Valmet Automotive provides engineering, manufacturing and business services for the automotive industry. It manufactures Porsche Cayman sports cars, electric Garia golf cars and THINK City urban cars in Uusikaupunki, Finland. In 2009 the company generated net sales of €56m and employed some 800 people. Serial production of the Fisker Karma hybrid car was planned to start in the first quarter of 2011. The company planned to acquire Karmann’s convertible vehicle roof business and to expand into Germany and Poland. Metso Corporation is the majority shareholder.

Total raised

$28M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2010