Fisker Sees Ongoing Toughness in Fleet Business as Providers and Operators Glance to Zero Emission Alternatives

LOS ANGELES–(Business WIRE)–Fisker Inc. (NYSE: FSR) (Fisker) – designer and company of the world’s most emotion-stirring, eco-helpful electrical cars and innovative mobility alternatives – these days passed 14,000 reservations for its Fisker Ocean SUV, boosted by curiosity and orders from the fleet market place globally. In Q4 previous year, the firm signed its initial major fleet get – for 300 vehicles – with Viggo, the engineering-driven Danish ride-hailing support. By the work of the Local climate Group, more than 100 of the world’s major corporations are earning commitments to transition their fleets to EV by 2030, alone representing five million cars.

“We are encouraged by the fascination getting demonstrated by the corporate sector to enabling increased obtain to zero emission mobility,” claimed Fisker Chairman and Chief Govt Officer, Henrik Fisker. “As extra and a lot more shoppers and businesses are creating the changeover to electrical motor vehicles, we are completely ready to lover with ahead-considering companies as they catalyze the shift to electric automobiles.”

Fisker is projected to begin production on its 1st motor vehicle, the Ocean electric powered SUV, in Q4 2022. The Fisker Ocean will in the beginning be manufactured in Europe and marketed throughout a number of marketplaces in Europe and North The usa. The firm also a short while ago declared it has signed an MOU with Foxconn to build a breakthrough electrical motor vehicle, codenamed ‘Project PEAR’. Progress on defining the conditions of the partnership and products method is on keep track of to full in Q2 this yr.

“We are shifting promptly to enlarge the focused group performing with Foxconn on Project PEAR,” additional Mr. Fisker. “The prospect of a breakthrough electric motor vehicle at a sub-$30,000 value stage is creating a good deal of excitement and anticipation.”

For a lot more data, or for interview inquiries, get in touch with [email protected]

About Fisker Inc.

California-based Fisker Inc. is revolutionizing the automotive sector by creating the most emotionally appealing and eco-friendly electrical vehicles on Earth. Passionately driven by a eyesight of a clear long run for all, the organization is on a mission to grow to be the No. 1 e-mobility support supplier with the world’s most sustainable motor vehicles. To understand extra, stop by www.FiskerInc.com – and delight in exclusive articles across Fisker’s social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Down load the innovative new Fisker cellular app from the App Retailer or Google Play retail store.

Forward-Looking Statements

This push launch incorporates ahead-on the lookout statements, which are issue to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may perhaps be discovered by terms these as “feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of these types of terms, or other similar terminology and include things like, among the other factors, the quotations of our Chief Government Officer and statements relating to the Firm’s long run effectiveness beneath “2021 Business Outlook” and other long term activities that require risks and uncertainties. These kinds of forward-wanting statements are not assures of long run functionality and are topic to risks and uncertainties, which could lead to genuine results to vary materially from the ahead-hunting statements contained herein due to many elements, such as, but not constrained to: Fisker’s constrained working heritage Fisker’s means to enter into additional manufacturing and other contracts with Magna, or other OEMs or tier-a single suppliers in purchase to execute on its enterprise plan the risk that OEM and provide associates do not satisfy agreed on timelines or knowledge capability constraints Fisker could expertise major delays in the design and style, manufacture, regulatory approval, start and financing of its automobiles Fisker’s capability to execute its organization model, such as industry acceptance of its planned merchandise and companies Fisker’s incapability to keep vital personnel and to employ added staff competition in the electrical auto market Fisker’s incapability to establish a sales distribution community and the ability to safeguard its intellectual assets legal rights and all those aspects reviewed in Fisker’s Registration Statement on Kind S-1 (No. 333-249981) beneath the heading “Risk Aspects,” submitted with the Securities and Exchange Fee (the “SEC”) and other reports and paperwork Fisker data files from time to time with the SEC. Any ahead-wanting statements communicate only as of the date on which they are built, and Fisker undertakes no obligation to update any forward-hunting statement to reflect activities or instances following the day of this push release.