Published 1 month ago

EV startup Fisker to raise funds, pause production after missing interest payment

Fisker lays off 15% of staff, delivers 1,300 cars in Jan-Feb 2024. Facing cash crunch, considers $150 million funding.
Fisker negotiates potential partnership with Nissan. $182 million in accounts payable and financial troubles reported.
Fisker's balance drops to $120.9 million, missing annual filing and facing potential bankruptcy. Raises $150 million through convertible notes.

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Reuters

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1 month ago·United Kingdom

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CNBC

EV startup Fisker to raise funds, pause production after missing interest payment

Fisker said on Monday it would pause production of its electric vehicles for six weeks and raise up to $150 million in funding by selling convertible notes.

1 month ago·United States

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Forbes

EV Maker Fisker Pauses Production For 6 Weeks Amid Ongoing Struggles

The production pause comes as the electric vehicle manufacturer attempts to avoid potential bankruptcy.

1 month ago·United States

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TechCrunch

Fisker pauses production with just $121 million in the bank

The EV startup has stopped making cars as it scrambles for cash and pivots to a dealership model following a rough rollout.

1 month ago·United States

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Spiegel

Fisker, a Tesla copycat, misses payments and stops production in Austria.

Fisker, a US electric car brand with a Danish founder, faces financial problems. Production is said to be on hold for six weeks at contract manufacturer Magna.

1 month ago·Germany

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U.S. News

EV Startup Fisker to Raise up to $150 Million, Pauses Production

US News is a recognized leader in college, grad school, hospital, mutual fund, and car rankings. Track elected officials, research health conditions, and find news you can use in politics, business, health, and education.

1 month ago·United States

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