Fisker and Onto Sign Agreement for Delivery of up to 700 Vehicles in 2023 to Support Growth of Next Generation EV Mobility

Rhea-AI Summary

Fisker Inc. (NYSE: FSR) has announced a significant partnership with Onto, a UK-based electric car subscription service. This agreement marks Fisker's entry into the UK market, with plans to deliver up to 700 vehicles in 2023. Onto will serve as Fisker's first customer and the exclusive rental and subscription partner for the year, paving the way for increased electric vehicle adoption and visibility. This multi-vehicle reservation is a strategic move aimed at expanding Fisker's footprint in the sustainable transport sector.

Positive

• Partnership with Onto for up to 700 vehicle deliveries in 2023.
• First multi-vehicle reservation in the UK market.
• Exclusive rental/subscription partner for the year.

Negative

• None.

Fisker Inc. (NYSE: FSR) (Fisker) – passionate creator of the world's most sustainable electric vehicles and advanced mobility solutions – today announced a partnership with Onto, the UK-based all-inclusive electric car subscription service for private and business users. The agreement, the first multi-vehicle reservation for Fisker in the UK market, supports the delivery of up to 700 vehicles in 2023. Onto will not only be Fisker's first customer in the UK, but also the exclusive rental/subscription partner for 2023.

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FAQ

What is the partnership between Fisker and Onto about?

Fisker has partnered with Onto to facilitate the all-inclusive subscription service for electric vehicles in the UK, planning to deliver up to 700 vehicles in 2023.

How many vehicles is Fisker delivering to Onto in 2023?

Fisker plans to deliver up to 700 vehicles to Onto in 2023.

Who will be Fisker's first customer in the UK?

Onto will be Fisker's first customer in the UK market.

What does the partnership with Onto mean for Fisker?

The partnership signifies Fisker's entry into the UK market and enhances its visibility in the electric vehicle sector.

What is Fisker's stock symbol?

Fisker's stock symbol is FSR.