Henrik Fisker launched the company in 2016, a few years after his previous startup Fisker Automotive folded. Fisker aimed to operate an 'asset-light' business model utilizing contract manufacturers to make its vehicles. Fisker went public through a SPAC merger in 2020 valued at $2.9 billion. The deal raised $1 billion in gross proceeds, including $500 million from existing and new investors such as AllianceBernstein and BlackRock Inc. The SPAC deck projected $13 billion revenue by 2025. However, the company didn’t start delivering its first cars until a year ago due to regulatory challenges. Fisker faced a laundry list of troubles in 2024, after losing track of millions in payments, being delisted from the NYSE, and suspending production for six weeks.
$2.9B • 2020 • SPAC
Fisker is an American EV manufacturer focused on creating luxury plug-in-hybrid electric vehicles.
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