Fisker Inc.
Electric vehicle company based in Manhattan Beach, California, United States / From Wikipedia, the free encyclopedia
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Fisker Inc. is an American automotive company founded by Danish automotive designer Henrik Fisker and his wife Geeta Gupta-Fisker.
Company type | Public |
---|---|
OTC Pink: FSRN | |
ISIN | US33813J1060 |
Industry | Automotive |
Predecessor | Fisker Automotive, Fisker Coachbuild |
Founded | October 3, 2016; 7 years ago (2016-10-03) in Los Angeles, California, U.S. |
Founder |
|
Headquarters | Manhattan Beach, California, U.S.[1] |
Area served | U.S. Western Europe Scandinavia |
Products | |
Number of employees | 455 (May 2022)[2]
800 (May 2023)[3] 1300 (November 2023)[4] |
Website | fiskerinc |
Launched in 2016 and based in Manhattan Beach, California, Fisker Inc. is the successor to Fisker Automotive.[5] In the summer of 2020, Fisker Inc. announced an initial public offering on the New York Stock Exchange through a merger with Spartan Energy Acquisition Corp, a SPAC backed by private equity firm Apollo Global Management.[6] The company completed the reverse merger that autumn.[7] Fisker Inc. developed the Fisker Ocean, an electric sport utility vehicle (SUV), which was released in 2023.[8][9]
In 2024, the company experienced intense financial difficulties, and its shares were delisted from the NYSE.[10] Fisker defaulted on a short term loan according to filings with the United States Securities and Exchange Commission[11] and has stated there is “substantial doubt” about being able to sustain ongoing operations.[12] In May 2024, Fisker’s Austrian subsidiary filed for insolvency.[13]
Fisker has laid off most of its employees worldwide, [14] closed its Manhattan Beach, California headquarters,[15] and slashed prices of its one and only model, the Ocean, by tens of thousands of dollars as it tries to liquidate several thousand unsold 2023 models. In June 2024, Fisker offered its remaining US employees an opportunity to buy an Ocean One, Ocean Extreme or Ocean Ultra for as little as $20,000.[16] When launched in 2023, the Ocean One had a starting price of $68,999 plus $2438 destination fee. Fisker is also being sued by several of its suppliers for non-payment, including some entities that were providing Fisker with engineering services for its future vehicles like the Pear and Alaska.[17]