $1.2 billion. Advanced Equities led the fund raise.
Updated: Electric car startup Fisker Automotive pushed its long-delayed inaugural electric car to market before it was market-ready in order to try to meet government milestones, according to a former Fisker employee that left the company.
A new app from the founders of Tapjoy is emerging to combine mobile and social commerce on iOS and Android devices. The app, called Karma, makes gifting to friends a breeze, by integrating with a user’s social graph on Facebook and suggesting gifts for them.
How likely is it that electric car company Fisker Automotive will be able to draw down on the remaining $339 million of its Department of Energy loan? According to one analyst, not likely.
It’s now clear that the delays for Fisker’s electric car the Karma have veered the company off track. But just how far is Fisker from its original goals?
Updated. Electric car maker Fisker Automotive issued its second recall of its inaugural car the Karma, this time due to a software malfunction that affected its entertainment and navigation systems, reports Hybridcars. Fisker will also temporarily halt sales of the Karma until the problem is fixed.