Two Silicon Valley venture capital firms announced investments in alternative-fuel technologies at the recent auto show in Detroit. Kleiner Perkins Caufield & Byers made a multimillion-dollar second-round investment intended to put the Fisker Karma plug-in hybrid sports sedan into production in 2009, according to the San Jose Mercury News.
Created by Henrik Fisker, the Fisker Karma will cost about $80,000 and use a lithium-ion battery pack to achieve a 600-mile-plus range. The company intends to build “the ultimate eco-chic car, (ones that) marry unparalleled style with environmental consciousness.” Fisker, based in Irvine, hasn’t identified a manufacturing plant or partner for the car.






