Fisker could be looking to make the most of the stock market’s electric vehicle boom and may go public.
As the stock market has bounced-back in the midst of the coronavirus pandemic, shares in EV manufacturers have spiked, in particular Tesla, which became the world’s most valuable car company recently. Additionally, shares in electric truck startup Nikola soared after the company hit the market.
Watch Also: See The Fisker Ocean Electric SUV On The Move For The First Time
Reuters reports that Fisker could go public through a sale to a blank-check acquisition company. Such a deal would be modeled after Nikola which was acquired by VectolQ Acquisition Group before hitting the market. A company by the name of Spartan Energy Acquisition Corp, backed by private equity firm Apollo Global Management Inc, is reportedly leading a bidding war among blank-check companies for Fisker. It’s claimed it could secure a $2 billion deal as early as next week.
Fisker and Spartan have declined to comment on the reports. Nevertheless, Spartan’s shares rallied on the news and were up 35 per cent in early afternoon trading on Thursday.
Fisker unveiled its all-electric Ocean SUV at the start of this year and intends on starting production in 2021. The vehicle features an 80 kWh battery pack that supports fast charging and can be topped up from 15 to 80 per cent in just 30 minutes. The company says it will be good for 300 miles (483 km) of range on a single charge and that the flagship variant of the ocean will hit 60 mph (96 km/h) in just 2.9 seconds.
The car manufacturer says prices will start at a mere $37,499 in the United States, a figure which will drop to just $29,999 with the available federal tax credit.
