• Fisker begins deliveries of vehicles to its first US customers.
• The 22 initial US deliveries are of the Fisker Ocean One launch edition SUV.
• The Fisker Ocean One and Fisker Ocean Extreme have a 360-mile range, the longest range of any new electric SUV in its class ¹.
• The all-electric automaker has already commenced deliveries in Europe, following a unique dual-continent certification strategy.

Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, will today begin making its first deliveries of the Fisker Ocean SUV to customers in the US.

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Fisker Ocean One launch edition SUVs are being delivered on Friday, June 23, in the U.S. Image credit: Fisker Inc.

“We have been waiting for this moment ever since we started the development of the Fisker Ocean in October 2020,” Chairman and CEO Henrik Fisker said. “As a California-based company, we are thrilled that our first US customers are finally getting behind the wheel of the Fisker Ocean and will experience its innovative features, class-leading 360-mile range, and highest levels of sustainability. We’re grateful our customers have been patient with us as we dealt with a longer-than-expected certification period earlier this year, and we’re happy their patience is now starting to be rewarded.”

Fisker will commence deliveries of 22 vehicles at 11:30 a.m. Pacific Time, at a company facility in the Los Angeles area where product specialists can familiarize customers with their Fisker Ocean One launch edition SUVs. This initial group of vehicles was shipped to the US from Austria on an expedited basis. Additional deliveries will continue through the summer.

The company has already delivered vehicles in Europe, following a unique dual-market certification strategy as it launched simultaneously in Europe and the US.

The Fisker Ocean One is a launch edition model of the $68,999² Fisker Ocean Extreme, with a 113 kWh battery pack (106 kWh usable) and an EPA range of 360 miles³ on standard 20” wheels and tires, which is the longest range of any new electric SUV in its class⁴. In Europe, the Fisker Ocean Extreme has a WLTP range of 707km/440 UK miles⁵ on standard 20” wheels and tires, which is the longest range of any electric SUV sold in Europe today. The all-electric SUV starts at $37,499² for the Fisker Ocean Sport trim level in the US.

About Fisker Inc.

California-based Fisker Inc. is revolutionizing the automotive industry by designing and developing individual mobility in alignment with nature. Passionately driven by a vision of a clean future for all, the company is on a mission to create the world’s most sustainable and emotional electric vehicles. To learn more, visit Fiskerinc.com and enjoy exclusive content across Fisker's social media channels: Facebook, Instagram, Twitter, YouTube, and LinkedIn.

Download the revolutionary new Fisker mobile app from the App Store or Google Play .

Forward-Looking Statements

This press release includes forward-looking statements, which are subject to the "safe harbor" provisions of the US Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel," "believes," expects," "estimates," "projects," "intends," "should," "is to be," or the negative of such terms, or other comparable terminology and include, among other things, the quotation of our CEO, the statements regarding the planned launch timing, pricing, delivery, and estimated range of the Fisker Ocean, the planned timing of the opening of Fisker facilities, the Company's future performance, and other future events that involve risks and uncertainties. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker's limited operating history; Fisker's ability to enter into additional manufacturing and other contracts with Magna or tier-one suppliers in order to execute on its business plan; the risk that OEM and supply partners do not meet agreed-upon timelines or experience capacity constraints; Fisker may experience significant delays in the design, manufacture, regulatory approval, launch and financing of its vehicles; Fisker's ability to execute its business model, including market acceptance of its planned products and services; Fisker's inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker's inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker's Annual Report on Form 10-K, under the heading "Risk Factors", filed with the Securities and Exchange Commission (the "SEC"), as supplemented by Quarterly Reports on Form 10-Q, and other reports and documents Fisker files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

¹ Mid-size SUVs with an MSRP under $200,000

² Estimated pricing shown applies to the continental US and excludes delivery, finance, tax, title, registration, and other government fees. Maintenance is not included. Pricing is subject to change and will be based on your final vehicle configuration. Pricing does not include government incentives you may be entitled to.

³ EPA estimated range. Actual results may vary for many reasons, including driving conditions, wheel size, state of battery charge, and how the vehicle is driven and maintained.

⁴ Mid-size SUVs with an MSRP under $200,000

⁵ This WLTP range number applies to Fisker’s European markets. WLTP measurements conducted on Fisker Ocean Extreme with standard 20” and optional 22” wheels. Actual range will vary with conditions such as external environment, vehicle configuration, wheel size and vehicle use.

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