EV Company Fisker Bags $150 Mn From Existing Investors


EV company Fisker bagged USD 150 million from an existing institutional investor through the issue of convertible bonds with an additional USD 550 million in funding available, the electric-vehicle startup said on Friday.

According to the company, it will use the proceeds to catalyse its deliveries. Fisker earlier this month shared its plan to increase deliveries of its flagship Ocean sports utility vehicle to 300 units per day later this year.

As per Reuters report, the fresh funding follows a previously announced convertible notes offering of USD 340 million in July to the unnamed investor.

Categories: Op-Ed, Other News

Tags: , ,

Leave a ReplyCancel reply