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Fisker
Company Overview
Henrik Fisker launched the company in 2016, a few years after his previous startup Fisker Automotive folded. Fisker aimed to operate an asset-light business model utilizing contract manufacturers to make its vehicles. Fisker went public through a SPAC merger in 2020 valued at $2.9 billion. The deal raised $1 billion in gross proceeds, including $500 million from existing and new investors such as AllianceBernstein and BlackRock Inc. The SPAC deck projected $13 billion revenue by 2025. However, the company didnt start delivering its first cars until a year ago due to regulatory challenges. Fisker faced a laundry list of troubles in 2024, after losing track of millions in payments, being delisted from the NYSE, and suspending production for six weeks.
Business Model
B2B
Customer Model
Hardware
Pitch Deck
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