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Fisker Stock Edges Higher Premarket As Its Set to Make First All-Electric Pope Transport

Updated: 21 May 2021

Shares of electric vehicle company Fisker Inc (NYSE: FSR) are climbing premarket on Friday after the company announced it is set to develop the first all-electric vehicle for Pope Francis after a visit to Vatican City.

According to the company, Fisker co-founders Henrik Fisker and Dr Geeta Gupta-Fisker had a private audience with the pope on Thursday, presenting a vision for the design of the truck.

An all-electric papal will be the first emissions-free vehicle used by the pope.

The Fisker Ocean SUV will support a large, all-glass cupola, offering accessibility and visibility for Pope Francis.

Fisker plans to deliver the vehicle to the pope next year. The Fisker Ocean vehicle is projected to start production in November 2022. The company currently has more than 16,000 reservations for the model.

It will be priced at $37,499 in the US and €32,000 in Germany.

“I got inspired reading that Pope Francis is very considerate about the environment and the impact of climate change for future generations,” says Henrik Fisker. “The interior of the Fisker Ocean papal transport will contain a variety of sustainable materials, including carpets made from recycled plastic bottles from the ocean,” said Henrik Fisker.

Fisker's share price is currently 2.19% higher premarket, at $12.60.

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