Court Approves Fisker's $46.25 Million Sale of Ocean EVs

The electric vehicle startup's asset sale is crucial for maintaining operations amid bankruptcy proceedings.

• Fisker will sell 3,321 Ocean SUVs to American Lease, generating up to $46.25 million.
• The sale is essential for Fisker to cover critical expenses, including employee payroll.
• Regulatory approval is pending for vehicles in Austria and Belgium.
• Fisker's co-founders have reduced their salaries to $1 during the bankruptcy process.
• The company continues to address recalls and software updates for existing vehicles.

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