The electric car company Fisker has filed for US bankruptcy protection, making it the latest EV startup to collapse trying to challenge the established car industry.
The company was started in 2016 by the husband-and-wife team Henrik Fisker and Geeta Gupta-Fisker. It is the second attempt by Fisker, a former Aston Martin design chief, to establish an EV challenger that has ended in bankruptcy.
Alongside focusing on green manufacturing methods, Fisker also used an unusual “asset-light” production model. This relied on contract manufacturers to assemble its cars, avoiding the huge investments required to build factories.
The company blamed supplier delays for missed production targets and struggled to hit ambitious sales forecasts after…
