In a pivotal development for the defunct electric vehicle startup Fisker, a bankruptcy judge has granted approval for the company to liquidate more than 3,000 of its Ocean SUVs.

Bankruptcy Judge approves Fisker's USD 46.25 million Ocean EV liquidation deal

Fisker, the once-promising EV startup, has approached the bankruptcy court with an unusual request. The company, which filed for Chapter 11 bankruptcy protection last month, is seeking approval to sell a substantial portion of its Ocean electric SUV inventory at a dramatically reduced price.

Fisker seeks bankruptcy for bulk sale of Ocean EVs at a steep discount

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Bankruptcy Judge approves Fisker's USD 46.25 million Ocean EV liquidation deal

Fisker seeks bankruptcy for bulk sale of Ocean EVs at a steep discount