Fisker zooms ahead with $85 million for battery-powered car

Fisker Automotive, maker of the jaw-dropping battery-powered Karma sports car (see above), announced that it’s landed $85 million in venture capital to begin production. The money came from Eco-Drive Capital Partners and Kleiner Perkins Caufield & Byers. The Irvine, Calif. company has now raised more than $100 million for its vehicle, expected to sell for a little less than Tesla’s comparable roadster, at $87,900 a pop. It says it’s already fielded 1,300 reservations for the Karma, which is expected to roll into showrooms by late 2010.

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For more on Fisker, this news and what it might mean for competitor Tesla (hint: it ain’t good), check out coverage at The Business Insider.