Fisker Raises $50 Million Funding; Will Be Used For Development Of Ocean Electric SUV - carandbike

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American electric car manufacturer, Fisker Inc., has announced raising a new $50 million Series C funding from Moore Strategic Ventures, LLC, the private investment vehicle of popular hedge fund manager Louis M. Bacon. The company says that the funds will be used to support the next phase of engineering work on the upcoming Fisker Ocean all-electric luxury SUV, which is slated to be launched in 2022. According to reports, Moore Strategic Ventures LLC has valued Fisker at more than $1.6 billion.

Additionally, Fisker Inc has also announced appointing Burkhard Huhnke as the Chief Technology Officer (CTO) of Fisker Inc. Huhnke served as the former Vice President of e-mobility at Volkswagen America and Vice President of Automotive at chip maker, Synopses. He will lead Fisker's R&D activities in Los Angeles as well as the newly established Fisker Innovation Lab in Silicon Valley.

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Fisker Raises $50 Million Funding; Will Be Used For Development Of Ocean Electric SUV - carandbike

View Photos The investment comes from Louis M. Bacon's Moore Strategic Ventures The funds will go into the development of the all-electric Fisker Ocean The Fisker Ocean electric SUV will also come to India American electric car manufacturer, Fisker Inc., has announced raising a new $50 million Series C funding from Moore Strategic Ventures, LLC, the private investment vehicle of popular hedge fund manager Louis M.