Written by Cláudio Afonso | LinkedIn | X
The electric vehicle startup Fisker sold 12 vehicles in Germany in May, a significant drop from the 30 units sold in April, according to official data released on Wednesday.
Fisker, led by Henrik Fisker, delivered 24 cars and a total of 80 in the first quarter of the year. Fisker’s year-to-date sales in the country now total 122 units as of the end of May.
On March 18, the EV startup reported having approximately 4,700 vehicles in inventory as demand didn’t meet the management expectations in 2023.
In late March, Fisker initiated significant discounts worldwide on its inventory cars, including a promotion for the Extreme variant of the Fisker Ocean in Germany, priced at €43,590 ($47,360).
The company’s annual report filed in April disclosed the delivery of over 6,400 Ocean SUVs since May 2023, when deliveries began in Denmark. “Our first model, the all-electric Fisker Ocean, has already garnered numerous awards for its design. As of April 16, 2024, the company has delivered over 6,400 Oceans,” Fisker stated.
In late February, Fisker reported the production of 10,193 units and the delivery of 4,929 vehicles, indicating that more than 1,471 vehicles were delivered globally from January 1 until April 16.
NEVER MISS AN UPDATE
Fisker delivered its first vehicle to a customer on May 5, 2023, in Copenhagen, Denmark.
Fisker has been facing significant financial challenges with the latest one being a default on its senior secured note due in 2024, a 8K form filed on Tuesday afternoon revealed.
The company entered into a Securities Purchase Agreement on May 10, with CVI Investments, Inc., resulting in the sale of a $3.456 million senior secured note in a private offering.
Earlier this week, Fisker announced that its second dealer partner in the United Kingdom has now received inventory.
In a bid to remain visible, Fisker attended the Electrify Expo in California last weekend, providing test drives to attendees. Additionally, the company’s CEO, Henrik Fisker, is set to break months of silence amid the financial turmoil by participating in the Economic Times Auto Tech Summit later this month.
NEVER MISS AN UPDATE
Fisker has been drastically reducing its workforce in an effort to stave off bankruptcy. A major workforce reduction was announced to U.S. employees on Thursday, which was quickly extended to its Canadian operations, leaving the company with a skeletal crew.
In Belgium, Fisker announced in an email last Friday that its Fisker Center+ in Rumst would close on June 1. Despite this closure, the company remains a tenant of the location and is actively seeking solutions to reopen the facility while negotiating a buyout deal.
The financial instability has also led to changes in services provided by Fisker. In late May, the company informed its U.S. customers of the discontinuation of its roadside assistance service, mirroring a similar announcement made earlier in the month for its European customers.
In West Covina, California, where Fisker has dealership partners, around 40 units of the fully electric SUV, available in both Extreme and Ultra variants and starting at $34,999, are currently on display.
This strategy, which significantly lowers operating expenses, requires customers to search for available inventory in states where Fisker has partnered with dealerships.
Written by Cláudio Afonso | LinkedIn | X
