July 3 (Bloomberg) -- Fisker Automotive Inc., a maker of luxury plug-in hybrid cars, said actor Leonardo DiCaprio is an equity investor in the company and that the actor will promote its Karma sedan as an environmentally friendly vehicle.
DiCaprio has participated in fundraising for the closely held carmaker, said Roger Ormisher, a Fisker spokesman. He declined to say how much the actor invested.
Shawn Sachs, DiCaprio's publicist, wasn't immediately available to comment on his involvement with Fisker.
"As an equity investor in Fisker Automotive, DiCaprio will participate in conversations on the auto manufacturer's future plans for the advancement of sustainable, responsible vehicles," the company said in an e-mailed statement. He'll "work closely with Fisker on marketing and promotional initiatives aimed at bringing attention to sustainability and environmental awareness," Fisker said.
The company, which has raised more than $1 billion in private funds for its plug-in cars, is working to steady its business after a delayed sales start, battery-pack malfunctions and losing access to a portion of $529 million in low-cost federal loans awarded to make cars in Delaware.
The company, co-founded by designer Henrik Fisker, named Tom LaSorda, a former CEO of the predecessor of Chrysler Group LLC, its CEO in February. Fisker has delivered more than 1,000 Karmas, priced from $103,000, in the U.S. and Europe since December. The Karma is able to travel as far as 50 miles (80 kilometers) on lithium-ion batteries before a gasoline engine is activated.