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Fisker Automotive (SPAQ) (2007 – )

Fisker Automotive was an American company known for the production of Fisker Karma, one of the world’s first luxury plug-in hybrid electric vehicles.

Henrik Fisker, founder of Fisker Automotive, retained the Fisker trademarks and the Fisker brand and launched an independent company, Fisker Inc.

Fisker Inc. today raised over $1 billion to help the new Fisker produce its first product, Ocean, by unveiling an electric vehicle manufacturer in a partnership with Apollo Global Management Inc.

The company will move to the first public offering on the New York Stock Exchange after a merger with Spartan Energy Acquisition Corp.($SPAQ), a shell company founded by Apollo Global Management Inc.

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Using a shell company to facilitate moving is common when making a company public. After the offering, some investors expect the new Fisker to reach nearly $3 billion with a PIPE price of $10.00 per share. This is the price of the stock paid by the investor, which is usually lower than the publicly traded price and assumes a minimum repayment by Spartan shareholders.

The contract is expected to be completed in the fourth quarter of this year. The agreement will provide the Los Angeles-based company with the capital it needs to produce and supply Ocean SUVs to the road in 2022, the company said. Founder Henrik Fisker said, `With the realization of the world’s first digital car company today, it is great in advancing our mission to commercialize the world’s most emotional and sustainable vehicles, while advancing our mission to support a vision of a clean future for all. Progress has been made. .​ “We are pleased to partner with Apollo, a world-class financial institution that provides in-depth industry expertise, extensive global relationships, and a shared commitment to ESG. Our exciting advances in the development of the first vehicle, as well as voting for investor confidence, pave the way for Fisker after 2022.”

The most probable candidate is Magna International, which builds vehicles for several automakers. But it has not been confirmed. It has also been reported that Volkswagen’s MEB platform can be used to accelerate production. Like Tesla and the upcoming Ford Mustang Mach-E, the Fisker Ocean is available in several configurations at a price of $37,499, a basic version that uses a single electric motor to power the rear wheels. All other versions have twin motors that provide all-wheel drive on the road. The AWD package produces 225 kilowatts (302 hp) and plans to unveil a “ultra-high performance” version next year that will launch from 0 to 60 within 3 seconds. The standard battery pack is 80 kilowatt hours, and the final EPA number will not be released until the end of this year, but we expect a range of around 300 miles. If the numbers hold, Ocean will be one of the most efficient EVs on the market, and will be able to produce better miles per kilowatt than Tesla offers. It will definitely get better compared to the Audi e-tron, which manages 204 miles per charge, despite having a 95kWh pack. Fisker claimed it would take about 30 minutes to charge 80% with a 150-kilowatt fast charger. Pricing has been announced, but those interested in pricing will not buy the sea because the company is planning a strong rental business. Fisker says, “The drivers of the Fisker Ocean SUV can benefit from a unique flexible rental program that maximizes economics while providing affordable ownership flexibility. “The leasing model built through a proprietary app is designed to appeal to customers seeking the ultimate sustainable mobility and freedom of traditional and limited leasing programs.”

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