Fleet Financing

Fisker and Onto sign agreement to deliver up to 700 vehicles in 2023 to support the growth of next-generation electric mobility | Business



LOS ANGELES & LONDON – (BUSINESS WIRE) – May 18, 2021 –

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 all-inclusive electric car subscription service based in the UK for home and business users. The agreement, the first multi-vehicle booking for Fisker in the UK market, supports delivery of up to 700 vehicles in 2023. Onto will not only be Fisker’s first customer in the UK, but also the exclusive partner rental / subscription for 2023.

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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 all-inclusive electric car subscription service based in the UK for home and business users. The agreement, the first multi-vehicle booking for Fisker in the UK market, supports delivery of up to 700 vehicles in 2023. Onto will not only be Fisker’s first customer in the UK, but also the exclusive partner rental / subscription for 2023. (Photo: Business Wire)

Onto, founded in 2017, is an innovative, technology-driven company that provides easy access to electric vehicles through its all-inclusive subscription service. With a monthly subscription, customers get the latest electric vehicles with all-inclusive public insurance, charging and maintenance. With an active fleet of over 3000 vehicles in service with private and business customers across the UK, Onto has pioneered new ways to enable drivers to access electric vehicles without the need for lengthy rental contracts. .

“We are witnessing the rapid growth of innovative companies like Onto which are enabling the transition to electric mobility”, commented Fisker Chairman and CEO Henrik Fisker. “For business-to-business bookings, we focus on high-quality businesses that share our commitment to providing an exceptional customer experience. Our partnership with Onto is an important step in rapidly strengthening our presence in the UK electric vehicle market. “

Rob Jolly, CEO and Co-Founder of Onto, comments: “We are delighted to partner with Fisker to provide our customers with even more choices when it comes to driving an electric car. Fisker’s impressive electrification goals, coupled with its reputation for always introducing the latest technology, match our own and we are delighted to continue this journey with them. Onto subscribers will enjoy all the benefits of the awesome Fisker Ocean with our hassle-free service. “

In December 2020, Fisker announced a partnership with Cox Automotive and Rivus for UK delivery, maintenance, fleet management and resale programs. The Fisker Ocean SUV is designed for left-hand and right-hand drive versions, with deliveries scheduled to start in the UK in the first half of 2023.

The company had also previously confirmed that the first Fisker Experience Center in the UK will open in London in 2022. The global reveal of the Fisker Ocean will take place at the Los Angeles Auto Show® in November 2021 – with the start of production and deliveries of left-hand drive versions in the fourth quarter of 2022.

About Fisker Inc.

California-based Fisker Inc. is revolutionizing the automotive industry by developing the world’s most emotionally desirable and environmentally friendly electric vehicles. Passionate about the vision of a clean future for all, the company aims to become the leading provider of electric mobility services with the most sustainable vehicles in the world. To find out more, visit www.FiskerInc.com – and enjoy exclusive content on Fisker’s social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or the Google Play Store.

About Onto

Onto was co-founded in 2017 by Rob Jolly and Dannan O’Meachair and offers motorists an accessible, easy and affordable way to join the electric vehicle revolution, with no long-term commitments. Over the past four years, Onto’s innovative new car subscription service has been a hit with consumers, allowing many to move away from the traditional internal combustion engine. Since 2018, Onto has grown rapidly, partnering with new providers of electric cars and charging as more and more EVs become available to suit all budgets. Subscriptions can be taken from one month only and Onto currently offers 17 models ranging from the Volkswagen e-up 2021! at £ 339 per month to the 2021 Hyundai Kona Ultimate 64kwk at £ 589 per month and the 2021 Audi e-tron 55 Quattro Black Edition at £ 1,299 per month.

Media inquiries

For media inquiries on Onto, please contact [email protected]

Forward-looking statements

This press release contains forward-looking statements, which are subject to the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel”, “believe” , expect, “” Estimates “,” projects “,” intends “,” should “,” must be “, or the negative of these terms, or other comparable terminology and includes, among others, quotes of our CEO and statements regarding the future performance of the company and other future events that involve risks and uncertainties. These 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 ‘Limit it: the limited exploitation of Fisker history; Fisker’s ability to enter into additional manufacturing and other contracts with Magna, or other leading OEMs or suppliers in order to execute its business plan; the risk that the OEM and supply partners may not meet agreed deadlines 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 intended products and services; Fisker’s inability to retain key personnel and 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 the factors discussed in Fisker’s annual report on Form 10-K under “Risk Factors”, filed with the Securities and Exchange Commission (the “SEC”) and other reports and documents that Fisker files from time to time to other with the SEC. Forward-looking statements speak only as of the date on which they are made, and Fisker assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release.

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CONTACT: Dan Galves, Vice President, Investor Relations

[email protected]

[email protected] Rebecca Lindland, Director, Communications

[email protected] Simon Sproule, SVP, Communications

310.374.6177

[email protected]

KEYWORD: EUROPE UNITED STATES UNITED KINGDOM NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: GENERAL AUTOMOTIVE AUTOMOTIVE TECHNOLOGY ALTERNATIVE ENVIRONMENT VEHICLES / FUEL

SOURCE: Fisker Inc.

Copyright Business Wire 2021.

PUB: 05/18/2021 9:26 a.m. / DISC: 05/18/2021 9:26 a.m.

http://www.businesswire.com/news/home/20210518005778/en





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