Fisker receives massive investment to compete with Tesla

Fisker Ocean is one of the electric crossover cars that specifically targets the competition of Tesla Model Y and the Audi Q4 Sportback e-tron. But like every auto company, getting enough money on hand to ensure production is vital. Fortunately, Fisker has just announced a major investment of $ 50 million from Moore Strategic Ventures, a private equity fund.

This financing round is supposed to provide enough cash to produce the Fisker Ocean car and launch it to the market in 2022. Henrik Fisker, CEO and CEO of Fisker, said: “Since we first demonstrated the car at CES earlier this year , The clients and investors reacted very positively. We are radically challenging the traditional industry that and new capital will allow us to implement our planned timeline for the start of vehicle production in 2022. ”

California-based Fisker Corporation was founded by Henrik Fisker and the company introduced Fisker Karma models, but declared bankruptcy in 2013 and the remaining assets were purchased by Wanxiang Group, a Chinese auto parts maker. In addition to the new investment, Fisker added new members to its executive team where former Volkswagen Group engineer Burkhard Honky was appointed head of technology.

According to previous reports, Ocean would be charged a starting price of $ 37,499 before, and the engine specification was not announced, but the base model is said to come with all-wheel drive and around 300 hp with a fast charging time of just 30 minutes to reach a charge of up to 80 percent.

CarsWorld Digital