EVwire brief: Fisker's Swedish bankruptcy is officially done. Owners who filed claims walked away with about 41,000 kronor each (roughly US$4,300), a fraction of their original 147,800-kronor (roughly US$15,500) claims covering warranties, undelivered parts, and other obligations Fisker left behind.
The estate totaled roughly 6 million kronor (US$632,000). After priority creditors were paid, unsecured claimants, mostly car owners, split the remaining 2.5 million kronor (about US$263,500). The numbers come from Stockholm District Court filings obtained by Swedish outlet CarUp.
One owner, Tomas Zimmer, told the outlet that settling was the only realistic path:
We got about 41,000 kronor each; it was divided between everyone who chose to settle. Those who took the fight got nothing.
Henrik Fisker, founder of Fisker Inc. (Fisker)
Carler, the Stockholm law firm that administered the case, billed 3.4 million kronor for its work. That’s more than the car owners received combined.
Fisker's Norwegian arm had its own insolvency case separately. The debts there totaled 620 million Norwegian kroner (US$ 66.65 million), with the lion's share (about 457 million kroner or US$49.1 million) owed to the Austrian factory that had been building the cars.
Both closures follow the US parent company's Chapter 11 liquidation, approved in October 2024.
The Fisker Ocean. (Fisker)
Context:
For owners still driving their Oceans daily, the real challenge is keeping their cars on the road. Insurance is the biggest headache. One Swedish owner told CarUp he pays around 20,000 kronor (about US$2,100) a year for coverage. Others report being turned away by every company they approach.
The Fisker Owners Association, a nonprofit that grew out of the bankruptcy, now counts roughly 4,000 members globally. It functions as a de facto service department: crowdsourced repair guides, parts procurement through outfits like Tsunami Automotive (US) and Tidal Wave (Europe), and a grassroots team of mobile mechanics covering routes across the continent.
Interestingly enough, software updates are still flowing, thanks to an unlikely source. Late in 2024, New York fleet operator American Lease paid US$2.5 million for roughly 5,000 unsold Oceans and the car's full software codebase. Part of that agreement covers keeping the backend servers alive and rolling out patches, which private owners receive as well.
Source: CarUp, Fisker Owners Association
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