Fisker confirms banking relationship with JPMorgan Chase – Fiskerati

Fisker Oceans on the icy roads of Sweden in winter tests.

Today, Fisker confirmed the company’s global banking and treasury management relationship with JPMorgan Chase. Fisker said JPMorgan Chase provides them with strategic financial strength as they prepare to launch the Fisker Ocean. So far, we haven’t really known too much about Fisker’s banking relationship. We mentioned it briefly last night in All-Things Fisker: Episode 19.

In light of the recent turmoil in the banking industry, Fisker said they have no affiliation with Silicon Valley Bank (SVB). The startup-focused lender, a regional California bank, failed last week. The bank was recently declared bankrupt by the FDIC.

“Amid the turmoil in the banking industry, Fisker’s relationship with JPMorgan Chase provides us with strategic financial strength as we launch our first vehicle, the Fisker Ocean.”

Henrik Fisker, President and CEO of Fisker Inc.

Over the weekend, Henrik briefly mentioned that Fisker does not do business with SVB. However, Fisker expanded on that response this morning in a press release. He added that Fisker has no relationship with SVB. According to Fisker, they have received several media inquiries about their banking relationships. The Company considers it important at this time to remind stakeholders of its relationship with JPMorgan Chase.

If you recall, JPMorgan Chase will offer retail financing through Fisker Finance to customers in the United States. Fisker is working with Santander Bank to serve as the company’s main financing partner in Europe. Fisker announced these relationships at its 2022 Annual Meeting of Shareholders. The company will also work with Santander Consumer Finance in Europe.

Fisker revealed some financing options on its Ocean Price Estimator earlier this month with the launch of its improved website. Fisker Finance will likely be released in the second quarter of 2023 for customers to secure financing for the purchase of their Fisker Ocean.

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