"Fisker Automotive Inc., a U.S. startup planning to sell luxury plug-in hybrid cars, secured a federal loan for as much as US$528.7-million to fund production of its low-emission models."
Investors in closely held Fisker, founded by car designer Fisker, include Kleiner Perkins Caufield & Byers, a Menlo Park, California-based venture capital fund that employs former Vice President Al Gore, and Quantum Fuel Systems Technologies Worldwide Inc. Link
"KPCB has announced an historic alliance with Generation Investment Management and its chairman Al Gore who has become a KPCB Partner. The combined network, expertise, vision and global reach of Gore, Generation and KPCB will help our entrepreneurs change the world."
What others are saying: "Let's see - not only is a Gore-backed company getting hundreds of millions to produce electric cars for the status conscious wealthy, these electric cars won't even be built in America (a non-stimulus stimulus, so to speak). Plus, the electric cars will require more coal-fired plants to be built in order to supply the extra electricity these cars will consume, which happens to result in more net CO2 emissions. Ya gotta love how the corrupt, liberal Democrats always make sure to first take care of the common American worker and the global environment." C3 Headlines
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1 comment:
I wonder how much gas you have to save to pay back a "loan" that big? This must be why former gov't officials are in such demand as has-beens.
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