July 3 (Reuters) - Fisker ( FSRNQ ) has asked a bankruptcy judge
overseeing its Chapter 11 proceedings to approve the sale of
more than 3,000 Ocean electric SUVs in its inventory for about
$14,000 per car to a vehicle-leasing company.
Following the judge's nod, Fisker ( FSRNQ ) will be able to offload
3,321 electric vehicles to New York-based American Lease for
$46.25 million, according to a court filing on Tuesday.
The EV startup, which filed for bankruptcy protection last
month, faced logistics issues while selling its Ocean electric
SUVs and pivoted to a dealer-partner model earlier this year
after burning through a large amount of cash.
Some variants of its Ocean SUV were priced at around $70,000
and through its descent into bankruptcy, it cut prices of the
cheapest variant to about $25,000 to raise capital to meet debt
obligations.
On May 30, two weeks before Fisker ( FSRNQ ) filed for Chapter 11
bankruptcy protection, American Lease agreed to buy 2,100 Ocean
EVs and a month later increased that offer to buy all 3,321
Oceans that were ready for sale.
American Lease serves ride share drivers in and around New
York City, providing a fleet of cars on lease or rent. New York
City last year mandated the transition of the city's rideshare
fleet to either zero-emission vehicles or wheelchair accessible
vehicles by 2030.