San Francisco: Electrical car (EV) startup Fisker is shedding at the least 15 per cent of its workforce, as its present assets are “inadequate to fulfill its necessities over the following 12 months”.
Asserting its quarterly outcomes, Fisker mentioned it is usually in negotiations with a big automaker for a possible transaction which may embody an funding in Fisker, joint growth of a number of electrical car platforms, and North America manufacturing.
“To handle potential liquidity points, Fisker is already taking motion. The corporate is presently in discussions with an present noteholder about doubtlessly making a further funding within the firm,” it mentioned.
As well as, “Fisker intends to cut back its workforce by roughly 15 per cent”.
“Headcount reductions are predominantly associated to the change in gross sales technique from direct-to-consumer to a Supplier Accomplice mannequin. As well as, the corporate is streamlining operations, together with lowering its bodily footprint and general bills,” the corporate knowledgeable.
Fisker reported whole income of $200.1 million in This autumn 2023, a rise of $128.3 million from Q3 2023.
“2023 was a difficult 12 months for Fisker, together with delays with suppliers and different points that prevented us from delivering the Ocean SUV as shortly as we had anticipated,” mentioned Henrik Fisker, Chairman and CEO.
“We additionally encountered surprising headwinds in our efforts to determine a direct-to-consumer gross sales mannequin in each North America and Europe on the identical time,” he added.
