Fisker Funding, Investors & Competitors

Fisker is not operational anymore. It had raised $50M across 1 funding round.

Last Fisker funding round

$50M

Series C · Jul 2020

Cumulative funding Fisker raised

$50M

across 1 funding round

Key investors in Fisker

  • Moore Strategic Ventures
  • Strategxy Ventures LLC

Fisker Overview

About Fisker

Fisker is an electric vehicle manufacturer based in Southern California that designed and sold the Fisker Ocean all-electric SUV. The company was founded in 2016 by the Danish automotive designer Henrik Fisker and his wife Geeta Gupta-Fisker, as the successor to the earlier Fisker Automotive. It outsourced vehicle assembly to contract manufacturers, notably Magna in Austria, and sold cars to consumers through online orders and leasing programmes in North America and Europe. Fisker listed on the New York Stock Exchange in October 2020 through a merger with the blank-check company Spartan Energy Acquisition Corp. It filed for Chapter 11 bankruptcy protection in June 2024 and sold off its remaining assets.


Founded

2016

HQ

United StatesLos Angeles, CA

Status

Closed

Customer focus

B2C

Revenue model

Product sales

Fisker Valuation

Fisker is insolvent and not operational anymore. Read the announcement ↗

Fisker valuation by funding round

Fisker valuation by funding round
DateStageValuation
Jun 2024Write-down · Insolvency$0

Fisker Funding History

Before winding down, Fisker has raised a total of $50M across 1 funding round.

Fisker funding rounds

Fisker funding rounds
DateStageInvestorsRaisedDeal Summary
Jul 2020Series CMoore Strategic Ventures (lead); Strategxy Ventures LLC$50MFisker Inc. completed a $50 million Series C financing round funded by Moore Strategic Ventures, the private investment vehicle of Louis M. Bacon, in July 2020. Chairman and chief executive Henrik Fisker said reaction from customers and investors had been extremely positive since the company first showed the Ocean all-electric SUV at CES earlier that year. The capital supported vehicle development, engineering scale-up and preparation for commercial production of the Ocean, which was planned for production in partnership with Magna. Fisker was founded in 2016 by Henrik Fisker and Geeta Gupta-Fisker and designs electric vehicles from Los Angeles. The company was a privately held business at the time of the round. It listed on the New York Stock Exchange in October 2020 and filed for Chapter 11 protection in June 2024.

Who has invested in Fisker?

2 investors have backed Fisker across its funding rounds, including Moore Strategic Ventures and Strategxy Ventures LLC.

Lead investors include Moore Strategic Ventures.


Fisker Investors

Investors in Fisker by funding rounds participated
InvestorHQRoundsRoleFirst check

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Fisker Competitors

Fisker competitors included listed companies like Electreon Wireless, MIC Electronics, LiveWire and Phinergy, and private ones like Urban Electric Networks and Adgero.

Public and private companies comparable to Fisker
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Electreon WirelessIsraelIsraelPublicly listed$5M($31M)$175M-
MIC ElectronicsIndiaIndiaPublicly listed$18M$3M$120M-
LiveWireUnited StatesUnited StatesPublicly listed$26M($66M)$113M5.9x
PhinergyIsraelIsraelPublicly listed$111K($13M)$89M-
Urban Electric NetworksUnited KingdomLondonPrivate--$4M-
AdgeroUnited KingdomPortsmouthPrivate--$4M-

Fisker Public Comps

Fisker is defunct now, but its public comps included Canoo, Stardust Power, Hopium, Sono Group, Triggo, Digital Currency X, Estrima and Nexity Global.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Canoo$886K($283M)0.0x-0.0x-
Stardust Power-($15M)--(0.2x)(0.4x)
Hopium$201K-47.0x---
Sono Group$168K-20.3x---
Triggo$0K($53K)85160.6x-(41.3x)-
Digital Currency X-$71M--0.0x-

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Common questions about Fisker

What happened to Fisker?Fisker is not operational anymore and insolvent as of 17 June 2024.
When was Fisker founded?Fisker was founded in 2016.
Where was Fisker headquartered?Fisker was headquartered in Los Angeles, CA, United States.
Was Fisker publicly listed?No, Fisker was a private, VC-backed company.
How much did Fisker raise?Fisker raised $50M across 1 funding round.
What was Fisker's last funding round?Fisker's last funding round was a $50M Series C in July 2020, led by Moore Strategic Ventures.
Who were Fisker's investors?Fisker's investors included Strategxy Ventures LLC and Moore Strategic Ventures.
Who were Fisker's competitors?Fisker's competitors included Electreon Wireless, MIC Electronics, LiveWire, Phinergy, Urban Electric Networks and Adgero.

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