Fisker confirms Ocean EV deliveries will begin in spring, it’s on track to build more than 40,000 in 2023

Henrik Fisker stands with the Fisker Ocean electric vehicle after it was unveiled at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA on November 16, 2021 in Manhattan Beach, California. Patrick T. Fallon | AFP | Getty Images Electric vehicle startup Fisker said Monday that it spent less money in… Continue reading Fisker confirms Ocean EV deliveries will begin in spring, it’s on track to build more than 40,000 in 2023

@Fisker: Fisker Inc. Announces Fourth Quarter and Fiscal Year 2022 Financial Results000115

LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2022. “Thank you to all our stakeholders, teams, and partners for the amazing progress we made in 2022. This… Continue reading @Fisker: Fisker Inc. Announces Fourth Quarter and Fiscal Year 2022 Financial Results000115

@Fisker: Fisker Inc. Announces Fourth Quarter and Fiscal Year 2022 Financial Results000115

LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, today announced its financial results for the fourth quarter and fiscal year ended December 31, 2022. “Thank you to all our stakeholders, teams, and partners for the amazing progress we made in 2022. This… Continue reading @Fisker: Fisker Inc. Announces Fourth Quarter and Fiscal Year 2022 Financial Results000115

Fisker reports higher orders, maintains annual production target

Fisker said reservations for the first model of Ocean rose to more than 65,000 as of Feb. 24, 2023, from 62,000 as of Oct. 31, 2022. Electric-vehicle startup Fisker Inc on Monday flagged increased orders for its sports utility vehicle Ocean and maintained its production forecast for the year, sending its shares higher by 7%… Continue reading Fisker reports higher orders, maintains annual production target

Nandan Nilekani backed Divgi TorqTransfer floats IPO to raise funds amidst bruises from Russia and China exports

Nandan Nilekani backed Divgi TorqTransfer floats IPO to raise funds amidst bruises from Russia and China exports Pune-based Divgi Torqtransfer Systems, which bought out its joint venture partner BorgWarner in 2016, announced raising funds through an initial public offering (IPO) route in order to fund its expansion plans.  Divgi, a supplier of system-level transfer cases, torque couplers,… Continue reading Nandan Nilekani backed Divgi TorqTransfer floats IPO to raise funds amidst bruises from Russia and China exports

Nandan Nilekani backed Divgi TorqTransfer floats IPO to raise funds amidst bruises from Russia and China exports

Nandan Nilekani backed Divgi TorqTransfer floats IPO to raise funds amidst bruises from Russia and China exports Pune-based Divgi Torqtransfer Systems, which bought out its joint venture partner BorgWarner in 2016, announced raising funds through an initial public offering (IPO) route in order to fund its expansion plans.  Divgi, a supplier of system-level transfer cases, torque couplers,… Continue reading Nandan Nilekani backed Divgi TorqTransfer floats IPO to raise funds amidst bruises from Russia and China exports

Yulu plans to invest $500 million in three years, eyes 10X growth in revenues

Yulu, India’s largest shared electric mobility player plans to invest $500 million in the next three years as it aims to have a fleet of one million electric two wheelers in operation by 2025. With the production at Bajaj Auto’s factory in Akurdi commencing, Yulu intends to ramp up its fleet to 50000 units by… Continue reading Yulu plans to invest $500 million in three years, eyes 10X growth in revenues

Yulu plans to invest $500 million in three years, eyes 10X growth in revenues

Yulu, India’s largest shared electric mobility player plans to invest $500 million in the next three years as it aims to have a fleet of one million electric two wheelers in operation by 2025. With the production at Bajaj Auto’s factory in Akurdi commencing, Yulu intends to ramp up its fleet to 50000 units by… Continue reading Yulu plans to invest $500 million in three years, eyes 10X growth in revenues

UPDATE 1-Fisker reports higher orders, maintains annual production target

(Adds executive comment from conference call, updates shares) Feb 27 (Reuters) – Electric-vehicle startup Fisker Inc on Monday flagged increased orders for its sports utility vehicle Ocean and maintained its production forecast for the year, sending its shares higher by 26% in early trading. Demand for electric vehicles has surged globally as countries seek to… Continue reading UPDATE 1-Fisker reports higher orders, maintains annual production target

Fisker reports higher orders, maintains annual production target

Feb 27 (Reuters) – Electric-vehicle startup Fisker Inc on Monday flagged increased orders for its sports utility vehicle Ocean and maintained its production forecast for the year, sending its shares higher by 7% in trading before the bell. Demand for electric vehicles has surged globally as countries seek to tackle climate change by opting for… Continue reading Fisker reports higher orders, maintains annual production target