Fisker has requested a chapter decide overseeing its Chapter 11 proceedings to approve the sale of greater than 3,000 Ocean electrical SUVs in its stock for about $14,000 per automotive to a vehicle-leasing firm.
Following the decide’s nod, Fisker will have the ability to offload 3,321 electrical autos to New York-based American Lease for $46.25 million, in response to a court docket submitting on Tuesday.
The EV startup, which filed for chapter safety final month, confronted logistics points whereas promoting its Ocean electrical SUVs and pivoted to a dealer-partner mannequin earlier this 12 months after burning by means of a considerable amount of money.
Some variants of its Ocean SUV have been priced at round $70,000 and thru its descent out of business, it minimize costs of the most affordable variant to about $25,000 to lift capital to satisfy debt obligations.
On Might 30, two weeks earlier than Fisker filed for Chapter 11 chapter safety, American Lease agreed to purchase 2,100 Ocean EVs and a month later elevated that provide to purchase all 3,321 Oceans that have been prepared on the market.
American Lease serves journey share drivers in and round New York Metropolis, offering a fleet of vehicles on lease or hire. New York Metropolis final 12 months mandated the transition of the town’s rideshare fleet to both zero-emission autos or wheelchair accessible autos by 2030.
