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EV startup Fisker files for bankruptcy
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EV startup Fisker files for bankruptcy
Jun 17, 2024 9:29 PM

June 18 - Fisker ( FSRN ) filed for bankruptcy protection

late on Monday as deal talks with a big automaker collapsed,

exposing the electric vehicle startup to the fallout of a rapid

cash burn to deliver Ocean SUVs in the United States and Europe.

The EV maker's unit, Fisker Group Inc, filed for Chapter 11

bankruptcy, listing estimated assets in the range of $500

million to $1 billion and liabilities in the range of $100

million to $500 million.

(Reporting by Akash Sriram, Arsheeya Bajwa and Abinaya

Vijayaraghavan in Bengaluru; Editing by Arun Koyyur and Devika

Syamnath)

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