Blockbuster? No, but the adventures of the American manufacturer Fisker could have been similar. Then many observers in recent weeks declared almost dead, Fisker may well be able to keep its head above water as a second bankruptcy looms.

Fisker’s financial situation was rapidly deteriorating, with 90% drop in share price since the beginning of the year. The California-based startup faces several challenges, including a slump in the EV market and fierce competition in the segment. Not to mention that the launch of its first product, Ocean, was difficult to say the least, with barely finished versions being tested by the press and delivered to customers.

A breath of fresh air for Fisker?

Fisker’s founder and CEO, Henrik Fisker, even seemed ready to give up last week when the prospect of a second bankruptcy loomed after the 2016 bankruptcy. But that changed this week, as the manufacturer announced financial agreement to sell bonds for 150 million dollars.
In addition to this fundraiser, Fisker also confirms talks with another manufacturer. These talks could lead to investment in the American brand, joint development of electric vehicle platforms and manufacturing in North America. The manufacturer in question may be Nissan.
The Japanese firm was expected to invest $400 million in Fisker, thus guaranteeing production of the Fisker Alaska pickup, scheduled for 2026. However, with the recent announcement of a partnership between Nissan and Honda to develop electric vehicles, this possible alliance could be named. under question

The brand does not sell enough cars yet

Fisker has already produced at least 1,000 cars this year. At the same time, since its launch at the end of last year, Ocean has found about 1,300 customers. However, with approximately 4,700 vehicles in stock, including the 2024 model year, Fisker estimates the value of tethered vehicles to be in excess of $200 million.
To change inventory levels and advance strategic and financial initiatives, the manufacturer announced the suspension of production of its electric vehicles for six weeks, starting on March 18. Hopefully production will resume by then, but we have some doubts.

Either way, there will be some momentum between the recent fundraising and a possible partnership with another manufacturer before the car takes off again, or even really takes off, we must say.