There's been a string of bad news for vehicle startups in recent months including Fisker, Think and Next Autoworks. Other than the difficult market for electric cars and the recession, what's something that ties these companies together: funding from Valley firm Kleiner Perkins.
Electric vehicle company Fisker Automotive is in talks to be acquired by Chinese auto companies, a sharp contrast to competitor Tesla Motors. Electric car company Fisker Automotive appears to have found the deep pockets it needs.
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.
Kleiner Perkins Partner Ray Lane received the world's second production Fisker Karma, an extended range electric car, on Tuesday.
Fisker is the latest electric car maker to reach out to Chinese investors and auto tech giants for investment and acquisition. And it's also the latest electric car company to struggle and face a discounted value.