Fisker reportedly has asked a bankruptcy judge overseeing its Chapter 11 proceedings to approve the sale of more than 3,000 Ocean electric SUVs in its inventory for about US$14,000 per car to a vehicle leasing company.

Following the judge’s nod, Fisker would be able to offload 3,321 electric vehicles to New York-based American Lease for $46.25m, according to Reuters, citing a court filing.

Some variants of the Ocean SUV were priced at around $70,000 and through its descent into bankruptcy, Fisker cut prices of the cheapest variant to about $25,000 to raise capital to meet debt obligations, the report noted.

On May 30, two weeks before Fisker filed for Chapter 11 bankruptcy protection, American Lease agreed to buy 2,100 Ocean EVs and a month later increased that offer to buy all 3,321 Oceans that were ready for sale, Reuters said.

It noted American Lease serves ride share drivers in and around New York City, providing a fleet of cars on lease or rent. New York City last year mandated the transition of the city’s rideshare fleet to either zero emission vehicles or wheelchair accessible vehicles by 2030.

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