Fisker Receives Massive Investment To Fight Tesla

Electric Vehicles / Comments

One step closer to the launch of the Fisker Ocean.

The Fisker Ocean is yet another all-electric crossover aimed specifically at the Tesla Model Y and also upcoming Audi Q4 Sportback e-tron. But like every automaker, having enough money on hand to ensure production is vital. Fortunately, Fisker has just announced an impressive $50 million investment from Moore Strategic Ventures, a private investment fund. This Series C financing round will supposedly provide sufficient cash to get the gorgeous Fisker Ocean to market for its planned 2022 launch.

"Since we first showed the car at CES earlier this year, reaction from customers and investors has been extremely positive," said Fisker chairman and CEO Henrik Fisker. "We are radically challenging the conventional industry thinking around developing and selling cars and this capital will allow us to execute our planned timeline to start producing vehicles in 2022."

Front Angle View Fisker
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Front Angle View Fisker

The California-based startup was founded by Henrik Fisker whose previous gigs at BMW and Aston Martin made him famous in the automotive world. He later went on to launch his first small automaker, Fisker Automotive, which built the Fisker Karma. That company filed for bankruptcy in 2013 and its leftover assets were purchased by the Wanxiang Group, a Chinese auto parts builder, the following year. It is facing allegedly serious financial issues of its own at the moment.

In addition to the new investment, Fisker has added new members to its executive team. Former Volkswagen Group engineer Burkhard Huhnke has been appointed as chief technology officer. Simon Sproule is now a communications advisor to Fisker himself.

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The Fisker Ocean, according to previous reports, will carry a starting price tag of $37,499 before the $7,500 US tax credit. Its powertrain specs have not been announced, but the base model is said to come with four-wheel-drive and around 300 horsepower. Expect up to 300 miles of range on a single charge and a quick-charge time of just 30 minutes for 15 to 80 percent capacity.

The exterior design features active aerodynamics and a multilink rear suspension will help provide better handling. The interior will feature a 9.8-instrument display and a massive 16-inch touchscreen.

We'll hopefully be informed of future production status updates in the coming months.

Rear Angle View Fisker
Top View Fisker
Rear View Fisker
Front View Fisker

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