Somehow, The Fisker Ocean Actually Made It to Production

It’s been a few years since Henrik Fisker announced the Fisker Ocean and a full year since production was originally supposed to begin. And yet, against all odds, the Fisker Ocean is officially in production, with the first one rolling off the line today in Graz, Austria.

As Bloomberg reports, the odds really were stacked against Fisker, Inc. The company was so strapped for cash, Henrik Fisker and his wife/co-founder Geeta Gupta-Fisker had to stop drawing a salary and furlough workers. And that was right before the pandemic started, which only made the situation worse.

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There was a good chance that would have been the end of Fisker. But in late 2020, it merged with a special purpose acquisition company backed by a huge private equity firm that gave Fisker a billion dollars in cash. Combined with a deal to have Magna Steyr handle production, the company didn’t just avoid bankruptcy. It actually managed to begin production on an actual car, something Faraday Future still hasn’t done.