Amid the ongoing struggles in the global electric vehicle industry’s, US-based EV startup Fisker has reportedly filed for bankruptcy. Last month, Fisker laid off unspecified employees due to a restructuring process. The reports said that the Fisker layoffs hinted at the struggles of the EV industry. According to a report by Reuters, US-based Fisker filed for bankruptcy on June 17, 2024 (Monday), due to the collapse of a deal. The report said that it exposed the startup to the “fallout of a rapid cash burn” to deliver its “Ocean SUV” electric car in the US and Europe. The report said the Fisker Group Inc. unit filed for Chapter 11 bankruptcy in Delaware. EV startup also listed its estimated assets as $500 million – $1 billion while liabilities are between $100 million – $500 million. Reuters also highlighted that the estimated creditors of Fisker were also shown in court filing as being around 200-999. Dubai Police Adds Tesla Cybertruck to Its Tourist Police Luxury Patrol Fleet (Check Pics).
Fisker, an Electric Vehicle Startup in US, Filed For Bankruptcy:
BREAKING: Electric vehicle startup Fisker has officially filed for bankruptcy. pic.twitter.com/xeHoNgFhai
— Sawyer Merritt (@SawyerMerritt) June 18, 2024
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