Fisker wants to sell off remaining Ocean stock

Fisker wants to sell up to 3,231 Ocean to the US leasing company American Lease – for a total price of 46.25 million dollars. That is just over 14,300 dollars per vehicle on average. According to the documents submitted by the insolvent company to the US bankruptcy court in Delaware, the cheapest but partially damaged examples are even expected to change hands for just 2,500 dollars.

American Lease, based in New York, intends to lease the vehicles to drivers of chauffeur services. As reported, all ride-sharing services in New York must have switched to purely electric vehicles by 2030. For American Lease, the Fisker Ocean would be just the thing at a bargain price.

Owning and operating vehicles from an insolvent company that may soon be wound up is not without its problems, such as the future supply of spare parts. In the case of modern, software-driven vehicles such as the Fisker Ocean, there is an additional factor: without access to software and important servers, there is a risk of restrictions on the use of the vehicles – for which new customers once paid up to 70,000 dollars. This is because the Ocean will probably not only require mechanical repairs, but also work on the software.

One example: As InsideEVs reports, the Ocean will need to connect to the Fisker cloud in order to use some functions. This is not just about pure software features (which would be understandable), but also about opening and closing the sunroof or the “dog window”, i.e. the retractable rear window in the boot lid.

In the USA, the ‘Fisker Owners Association’ (FOA) was therefore founded in June. The group has already grown to 2,000 members and hopes to keep their vehicles on the road for as long as possible. The FOA has commissioned a law firm to represent the Ocean owners in Fisker’s insolvency proceedings. Among other things, the aim is to gain access to Fisker’s own diagnostic tool.

Update 23 July 2024

Fisker has received court approval to proceed with a major asset sale as part of its Chapter 11 bankruptcy proceedings. Earlier this month, the company sought court approval to sell its vehicle inventory of 3,321 vehicles to generate the necessary cash flow for ongoing operations and facilitate a potential orderly liquidation – see above. With the approval now received, Fisker will sell its Ocean fleet to American Lease for up to $46.25 million, which equates to an average price per vehicle of approximately $13,900. The New York-based ride-share leasing company will assume all costs incurred, including shipping and necessary safety repairs.

insideevs.com, yahoo.com (both lease deal), insideevs.com (FOA), electric-vehicles.com (update)