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Fisker completes $50M financing; Huhnke named CTO

Green Car Congress

Fisker Inc. recently completed a $50-million Series C financing round funded by Moore Strategic Ventures, LLC, the private investment vehicle of Louis M. The proceeds will be used to support the next phase of engineering work on the Fisker Ocean all-electric luxury SUV, due for launch in 2022. Huhnke joins a growing Fisker Inc.

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Fisker files for Chapter 11 bankruptcy protection

Teslarati

Fisker Group Inc. In a press release, the EV maker noted that it was in advanced discussions with financial stakeholders about debtor-in-possession financing and the potential sale of its assets. As noted in a report from the Associated Press , Fisker estimates that its assets are between $500 million and $1 billion.

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Fisker opens reservations for Ocean SUV; cost starts as low as $379/month

Green Car Congress

Fisker Inc. The Fisker Ocean is targeted to begin production at the end of 2021, with the first high-volume deliveries projected for 2022. The Fisker app offers a flexible lease program, maintenance and repair on demand, insurance purchase to easy finance options. —Henrik Fisker, chairman and CEO of Fisker Inc.

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The time has come: Fisker has filed for bankruptcy

Baua Electric

After many signals suggesting that it would happen, Fisker has officially filed for bankruptcy. The chapter 11 filing came late Monday night in Delaware, where Fisker is incorporated. Soon after, Fisker posted a statement on its website. LOS ANGELES (June 17, 2024) – Fisker Group Inc. Fisker Inc. Fisker Inc.

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Panasonic seeks to expand business in the auto industry 

Teslarati

Panasonic seeks to expand its business in the automotive industry, starting with building relationships at CES 2024. Panasonic Automotive already formed relationships with companies in the industry, like Amazon and Fisker. Panasonic Automotive also teamed up with automaker Fisker to create an audio system.

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Fisker Automotive files for Chapter 11, selling assets to Hybrid Tech Holdings

Green Car Congress

Fisker Automotive, Inc. and Fisker Automotive Holdings, Inc. collectively, Fisker Automotive) have entered into an asset purchase agreement with Hybrid Tech Holdings, LLC (Hybrid) for the sale of substantially all Fisker assets. In total, the government agency gave Fisker $192 million and only $28 million was paid back.

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Rivian barely beats earnings expectations, bucking industry trend

Teslarati

Rivian has reported its first-quarter earnings, showing the company has slightly beat its earnings expectations, bucking the industry trend. Fisker reported earnings earlier today, indicating that the business is suffering from weakening demand and a flimsy financial position, following a very similar report from Lucid on Monday.