Originally established in 2007 by Henrik Fisker. The company went bankrupt in 2012, and was sold in 2014 to a Chinese company, the Wanxiang Group, which gained the rights to manufacture the Karma plug-in hybrid sedan. Wanxiang renamed the vehicle the Karma Revero.
Henrik Fisker, who retained the rights to the Fisker brand, refounded the company in 2016, and plans to design luxury pure-electric vehicles.
