Production of the Fisker Karma extended-range electric vehicle has begun in Finland and delivery of cars is expected in the United States in April, according to several automotive web sites.
The Karma will reportedly travel 50 miles on a full charge and will have a beginning price at $88,000.
“We’re going to be ramping up very slowly, very carefully to ensure quality. This year we want to get over 7,000 deliveries,” Roger Ormisher, Fisker spokesman said in a press release.
A report by AutoWeek detailed Fisker’s plans to offer an a stock IPO this year, and the Anaheim, California-based company recently secured an additional $150 million in funding.
The new funding will help develop other models, including the Nina sedan, set for manufacturing at a former General Motors plant in Wilmington, Delaware.
The Fisker Karma debuted at the 2008 North American International Auto Show in Detroit. Its original launch was delayed and the company was sued in 2008 by Telsa for technology theft. The suit was settled, with Fisker winning and Tesla required to pay legal fees of more than $1 million, according to Wikipedia.