Swap Meet with Fisker & Ample for Module Battery Swapping in 2024

Fisker Inc. (NYSE: FSR) (“Fisker”), driven by a mission to create the world’s most emotional and sustainable electric vehicles, and Ample, a leader in energy management and module battery swapping, today announced a partnership to deliver Ample-powered Fisker EVs. This partnership is important to Fisker’s long-term strategy to increase scale and adoption of its EVs in the United States and Europe.

“Our partnership with Ample will enable us to broaden the vehicle use case for our customers,” Henrik Fisker, Chairman and CEO of Fisker Inc. said. “We’re thrilled to offer Ample’s innovative battery-swapping system, which will bring a new level of affordability to the Fisker Ocean and potentially to the other vehicles we intend to bring to market in the future.”

“We’re incredibly excited about our relationship with Fisker. They’ve developed best-in-class EVs that our team is proud to support,” said Khaled Hassounah, Co-founder and CEO of Ample. “We’re looking forward to assisting with making the Fisker Ocean available to a wide segment of customers as a part of our goal to bring more EVs on the road.”

The initial target customer for Fisker’s Ample-powered EVs will be fleet operators who are looking to transition to electric mobility without economic or operational compromises. Ample’s technology makes it possible to rapidly deploy EV infrastructure so that Fisker can make its vehicles available to larger markets on a faster timetable. Fisker and Ample will share revenue related to the battery swapping mechanism.

Battery swapping offers drivers energy delivered as quick as gasoline and at a lower per-mile cost. For drivers looking to transition to electric, speed and cost are key and more so for high mileage drivers, such as those in the ride-hailing industry. With today’s announcement drivers can now look forward to a combination of award-winning design and affordability in the Fisker Ocean, powered by the latest battery technology, never worrying about range or charging anxiety.

Joint development between Ample and Fisker is already underway, with the goal of providing battery swappable Fisker Ocean vehicles by Q1 2024.