Both Tesla and Fisker are the front runners when it comes to capital adequacy and their plans for electric vehicles – Tesla is gunning for an IPO after closing several rounds of venture funding and Fisker is still raking in their funding; they even scored well with their Department of Energy loans they recieved a few months ago.

They landed $529 million in loans from the Department of Energy, which beat Tesla by $64 million, and Fisker has announced they are raising another $100 million in Series A-1 financing, with another $550 million coming from the Department of Energy and the state of Delaware.

What this money is going to be used for is still up in the air, but if what automobile transport companies are predicting comes true, it’ll be technological advances in terms of electric vehicles.