Fisker
EVUSA
New to Unitard
💀 Dead / Bankrupt
Peak $7.9 BillionToday
~-99%
from peak
- 🦄Became a unicorn2020
- 📈Peak valuation$7.9 Billion ’20
- 💔Became a UnitardJun 2024
- 💸Last valuationWiped out
🔥 Raised & burned
$1.8B
Total raised
$640K/day
Burned · 7.7y alive
Funding: Clay/press
Current status
Chapter 11 (June 2024)
The rise & fall
7 moments · 2016–2024The key moments, with employee sentiment along the way.
Oct 3 ’16
Oct 3 ’16
Henrik Fisker's second act
After Fisker Automotive's flameout, the famed car designer tries again with an electric SUV, the Ocean.
TechCrunch
2020
2020
The peak: ~$7.9B SPAC debut$7.9B
Merges with a Spartan Energy SPAC to list on the NYSE; the market prices the pre-revenue Ocean maker near $7.9B.
TechCrunch
2023
2023
The Ocean finally ships
Deliveries begin at last, but production delays, quality problems and buggy software sap the launch.
TechCrunch
Feb 2024
Feb 2024
Going-concern warning
Fisker flags substantial doubt it can survive; rescue talks with a big automaker collapse soon after.
TechCrunch
2023–24
From the inside · Glassdoor reviews, 2023–24
Glassdoor reviews chronicled the chaos: accounting chiefs lasting weeks, colleagues pulled off their jobs to help finance hunt for misplaced millions, layoffs discovered when system access died mid-day. By early 2024, insiders were openly predicting the end.
Jun 2024
Jun 2024
Chapter 11 — joins the Unitard Club 💔
The cash crunch wins; ~99% of peak value is gone in the founder's second failed auto venture.
TechCrunch
2024
2024
The leftover Oceans are sold off
The unsold fleet goes to a leasing company at fire-sale prices.
TechCrunch
$7.82Bof peak value erased · 8 years
💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.
How it happened
Fisker was a US EV maker that went public via SPAC in 2020 at a valuation near $7.9B, betting on its Ocean SUV.
Source: TechCrunch
Founder
- Henrik Fiskerfounder & CEONo public profile matched
