March 18 (Reuters) - Fisker ( FSR ) 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 as the startup tries to navigate a cash crunch and weak

demand for its cars.

The company added that none of its Ocean SUVs were produced

in January and its manufacturing partner Magna made

about 1,000 vehicles between Feb. 1 and March 15.

The senior secured convertible notes will have a 10%

original issue discount for gross proceeds of up to $150

million, Fisker ( FSR ) said.

Fisker ( FSR ) reiterated on Monday that it was in talks with a

large automaker for a potential transaction, but did not name

the company.

Reuters reported earlier this month that Nissan was

in advanced talks to invest in the company in a deal that could

act as a financial lifeline for the cash-strapped EV startup.

Fisker ( FSR ) flagged substantial doubt about its ability to

continue as a going concern in February and paused investments

in future projects until it secured a partnership with an

automaker.

The company has hired restructuring advisers to assist with

a possible bankruptcy filing, the Wall Street Journal reported

last week, citing people familiar with the matter.