Fisker successfully secured bankruptcy court approval for its liquidation plan, allowing it to sell 3,231 EVs to American Lease for $46.25 million after addressing essential tech support concerns.
American Lease's commitment of an additional $2.5 million over five years for tech support ensured current Ocean EV owners would not lose access to critical software updates and vehicle diagnostics.
The approval from U.S. Bankruptcy Judge Thomas Horan enables Fisker to settle its debts while transitioning intellectual properties to creditors, addressing concerns from Ocean EV owners.
Fisker has been facing bankruptcy since its filing in June, a process that accelerated after a deal with Nissan fell through, pushing them toward liquidation.
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