Fisker Inc., the electric car company founded by automotive designer Henrik Fisker, has declared bankruptcy. The bankruptcy filing in the US reflects the company’s production and delivery difficulties. Accordingly, it is aimed to sell all of Fisker’s assets.
Fisker filed for bankruptcy
In a statement from the Fisker company, attention was drawn to the growing problems of the automotive world. Stating that they are facing market and macroeconomic headwinds, the automotive venture announced that it has evaluated all options. Accordingly, it decided that filing for bankruptcy was the best option.
Fisker, which has a model called Ocean SUV, has delayed deliveries in the US and Europe. In this context, the cash-strapped company was unable to secure additional financing from a major automaker earlier this year. Fisker, which has been looking for a production partner in the past process, stopped production and went to layoffs.
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Fisker said it was struggling to increase production due to global supply chain issues. It produced over 10,000 vehicles in 2024, but was only able to deliver around 4700 units. Some Fisker models are also under investigation in the US due to accidents.
With its cash reserves depleted and struggling to find funding, Fisker has joined other electric vehicle startups such as Lordstown Motors and Electric Last Mile Solutions, which recently filed for bankruptcy. At this stage, a direct sale of the company or its assets will be considered.
Fisker’s bankruptcy filing highlights the challenges new automakers face in scaling their operations. It also reflects the problems faced by giants such as Tesla, Ford and BYD.
