Luxury EV startup Fisker has inked a Memorandum of Understanding with Crédit Agricole Consumer Finance, part of the Crédit Agricole Group, the financial partner to the French economy and one of the largest banking groups in Europe for the potential supply of Fisker Ocean SUVs.

Under this Memorandum of Understanding, Agilauto (a division of Crédit Agricole Consumer Finance), will be able to purchase Fisker Ocean SUVs for use by eligible employees and selected private banking clients of the group, with delivery projected to commence from January 2023.

“We welcome the commitment being shown by Credit Agricole Consumer Finance towards enabling greater access to zero emission mobility for their employees,” said Fisker Chairman and Chief Executive Officer, Henrik Fisker. “60% of new vehicle sales in Europe are through business-to-business transactions, and we are ready to partner with forward-thinking companies like Credit Agricole Consumer Finance as the market moves increasingly towards electrification.”

“We are proud to act for transformation to low-carbon mobility, as part of Credit Agricole Consumer Finance’s sustainability strategy,” said Agilauto Sales Director, François ASCHEHOUG (Credit Agricole Consumer Finance). “The Fisker Ocean will give our employees and the private banking market access to latest generation technology and performance while reinforcing our commitment to a low-carbon fleet.”

Fisker is projected to start production on its first vehicle, the Ocean electric SUV, in Q4 2022. The Fisker Ocean will initially be manufactured in Europe and sold across multiple markets in Europe and North America. Interest in the vehicle continues to build at an encouraging pace, Fisker says, with global paid reservations now standing at more than 14,000.