Fisker Inc. is developing the all-electric luxury Fisker Ocean SUV and aims to launch and begin production in 2022. The Ocean was revealed at CES 2020 and starts at $37,499 before federal tax credits or state incentives. Fisker said it raised $50 million to fund the next phase of engineering work on the SUV. The company has strengthened its executive team by hiring Burkhard Huhnke as CTO; he will split time between R&D in Los Angeles and Fisker’s Innovation Lab in Silicon Valley. CEO Henrik Fisker said customer and investor reaction since the CES reveal has been extremely positive. The article also recounts Fisker’s earlier Fisker Automotive venture, its bankruptcy, and the subsequent sale of assets to Wanxiang, which created Karma Automotive. Fisker Inc. is a Los Angeles, CA-based e-mobility and technology company founded by Henrik Fisker. The company develops electric vehicles and proprietary solid-state battery technologies. Its product portfolio includes the Fisker ORBIT, an electric, connected and autonomous (driverless) shuttle aimed at smart cities, campuses and other geo-fenced routes. Fisker received a strategic investment from Caterpillar Ventures. The amount of that investment was not disclosed. Caterpillar Ventures is a wholly owned subsidiary of Caterpillar, a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.

Total raised

$50M

Funding rounds

2

Latest round

Series C

Latest activity

Jul 2020