Fisker, once considered a competitor of Tesla in the EV market, has filed for Chapter 11 bankruptcy protection, seeking to restructure its debt and sell assets in an effort to salvage its operations.that the EV market has proven to be a challenging landscape for many companies, with Fisker becoming the latest to succumb to the pressures of, fundraising difficulties, and supply chain issues.
Fisker’s troubles began in February when it raised concerns about its ability to remain in business. The company’s situation worsened after failing to secure a crucial investment from a major automaker, believed to be Nissan, which would have unlocked an additional $350 million in funding from an unnamed investor.
Fisker went bankrupt within five years. Hunter, who had bought a Fisker using money transferred by Kazakh oligarch Kenes Rakishev, was named as a bankruptcy creditor.In a recent statement, Fisker acknowledged the challenges it faced, stating, “Like other companies in the electric vehicle industry, we have faced various market and macroeconomic headwinds that have impacted our ability to operate efficiently.
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