January 20, 2010 (FinancialWire) — Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW) said that Fisker Automotive, an auto company co-founded by Quantum and Fisker Coachbuild, has secured access to an additional $115.3 million in private equity funding to develop plug-in hybrid cars.

According to Quantum, the funding is necessary for Fisker to access a $528.7 million U.S. Department of Energy conditional loan that will, in part, help speed completion of the Fisker Karma, the company’s first plug-in hybrid.

The Fisker Karma incorporates Quantum’s proprietary plug-in-hybrid vehicle architecture known as Q-Drive. The Q-Drive in Fisker Karma is complemented by a solar photovoltaic roof module that generates renewable electricity. The solar roof module was designed by Quantum and Quantum’s partner Asola Advanced and Automotive Solar Systems GmbH.

California-based Quantum Fuel Systems Technologies is an alternative energy company engaged in the development and production of propulsion systems, energy storage technologies, and alternative fuel vehicles.

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