Electric Car Startup Fisker Files for Bankruptcy

Company Cites Collapse of Merger Talks

Losses Totaling $350 Million Reported

June 18, 2024 - Fisker Inc., a startup electric vehicle manufacturer, has filed for bankruptcy protection. The move comes after the collapse of merger talks with another company, which reportedly resulted in a loss of $350 million in funding for Fisker.

The company's Chapter 11 bankruptcy filing was made in Delaware. This is the latest setback for Fisker, which has struggled to raise capital and bring its electric vehicles to market.