SEC Closes Investigation into Bankrupt EV Startup Fisker

The financial regulator revealed it closed the probe in September 2025, about a year after it was opened.

Published on Feb. 13, 2026

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The Securities and Exchange Commission has closed its investigation into the now-bankrupt electric vehicle startup Fisker, according to records obtained by TechCrunch. The SEC opened the probe in late 2024 but revealed it was closed in September 2025, around a year after it began.

Why it matters

The closure of the Fisker investigation comes amid a broader decline in SEC enforcement actions and settlements during the Trump administration, raising questions about the agency's oversight of the electric vehicle industry and other emerging tech sectors.

The details

The SEC revealed the existence of the Fisker investigation in an October 2024 filing in the company's bankruptcy case, stating it had sent subpoenas and might need to request additional documents. However, the agency's FOIA department has now confirmed the probe was closed in September 2025, without providing details on how far the investigation progressed.

  • The SEC opened the investigation into Fisker in late 2024.
  • The SEC closed the investigation in September 2025, around a year after it began.

The players

Fisker

A bankrupt electric vehicle startup that spent years making bold promises about developing radical new technologies before pivoting multiple times and ultimately collapsing.

Securities and Exchange Commission (SEC)

The U.S. financial regulator that opened an investigation into Fisker in late 2024 and closed it in September 2025.

Henrik Fisker

The founder and former CEO of the now-bankrupt electric vehicle startup Fisker.

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What they’re saying

“The SEC revealed the existence of the probe in an October 2024 filing in Fisker's bankruptcy case. The agency wrote at the time that it had sent subpoenas to the company and that it may need to 'request or subpoena additional documents in the future relating to its ongoing investigation.'”

— Securities and Exchange Commission (TechCrunch)

The takeaway

The closure of the Fisker investigation highlights the broader decline in SEC enforcement actions and settlements during the Trump administration, raising concerns about the agency's oversight of the electric vehicle industry and other emerging tech sectors.