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Fisker previews Orbit autonomous shuttle

Fisker Inc. isn't just working on an expensive performance EV. The manufacturer, headed by designer Henrik Fisker, is also working on a new " UltraCharger," and has filed patents for solid-state batteries. Now, the company has announced that it is partnering with China's Hakim Unique Group to build an autonomous shuttle for smart cities. Fisker says its Orbit self-driving electric shuttles will be ready by the end of 2018. Fisker hasn't provided a lot of specifics about the Orbit, but we do get a glimpse of it in the two images the company has released. The pod-like vehicle looks to be designed to maximize interior space. The side window has a display that shows the shuttle's next stop and departure time. There appears to be a door ahead of the rear wheels, but we can't really tell if it swings or slides open (we'd guess the latter). The partnership combines Fisker's automotive and design expertise with Hakim Unique Group's resources. Both partners have an interest in mobility and smart infrastructure. Fisker says the first Orbit autonomous shuttle will be deployed in a "Hakim Unique-implemented smart city." We hope to hear more details about this project soon. In the meantime, we can look forward to the public debut of the Fisker EMotion. The luxury EV, which boasts a range of 400-plus miles and a base price of $129,000, will be revealed next month at the Consumer Electronics Show in Las Vegas. It also incorporates autonomous technology, but is more focused on a good driving experience. Related Video: News Source: Fisker Green Fisker Green Automakers Green Culture Technology Emerging Technologies Autonomous Vehicles Electric Future Vehicles Henrik Fisker fisker inc

Fisker, Quantum pairing up to relaunch Karma PHEV

The upcoming relaunched Fisker Karma will look a lot like the old one. Turns out, the brains of the car will share a lot with the old Karma as well. Fisker (and its new owner, Wanxiang) and Quantum Technologies have announced a deal worth over $5 million. Quantum is going to license its plug-in hybrid control software to Fisker in exchange for $2 million this month and another $2 million a year from now. The first payment will be used to get the software into the relaunched Karma and the next payment is for "Fisker Auto Group's planned Atlantic vehicle line." Fisker has the option to pay more by October 27, 2016 to "acquire joint-ownership of the hybrid control software for the Karma, Atlantic and future platforms." There's another part of the deal worth "approximately $1.35 million" for software development services over the coming year. If this all has a somewhat familiar ring to you, you might be thinking about the $10.2 million that Fisker gave Quantum five years ago to develop the PHEV powertrain when it was still called the "Q-Drive plug-in hybrid system." The fact that we're talking about a relaunch now tells us something about how that all turned out. Maybe it'll be better this time, if those 250 bugs get squashed. Quantum Technologies Enters into License Agreement with Fisker Automotive and Technologies Group LLC to provide Plug-In Hybrid Control Software to Support Re-Launch of the Fisker Karma Vehicle - Control Software Agreement to provide Quantum with more than $5.0 million over the coming year - Control software license to cover Fisker Karma and Atlantic series with option for joint-ownership for these and other future platforms LAKE FOREST, Calif., Nov. 3, 2014 /PRNewswire/ -- Quantum Fuel Systems Technologies Worldwide, Inc. ("Quantum") (NASDAQ: QTWW), a global leader in natural gas storage systems, integration, and vehicle system technologies, today announced it has entered into an agreement with Fisker Automotive and Technologies Group LLC ("Fisker Auto Group") pursuant to which Quantum will license its plug-in hybrid control software to Fisker Auto Group and, in return, will receive an initial payment of $2.0 million on or before November 27, 2014, and a second payment of $2.0 million on or before October 27, 2015.

Hybrid Technologies LLC increases Fisker bid to $55 million

Will more money equal more Karma? In the continuing fight over the assets of extended-range plug-in vehicle maker Fisker Automotive, a Hong Kong-based investor is ready to up the stakes. Hybrid Tech Holdings has announced it will increase its bid for the maker of the Karma to $55 million. A bankruptcy court judge recently ruled that Hybrid Tech couldn't use any more than $25 million of its Fisker debt for an on-credit bid for Fisker. Hybrid Tech bought Fisker's $193 million line of credit from the US Department of Energy for $25 million. "When other shareholders ceased support, Hybrid continued to provide the financing and working capital necessary to maintain momentum," the company said in a statement. "Hybrid is working to achieve a rapid relaunch of Fisker." AutoblogGreen asked Hybrid spokeswoman Megan Grant for more details, but she said, "The statement distributed ... is the only information I am able to provide at this time." You can read the full statement below. At this point, Hybrid Tech's offer would trump Wanxiang Group's bid of $25.8 million (plus assumed debt) that was issued in late December and then boosted to $35.7 million earlier this month. Fisker favors the Hybrid Tech bid because it believes Wanxiang, which acquired most of the assets of lithium-ion battery maker A123 Systems in 2012, helped speed up Fisker's shut-down by stopping battery deliveries. Fisker filed for bankruptcy in late 2012. The auction for the remains will be held in February. Statement by Hybrid LLC Today, Hybrid Tech Holdings, LLC ("Hybrid"), a Delaware limited liability company, announced that it has modified the terms of its bid for Fisker Automotive Holdings, Inc. ("Fisker"), to reflect a purchase price of US$55 million. Hybrid intends to utilize Fisker's existing plant in Delaware to meet consumer demand and address market conditions. "Hybrid's confidence in Fisker's future is strong and unwavering. The Hybrid group has been an investor in Fisker for many years. When other shareholders ceased support, Hybrid continued to provide the financing and working capital necessary to maintain momentum, as well as taking on the US$25 million risk of purchasing the Department of Energy loan. We did so for a simple reason; we believe deeply in Fisker's technology and we stand by the talent in the company who can bring the promise of this technology to life," said Hybrid spokeswoman Megan Grant.