Fisker Secures Additional Funding
Bankruptcy Concerns Abated
Promising Future for Electric Vehicle Company
Fisker Inc. (FSR), a leading developer of electric vehicles, has announced that it has raised additional capital from an existing investor, bringing the total potential investment to $75 million.
This news comes as a welcome relief after Fisker's Chapter 11 bankruptcy filing in Delaware. In that filing, Fisker Group Inc., the company's operating unit, estimated its assets to be between $500 million and $1 billion. However, its liabilities were also significant.
Fisker's mission is to revolutionize the automotive industry by creating the world's most sustainable and emotionally engaging electric vehicles. Its recent bankruptcy filing had raised concerns about the company's future. However, with this infusion of additional capital, Fisker is well-positioned to continue pursuing its ambitious goals.
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