Fisker Sees Ongoing Energy in Fleet Small business as Companies and Operators Glimpse to Zero Emission Solutions

LOS ANGELES–(Small business WIRE)–Fisker Inc. (NYSE: FSR) (Fisker) – designer and maker of the world’s most emotion-stirring, eco-helpful electric powered vehicles and superior mobility remedies – today handed 14,000 reservations for its Fisker Ocean SUV, boosted by desire and orders from the fleet current market globally. In Q4 previous calendar year, the organization signed its very first substantial fleet buy – for 300 automobiles – with Viggo, the technological innovation-driven Danish ride-hailing assistance. Via the perform of the Climate Group, around 100 of the world’s top companies are building commitments to changeover their fleets to EV by 2030, by yourself symbolizing 5 million autos.

“We are encouraged by the fascination becoming proven by the corporate sector towards enabling better obtain to zero emission mobility,” claimed Fisker Chairman and Chief Government Officer, Henrik Fisker. “As a lot more and more buyers and corporations are building the changeover to electrical motor vehicles, we are prepared to spouse with forward-contemplating companies as they catalyze the shift to electric powered cars.”

Fisker is projected to start out creation on its very first motor vehicle, the Ocean electric powered SUV, in Q4 2022. The Fisker Ocean will originally be manufactured in Europe and bought throughout multiple marketplaces in Europe and North America. The organization also lately introduced it has signed an MOU with Foxconn to establish a breakthrough electric car, codenamed ‘Project PEAR’. Development on defining the phrases of the partnership and solution method is on observe to comprehensive in Q2 this year.

“We are relocating fast to enlarge the committed group operating with Foxconn on Job PEAR,” added Mr. Fisker. “The prospect of a breakthrough electrical car or truck at a sub-$30,000 cost issue is generating a lot of enjoyment and anticipation.”

For more info, or for job interview inquiries, speak to [email protected].

About Fisker Inc.

California-centered Fisker Inc. is revolutionizing the automotive field by creating the most emotionally attractive and eco-helpful electric cars on Earth. Passionately driven by a eyesight of a thoroughly clean foreseeable future for all, the corporation is on a mission to turn out to be the No. 1 e-mobility assistance service provider with the world’s most sustainable autos. To learn far more, stop by www.FiskerInc.com – and love exceptional content material throughout Fisker’s social media channels: Fb, Instagram, Twitter, YouTube and LinkedIn. Obtain the groundbreaking new Fisker cell app from the App Retailer or Google Participate in shop.

Forward-Hunting Statements

This push launch incorporates ahead-seeking statements, which are matter to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words and phrases these types of as “feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the adverse of this sort of terms, or other equivalent terminology and include, between other items, the quotations of our Main Executive Officer and statements regarding the Company’s upcoming general performance underneath “2021 Business enterprise Outlook” and other potential situations that involve pitfalls and uncertainties. This kind of forward-looking statements are not ensures of potential functionality and are issue to hazards and uncertainties, which could induce precise final results to vary materially from the forward-looking statements contained herein thanks to numerous elements, including, but not limited to: Fisker’s confined operating history Fisker’s ability to enter into supplemental producing and other contracts with Magna, or other OEMs or tier-just one suppliers in get to execute on its small business strategy the threat that OEM and supply associates do not satisfy agreed on timelines or encounter potential constraints Fisker might encounter significant delays in the style, manufacture, regulatory acceptance, start and financing of its vehicles Fisker’s skill to execute its business product, like current market acceptance of its planned products and providers Fisker’s inability to retain key personnel and to hire further personnel competition in the electric powered auto market Fisker’s inability to produce a profits distribution community and the means to safeguard its mental home legal rights and those variables talked over in Fisker’s Registration Assertion on Type S-1 (No. 333-249981) beneath the heading “Risk Factors,” submitted with the Securities and Exchange Commission (the “SEC”) and other studies and documents Fisker information from time to time with the SEC. Any forward-looking statements converse only as of the day on which they are produced, and Fisker undertakes no obligation to update any forward-hunting assertion to mirror functions or situation after the day of this press launch.