The electric car market is about to get a huge boost as Fisker announced that they will be soon raising $200 million at a $2.2 valuation! The company is relatively new to the scene and can be somewhat compared to Tesla; however, they are far more focused on outsourcing key components rather than producing everything in-house themselves. This means a more cost-effective operation. If all goes well with raising funds, the company will go full force with a high-end luxury electric vehicle. It is slated to be named the Fisker Karma, which may become the most exciting luxury electric car on the market.

Additionally, Fisker is working to develop an affordable electric car. It will be a plug-in hybrid sedan – the N-1. It will most likely retail between $35,000 and $50,000, while the pricey Karma will retail at about $96,000.This is a win-win for both those looking for an everyday car and those looking for something elegant and flashy.

With growing concerns over gasoline prices and the overconsumption of oil, there many pro electric car advocates have been frustrated with the slow switchover from gas guzzlers to new technologies. It is quite fascinating that Tesla’s founder pled with major car manufacturers to take his technology and run with it. Instead, he found funding on his own and now produces only 15,000 electric cars a year, rather than hundreds of thousands. It may very well be that one day Tesla and Fisker will become major players in the car industry!

Are you working on an innovation of your own and need extra cash to make your dreams a reality? In the case that you are having a hard time getting funded, you can option car title loans instantly! Because of their rising demand in today’s challenging economy, auto title loan rates are getting more competitive.  Title Loans Orange County may provide you the funding you need to begin building your own electric vehicle or new business. No credit checks are required, so those with a recent bankruptcy, home foreclosure or low credit rating can still gain access to same-day cash.

While the economy is troubled, it is important to remember that innovators need to keep their eye on the ball as new opportunities are presented. As a wise man once said, “Destiny belongs to the bold!”