Slashdot: Hardware's Journal

When This EV Company Went Bankrupt, Its Customers Launched a Nonprofit to Keep Their Cars Running
Cristian Fleming paid around $70,000 for one of Fisker Ocean's electric mid-size crossover SUVs. Seven months later the company filed for bankruptcy in June of 2024, reports the Verge, "having only delivered 11,000 vehicles." "Early adopters were left with cars plagued by battery failures, glitchy software, inconsistent key fobs, and door handles that did not always open. With the company gone, there was no way to fix any issues." Regulators logged dozens of complaints as replacement parts vanished. Passionate owners who spent top dollar on high-end trims saw their cars reduced to expensive driveway ornaments. Rather than accept defeat, thousands of Ocean owners have organized into their own makeshift car company. The Fisker Owners Association (FOA) is a nonprofit that's launched third-party apps, built a global parts supply chain, and came together around a future for their orphaned vehicles. It's part car club, part tech startup, part survival mission. Fleming now serves as the organization's president... FOA calls itself the first entirely owner-controlled EV fleet in history. So far, 4,055 Ocean owners have signed up, paying $550 a year in dues that the group estimates will raise around $3 million annually, about 0.1 percent of Fisker's peak valuation. Only verified Ocean owners can become full members, but anyone can donate. The grassroots effort has precedent — DeLorean diehards and Saab enthusiasts have kept their favorite brands alive after factory closures. But those efforts focused on preserving aging vehicles. FOA is attempting something different: real-time software updates and hardware improvements for a connected, two-year-old EV fleet... The organization has spawned three separate companies. Tsunami Automotive handles parts in North America while Tidal Wave covers Europe, scavenging insurance auctions and contracting with tooling manufacturers to reproduce components. UnderCurrent Automotive, run by former Google and Apple engineers, focuses on software solutions. UnderCurrent's first product is OceanLink Pro, a third-party mobile app now used by over 1,200 members that restores basic EV features, such as remote battery monitoring and climate control. A companion device called OceanLink Pulse adds wireless CarPlay and Android Auto, with plans for future upgrades including keyless entry. "Those are things you would have expected to be in a $70,000 luxury car," says Clint Bagley [FOA's treasurer]. "But, you know, we're happy to provide what the billion-dollar automaker apparently couldn't."