Fisker Is In Talks To Go Public Much Like Electric Truck Startup Nikola Did

Fisker might go public and might be seeking to make the most of the stock exchange & rsquo; s car boom.

As the stock exchange has bounced-back in the midst of the coronavirus pandemic, shares in EV makers have spiked, in particular Tesla, which eventually became the planet ’s most valuable automobile company lately. Furthermore, shares in electric truck startup Nikola jumped after the company hit the marketplace.

See Also: See The Fisker Ocean Electric SUV On The Move For The First Time

Reuters accounts that Fisker can go public through a sale to some blank-check acquisition company. Such a deal could be modeled after Nikola that was acquired by VectolQ Acquisition Group before hitting the marketplace. An organization by the name of Spartan Energy Acquisition Corp, backed by private equity firm Apollo Global Management Inc, is reportedly currently contributing a bidding war amongst firms for Fisker. It’therefore promised it could secure a $2 billion deal .

Fisker and Spartan have declined to comment on the accounts. But Spartan’s shares rallied on the information and have been up 35 percent in afternoon trading on Thursday.

Fisker unveiled its all-electric Ocean SUV at the start of this season and intends on beginning production in 2021. The vehicle includes an package that supports fast charging and can be topped up in 15 to 80 per cent in just thirty minutes. The business states it will be helpful for 300 miles (483 km) of range on a single charge and the flagship version of the ocean will hit 60 miles (96 km/h) in just 2.9 seconds.

The vehicle manufacturer says prices will start at the United States, a figure that will drop with the available tax charge.

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