#1S FI R Fisker Inc. Company Overview September 2021 FISKER 3 STATE PARKS#2Forward Looking Statements Disclosures This presentation includes forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "feel," "believes," expects," "estimates," "projects," "intends," "should," "is to be," or the negative of such terms, or other comparable terminology. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker's limited operating history; Fisker's ability to enter into additional manufacturing and other contracts with Magna, or other OEMs or tier-one suppliers in order to execute on its business plan; Fisker's ability to execute its business model, including market acceptance of its planned products and services; Fisker's inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker's inability to develop a sales distribution network; and the ability to protect its intellectual property rights; and those factors discussed in Fisker's Form 10-K/A filed with the Securities and Exchange Commission on May 17, 2021 under the heading "Risk Factors" and other reports and documents Fisker files from time to time with the SEC. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward looking statement to reflect events or circumstances after the date of this presentation. This presentation contains trademarks and trade names that are the property of their respective owners. Copyright 2021 Fisker Inc. All rights reserved. 2#3VISION A cleaner future for all MISSION Create the world's most emotional & sustainable vehicles HISTORY FISKER SNAPSHOT • Fisker Inc. established in 2016, trademarks in 20+ countries . Began trading October 30, 2020 on NYSE under 'FSR' ticker symbol • Cash and cash equivalents of $962M and no debt as of June 30, 2021* STRATEGY • First product, Fisker Ocean, expected to launch in Q4 2022 Strategy enables affordable zero-emission vehicles for mass-market customers Asset-light business model leverages partners for use of existing infrastructure, tools/equipment, and IP ESG focus at the core: Fisker aims for 100% Climate-Neutral product by 2027 (no purchased offsets) *Excludes $571m of net proceeds from August 2021 convertible note offering. Copyright 2021 Fisker Inc. All rights reserved. 3#4INVESTMENT THESIS • . Deploy Fisker design DNA, capability and IP to focus on vehicle attributes that matter most to consumers Fisker is rooted in decades of award-winning design and consumer-centric user experience Use Partnerships to drive rapid scale, de-risk execution and preserve capital in areas where differentiation not consumer-critical Asset-Light business model that leverages partner investments in existing architectures, infrastructure, IP, tools and footprint Faster path to market; less capital deployed to achieve scale Ability to share platform design elements and components among Fisker models Accelerated path to profitability with lower breakeven point; highly-predictable development costs enhance visibility World-class partners validate business model and invested in Fisker success Premium products at an affordable price poised to capture share in large addressable markets Reservation growth and surveys indicate broad interest, after minimal marketing Targeting 200k-250k annual unit sales by 2025 across 4 vehicle offerings Digital direct to consumer sales and service model provides class-leading convenience and delight to customers without associated cost and overhead Strategy enables affordable zero-emission vehicles for mass-market customers Vehicles designed with a focus on sustainability, including many sustainable components ESG focus at the core: Fisker aims for 100% Climate-Neutral product by 2027 (no purchased offsets) Copyright 2021 Fisker Inc. All rights reserved. 4#5FISKER IS DELIVERING ON INVESTMENT THESIS July 13, 2020 Announced SPAC merger Spartan Energy Acquisition Corp. October 23, 2020 Announced vehicle order MOU with Viggo for 300 units viggo November 16, 2020 Completion of first Fisker Ocean January 4, 2021 March 19, 2021 March 31, 2021 Announced joint engineering milestone development of Fisker Intelligent Pilot / gateway MAGNA Announced "cashless" redemption of all outstanding warrants Completion of second Fisker Ocean engineering milestone/gateway May 10, 2021 Reaffirmed target for Fisker Ocean to start production in Q4 2022 June 7, 2021 Announced target of 2027 for 100% climate neutral vehicle August 5, 2021 Announced Q2 2021 results in line with expectations. Cash balance higher than Street expectations. H2 2020 October 15, 2020 Announced strategic cooperation with Magna International MAGNA October 30, 2020 Spartan stockholders approved business combination; FSR begins trading on NYSE Spartan Energy Acquisition Corp. December 7, 2020 Fisker announced partnership with Cox Automotive for service/logistics Cox AUTOMOTIVE FINANCIAL MARKETS Copyright 2021 Fisker Inc. All rights reserved. H1 2021 February 24, 2021 March 26, 2021 Signed MOU with Foxconn to develop Fisker PEAR EV FOXCONNⓇ Signed agreement with Crédit Agricole Consumer Finance to supply Fisker Ocean SUVs CCRÉDIT AGRICOLE May 13, 2021 Signed binding agreement with Foxconn for development and manufacturing of Fisker PEAR EV FOXCONN May 26, 2021 Signed LOI with Mekonomen Group as service partner for Scandinavian countries Mekonomen Group June 30, 2021 Completed final contract manufacturing agreement with Magna (through 2029) MAGNA VEHICLE DEVELOPMENT 5 PARTNERSHIPS (MFG, OPS, SVC) COMMERCIAL WINS#6RE-IMAGINING THE AUTOMOTIVE COMPANY Copyright 2021 Fisker Inc. All rights reserved. FISKER#7Ford synopsys Henrik Fisker Chairman and Chief Executive Officer Dr. Burkhard Huhnke Chief Technology Officer gm A MAGNA Kim Buhl VP - Purchasing Copyright 2021 Fisker Inc. All rights reserved. FISKER EXECUTIVE TEAM Consensus Business Group LLOYDS BANK UNIVERSITY OF CAMBRIDGE Dr. Geeta Gupta Chief Financial Officer Chief Operating Officer EY John Finnucan Chief Accounting Officer HAVAL TOYOTA Dawn Ahmed SVP Marketing, Sales, and Service NISSAN T TESLA Simon Sproule SVP Communications ☑ ה mobilaye Daniel Galves VP Investor Relations Boston NETSCOUT. Scientific Scott Hodgdon VP Securities & Governance gm HARMAN Kristi Katsma VP-Automotive Senior Counsel hulu CENGAGE Tom Kneafsey VP Human Resources LAND -ROVER Christian Marti VP Sales & Marketing 7#8ASTON MARTIN Henrik Fisker Ford synopsys Dr. Burkhard Huhnke Chief Product & Design Officer Chief Technology Officer (intel Neil Banerjee KEY TECHNICAL LEADERS EA Microsoft Todd Omotani SVP User Experience Design Ford LEAR CORPORATION Pete Saglimbene VP Engineering gm NIO Jinho Jung VP Homologation and Veh Engineering SONY ㅇ ㅁ LUCID Ford Uber David Moseley VP Powertrain Murali Mogasala VP-Vehicle Line Executive IBM A alltana Gene Getsin VP Digital Product & Edge Computing amazon Rocko Carafano VP Program Ops. Alan Gerrard VP Advanced EE & ADAS VP Infotainment Copyright 2021 Fisker Inc. All rights reserved. 8#9FISKER BOARD OF DIRECTORS Henrik Fisker Chairman Co-Founder & CEO, Fisker Inc. Dr. Geeta Gupta Executive Board Member Co-Founder, CFO, COO, Fisker Inc. Rod Randall Board Member Exec Partner, SIRIS Capital Bill McDermott Lead Independent Director CEO, ServiceNow Nadine Watt Compensation Chair CEO, Watt Companies Mark Hickson Board Member EVP, NextEra Energy Inc. Wendy Greuel Audit Chair Former Controller, Los Angeles Mitch Zuklie Nominating & Corporate Governance Chair Chairman & CEO, Orrick Copyright 2021 Fisker Inc. All rights reserved. 9#10ARCHITECTS OF PRODUCT DEVELOPMENT & CUSTOMER EXPERIENCE Utilizing partners to drive scale, stay lean, de-risk, and move fast in areas where differentiation is not important Fleet Mgmt. Services Public Charging Copyright 2021 Fisker Inc. All rights reserved. Platform Sharing Services/ Logistics Deploying Fisker capability and IP in areas critical to consumer experience and Fisker brand FISKER DESIGN, INTELLECTUAL PROPERTY & KNOW-HOW DESIGN SOFTWARE 100% Fisker - Exterior / Interior; Fisker- Flexible Platform Adaptive Design supports rapid, efficient product development Create / Tune Where We See Opp's (PWT,E/Arch, Cockpit, ADAS, App) Contract Mfg. USER INTERFACE Revolutionary, intuitive UI on state-of-the-art large, high-res display Lease Financing 10 CONNECTIVITY POWERTRAIN ADAS/AV OWNERSHIP EXPERIENCE Full Over-the Air Upgrade Capability; Support Revenue Opp's Post-Sale Advanced battery pack and drive unit specified and sourced by in-house team; Proprietary BMS Fisker-Internal Fisker-Internal Fisker-Internal Fisker + Supply Chain Fisker + Supply Chain State-of-the-art L2+ plus unique convenience features Fisker + Supply Chain Fully-Digital, Direct-to-Consumer Fisker-Internal RETAIL BRAND PRESENCE Unique Fisker Experience in Major Market 'Experience Centers' Fisker-Internal#11RAPID PRODUCT DEVELOPMENT CREATES COMPETITIVE ADVANTAGE Fisker Flexible Platform-Adaptive Design (FF-PAD) Benefits ■ 2x faster development time " $2bn-$4bn lower program cost ■ Rapid portfolio expansion ■ More modern product - source technology closer to launch ■ Better view of competitive landscape at program start Copyright 2021 Fisker Inc. All rights reserved. Months FF-PAD ARCHITECTURE VS TRADITIONAL OEM TIMELINE Typical OEM Platform Program Start 60 50 Strategy (24 months) Development Time (approx. 2x faster) 40 28-30 30 48-60 10 20 22° 0 Fisker est. Trad'l OEM 11 Fisker Ocean Strategy (5 month) Delivery (10 months) Program Start Strategy Confirmed Data Release Delivery (18 months) Strategy Confirmed Program Cost (USD billions) 5 4 3 Data Release Launch (14 months) Start of Production Launch (16 months) Start of Production Program Cost (approx. $2-4 bn savings) 2 <1 3-5 0 Fisker est. Trad'l OEM#12WHY INVEST IN FISKER? WINNING PORTFOLIO INTO VERY LARGE ADDRESSABLE MARKET VOLUME AND PORTFOLIO • 4 vehicle offerings by 2025 . Targeting annual volume of approx. 200,000-250,000 units by full-year 2025 • Volume target represents ~1% of 18.8 million serviceable addressable market Fisker FM29 Platform MAGNA Fisker FP28 Platform Fisker Platform 3 2022 2023 OCEAN FOXCONN TBD Note: Company reserves the right to change prices and specifications from time to time Note: Volume target requires additional capacity and investments Copyright © 2021 Fisker Inc. All rights reserved. 22 12 2024 PROJECT UFO PROJECT PEAR 2025#13STRONG STRATEGIC PARTNERS SUPPORT AND VALIDATE FISKER BUSINESS MODEL: MAGNA Speed-to-market, profitable BOM, and advanced features de-risk manufacturing cost, quality, and timing MAGNA Deep collaboration on unique FM29 architecture & Ocean development/sourcing Binding agreements for platform-sharing, engineering / purchasing services, contract manufacturing all complete (MOU was announced Oct 2020) Fisker Engineering chooses all vehicle attributes and directs all component engineering Ability to monetize 100% of emission credits Magna manufacturing experience / capability ensures launch timing/quality Decades of experience (current brands: Daimler, BMW, Toyota, Jaguar); EV production since 2018 Plan for ramp beyond 5,000 units per month during 2023; ability to expand with limited investment World-class manufacturer limits quality risks / launch delays/ manufacturing time over-runs Equity Stake Joins The Two Companies "At The Hip" Magna incentivized for success of Ocean program through 6% equity stake; first two warrant tranches vested as of June 2021; third tranche at start of production. Copyright 2021 Fisker Inc. All rights reserved. 13#14STRONG STRATEGIC PARTNERS SUPPORT AND VALIDATE FISKER BUSINESS MODEL: FOXCONN Speed-to-market, profitable BOM, and advanced features de-risk manufacturing cost, quality, and timing FOXCONN Unique co-investment business model ■ Binding agreement finalized May 2021: roles / responsibilities, timeline, economics Design by Fisker; joint engineering / sourcing; manufacturing by Foxconn; vehicles to be sold exclusively under Fisker brand Goal to develop and source PEAR as tech product not an auto product Creating the sub-$30k no-compromise EV price segment ■ Expected start of production Q1 2024 in United States; targeted production of 250k vehicles per year once manufacturing footprint expands (China, Europe, and India) Expected pricing to start below $30k; meaningfully lower investment cost relative to Ocean Foxconn supply chain influence has already benefited Ocean and PEAR Radical exterior design complete, concept engineering in full swing Confident in Foxconn manufacturing capability • Decades of experience in high-complexity electronics supply chain mgmt. and assembly Experience gained through several non-Fisker automotive launches before PEAR Copyright 2021 Fisker Inc. All rights reserved. 14#15FISKER OCEAN DEVELOPMENT LAYS THE FOUNDATION FOR AFFORDABLE PARTS- SHARING ACROSS FISKER PORTFOLIO; PEAR IS FIRST EXAMPLE PEAR WILL SHARE MANY COMPONENTS WITH OCEAN AND UFO Advantages of carryover components (Ocean to PEAR): Lower investment: No duplicate engineering / tooling investment for carryover parts Lower pricing: Additional volume from PEAR attractive to supply chain Leverage in-house engineering: Less unique components on 2nd program Examples of Synergies Central Display: Large, high-resolution, low latency central screen from Sharp Centralized processors: High-performance compute scales across platforms Fisker cloud and software: Scales easily from Ocean to PEAR Door handles, etc: Multiple body components can be re-used due to low Ocean BOM cost Test and validation: In-house Fisker capability, upfront investments scale to PEAR Lower Fisker investment for PEAR, despite dedicated assembly plant and higher initial capacity compared to Ocean Copyright 2021 Fisker Inc. All rights reserved. 15 Ocean Pgm Cost New Plant Component Sharing Capex Efficiencies Co-Investment PEAR Pgm Cost#161000 000 FISKER PRODUCTS POSITIONED TO WIN IN LARGE ADDRESSABLE MARKETS FISKER Copyright © 2021 Fisker Inc. All rights reserved.#17FISKER OCEAN: ON-TRACK FOR EXPECTED LAUNCH IN NOVEMBER 2022 FISMER Note: With respect to range, final EPA results to be verified and may vary Note: Company reserves the right to change prices and specifications from time to time Copyright 2021 Fisker Inc. All rights reserved. AIMING TO BUILD THE WORLD'S MOST SUSTAINABLE VEHICLES True, midsize SUV (not hatchback) Modern powertrain supports benchmark range / power combination; up to approximately 350 miles all-electric range, approx 400+ kw / 545 hp power output 2WD & Dual-Motor AWD Fisker-unique center display (class-leading in size and resolution) All-Vegan interior, recycled materials, optional solar roof, built in 100% carbon- neutral factory Aluminum-intensive skateboard MSRP of approximately $37,499- $69,900 USD Unique, flexible leasing model, approximately $379-$999 per month Development stage: Completed engineering milestones to-date on-time, joint program office in Austria established, prototype build phase kicked off 17#18FISKER WHY BUY FISKER OCEAN VERSUS COMPETITORS FISKER DESIGN Modern SUV, several design awards " Stands out versus hatchback comp's Benchmark range despite drag penalty of SUV shape 1 SUSTAINABILITY Eco-suede interior trim from recycled polyester (all-vegan interior) Carpets from recycled ocean waste Built in 100% carbon-neutral factory (as of 2022) Solar roof available 2 PRICE Similar pricing to comparable premium ICE SUV's. Don't need to pay more just because it's an EV. Best-in-class range & performance specifications & electronics across entire Ocean price range. 3 39 123 POWERTRAIN TECH Advanced battery pack, drive unit and in-house battery mgmt. system Ocean Extreme: approximately up to 350 miles of range and 400+ kw / 545hp power output. High charge speeds Copyright © 2021 Fisker Inc. All rights reserved. 4 USER INTERFACE Seamless user interface on Fisker-unique central display with benchmark size, resolution, and responsiveness. Intuitive menu, haptic controls, voice rec Syncs with Flexee App, personal devices 5 Note: Company reserves the right to change prices and specifications from time to time. 18 CALIFORNIA MODE Eight glass panels open with the push of one button. Patent pending. Convertible feel in fixed roof vehicle FISKER 6#19FISKER R&D AND IP FOCUSED ON FEATURES THAT ENHANCE CUSTOMER EXPERIENCE POWERTRAIN DIFFERENTIATION Advanced Battery System & Vehicle High Voltage System Improved cell/pack / vehicle body integration Enhanced DC Fast Charge support Ability to adopt next-gen battery chemistries mid lifecycle Smarter Charging Solar PV integration Smart home integration Powertrain Domain Intelligence Fisker BMS with smart cell management Fisker Vehicle Control Unit with Al accelerators Efficient Drive Units Deep collaboration with Drive Unit and cell suppliers to optimize power output Silicon Carbide inverter and proprietary clutching eliminates range / power output trade-off (i.e. performance version doesn't reduce range) Advanced e-axle systems SOFTWARE-ENABLED FEATURES Infotainment/Human-Machine Interface Infotainment s/w stack with full connectivity Seamless, intuitive UI/UX across all displays, incl first-of-its-kind center screen. Rapid integration of popular services. Personal mobile devices as add'l displays Vehicle Electrical Architecture Platform ☐ ECU consolidation/domain controller design Custom board design Connectivity & Edge Computing " Software OTA capability built-in from day one Deploy Master Data Mgmt. to optimize ownership experience Personalization through Fisker user profile Advanced Driver Assistance Systems All Active Safety features required for 5-star. L2+ capable at launch. Use data from Mobileye vision, 4D radar, and central processor to focus on safety, convenience, and entertainment features. Sensor suite standard on all versions. Enables a variety of software-based revenue models (i.e. vehicle lifetime or subscription-based) Copyright 2021 Fisker Inc. All rights reserved. 19#20North America / Europe Total Passenger Car + SUV: 29.4M units Fisker SAM: 5.6M units TOTAL SERVICEABLE ADDRESSABLE MARKET (SAM): ~19M UNITS BASED ON PRICE RANGE OF OCEAN AND PEAR OCEAN OCEAN/UFO volume target North America / Europe / China North America / Europe Total Passenger Car + SUV: 42.8M units Fisker SAM: 8.1M units OCEAN/UFO volume target Source: Volume and segment data from LMC Automotive Notes: 1) Total market data excludes all vehicles priced above $70,000 and all vehicles outside Passenger Car, SUV, Crossover segments. 2) Ocean and PEAR SAM's are non-duplicative; 3) Inclusion in SAM of portions of non-premium SUV and passenger car segments based on company analysis of relevant price point and surveys of what vehicles Fisker reservation holders currently drive. Copyright 2021 Fisker Inc. All rights reserved. 20 20 Total Passenger Car + SUV: 29.4M units PROJECT PEAR North America / Europe / China Total Passenger Car + SUV: 42.8M units Fisker SAM: 7.0M units Fisker SAM: PEAR volume 10.7M units target PEAR volume target#21STRATEGY DRIVES COMPETITIVE PRICING (vs EV as well as ICE) $45 K $37 K $37 K $40 K $41 K Chevy Bolt EUV FISKER OCEAN Hyundai Kona Nissan Ariya VW ID.4 Ocean vs Selected Comparable EV's and ICE SUV's $34 K $69 K $47 K $50 K $46 K Alfa-Romeo Stelvio $41 K $48 K Mercedes GLC $43 K $52 K Cadillac XT5 $44 K $56 K BMW X3 $44 K $58 K Ford Mach E $44 K $61 K Audi Q5 $44 K $63 K Audi Q4 e-Tron* $45 K $70 K Lexus RX $46 K $62 K Tesla Model Y $50 K $72 K Polestar 2 $60 K $71 K Cadillac Lyriq* $60 K $80 K M-B EQC Rivian R1S Jaguar I-PACE $68 K $88 K $70 K $90 K $70 K $84 K Macan EV $75 K $95 K BMW IX $85 K $100 K $25 K $40 K $55 K $70 K $85 K $100 K Note: Models with asterisks are not official pricing. Estimates taken from media and analyst reports Source: Company websites, True Car. Prices may vary based on geographic location. Copyright 2021 Fisker Inc. All rights reserved. 21 Electric Vehicles Internal Combustion Vehicles#22Driving Range (Miles, EPA) 400 350 OCEAN STANDS OUT ON A PRICE VS RANGE BASIS EV Crossover SUV, US Landscape (Range vs Price) Fisker Ocean Power Fisker Ocean Extreme 300 Ford Mach-E Ext Range Hyundai Ioniq 5 Tesla Model Y Long Range Rivian R1S Tesla Model Y Perf Nissan Ariya Ext Range VW ID.4 250 Fisker Ocean Sport Chevy Bolt EUV Cadillac Lyriq Audi Q4 E-Tron Mercedes EQA Polestar 2 BMW iX3 Hyundai Kona 200 Ford Mach-E Base Nissan Ariya Base Toyota C-HR Mercedes EQC Volvo XC40 Audi E-tron 150 BMW iX • Premium Brand Non-Premium Brand 100 20,000 30,000 40,000 50,000 60,000 70,000 80,000 90,000 Pricing (MSRP, ex destination (USD)) Note: Models with asterisks not official pricing. Estimates from media and analyst reports Source: Company websites, True Car, Motor Trend, Car and Driver Copyright 2021 Fisker Inc. All rights reserved. 222 • • Ocean Sport priced comparably to non-premium brands; Will stand out for better design, range, acceleration, and displays / UI Ocean Power is priced at or below base versions of premium BEV'S with much higher range and other premium content Ocean Extreme: benchmark performance for any EV <$70,000#2318,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 STRONG RESERVATION GROWTH; AND SURVEYS OF POTENTIAL CUSTOMERS INDICATE BROAD INTEREST • Consistent reservation growth with very limited marketing • Over 62,500 indications of interest (Fisker app registration) • Catalyst for further growth: Ocean unveil in November 2021, followed by planned marketing campaigns Reservation-holder survey (as of January 2021); What do you currently drive? 54% non-SUV 54% non-premium brand 81% non-EV 2,000 Nov. 27 App Launched Jan. 5 Fisker Ocean Revealed at CES Jul. 13 SPAC Merger Announced Oct. 15 Magna Partnership Announced Oct. 21 Virgo Fleet Agreement Signed Mar. 8 2nd Fleet Order Signed Feb. 24 Foxconn MOU Dec. 17 Feb. 25 Magna Definitive Agreements Inaugural Earnings Call Feb. 26 3rd Highest Single-Day Reservations Captured May 14 17,500+ 3rd Fleet Order Signed *Date as of August 9, 2021 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Copyright 2021 Fisker Inc. All rights reserved.#24NEAR-TERM MARKETING & LAUNCH TARGETS November 2021: Reveal Fisker Ocean at LA Auto Show Launch online design studio, including detailed pricing/content/specifications Initiate US and Europe marketing campaigns Drive reservations to 25k at 2021YE and 50k at SOP January 2022: Open initial Experience Centers November 2022: Fisker Ocean Start of Production Concurrent start of deliveries in US and Europe Ongoing: Continue to execute on Fisker PEAR Ongoing collaboration of engineering / supply chain teams in US and Taiwan Select site for US production starting in Q1 2024 Ongoing: Continue to execute on financial targets On-track for 2021 spending guidance, now including PEAR spending and expanded test and validation activity Copyright 2021 Fisker Inc. All rights reserved. 24#25APP CAPABILITIES UNIQUE DIGITAL USER EXPERIENCE Digital User Experiences that bring class-leading convenience and delight to our customers, driven by a human-centered design philosophy, delivered over-the-air to the car and through the App Customer lifecycle managed entirely through integrated digital channels Ease of use and vehicle controls enabled by the Connected Fisker Vehicle App User experiences provided by downloadable updates delivered by the Fisker Cloud Over-the-Air Platform ENGAGE TRANSACT FULFILL Social Feed Configurator Reservation Finance & Insurance Credit App (Ordering) Lender Offers Live Nov 2021 Live Jul 2022 Aug 2022 Copyright 2021 Fisker Inc. All rights reserved. 25 Connected Car Features DIGITAL FUNCTIONALITY- mobility on your terms. IN CAR Infotainment customization and service provider upgrades Fisker Digital Concierge proactively helps users with service appointments, roadside assistance, vehicle updates Remote vehicle system status monitoring OPERATE Service and Trade-In Aftersales Nov 2022 ....and more#26INNOVATIVE & SUPERIOR FLEXIBLE LEASING STRATEGY Fisker's Innovative Flexible Lease Drives Lower Monthly Payments vs. Competition... Fisker Ocean ...And is a Win / Win for Fisker and Its Customers Benefits to Consumer Avg. Segment¹ Competitor (EV) Base: $379 Monthly (SUV) Base: ~$775 Monthly (Crossover) $2,999 Drive Off ~$3,500 Drive Off No Hidden Costs Includes full service/maintenance Flexible Term No long-term commitment No Fixed Term 36 Month Term 30,000 Miles per Year ¹Segment is defined as compact electric crossovers / SUV's Source: Company websites, True Car Copyright 2021 Fisker Inc. All rights reserved. Benefits to Fisker Initial Down Payment & Subsidy Expect multiple down payments over 8 years Capture larger % of total consumer auto spend (i.e. meaningful % of $125k over 8 years) 15,000 Miles per Year High Mileage Allowance 30,000 miles/year with monthly rollover Lease "Fleet" Grows over Time New paradigm of recurring lease revenue on growing fleet 26 Note: Company reserves the right to change prices and specifications from time to time#27OUTSOURCED SERVICE MEANS “PAY FOR WHAT YOU USE" Fisker plans to utilize existing service networks globally... US: MOU with Pivet¹ (Cox Automotive brand) for service, maintenance, logistics support Europe: MOUS with Cox Automotive for UK and with Mekonomen for Norway, Sweden, Denmark; Advanced discussions for providers in other EU countries Customer Requests Service on Flexee App Service Performed at Authorized Facility Vehicle Returned to Customer Fisker-branded concierge personnel handle transport to and from service facility, providing hassle-free digital experience PIVET Footprint 78 US Locations 108 Global Locations Pivet and Manheim service locations as of June 2, 2020. Capabilities² ■ Logistics " Warehousing Re-fleeting Service Trade-in valuation Services Anticipated To Be Covered • Vehicle management Vehicle storage Dockside collection • PDI • Initial customer delivery • Mobile vehicle servicing End of lease collections Vehicle refurbishment • Trade in process (1) Pivet provides end-to-end vehicle services via an integrated partner network comprised of vehicle service providers, including Manheim and other Cox Automotive service locations, franchise and independent dealers and independent service providers. (2) Representative sampling of Pivet and Cox Automotive capabilities. Copyright 2021 Fisker Inc. All rights reserved. 27#28LEVERAGE PUBLIC FAST-CHARGE NETWORKS FOR SEAMLESS CUSTOMER ACCESS Agreements (non-exclusive) with key partners in US and Europe SEAMLESS AND ULTRA-FAST PUBLIC CHARGING FOR CUSTOMERS Leverage expected infrastructure growth of public charging networks. Fits with Fisker asset-light philosophy Compatibility with public networks designed-in to Fisker vehicles and connected App ELECTRIFY AMERICA • Non-exclusive agreement to offer package rates to Fisker customers • EA has plans to deploy $2bn through 2027, including highway network plus DC Fast and Level 2 chargers in 17 metropolitan areas ELECTRIFY AMERICA EXISTING AND PLANNED NETWORK ALLEGO . Large pan-European public charging network (12k+ locations in 12 countries) Fisker committed to $10 million PIPE investment, expected to close Q4 2021 Fisker Ocean customers that take delivery Jan 1, 2023 to March 31, 2024 receive 1 year of free charging on Allego network Allego / Fisker to work together to integrate Allego network onto Fisker app for seamless "plug & charge" access across Europe ALLEGO EXISTING AND PLANNED NETWORK San Jose Fresno Los Angeles Seattle Portland San Diego Sacramento San Francisco Source: Electrify America Note: Investment plan through 2027 Denver Copyright 2021 Fisker Inc. All rights reserved. Chicago Boston New York Philadelphia Washington Raleigh. Houston Miami NOTE: Map includes both public and non-public sites. Operational Secured Expansion Future Expansion Plans Current AC Sites Current Fast and Ultra-Fast Sites 28 Select Sites in Backlog#29OCEAN ECONOMICS AND MILESTONES Copyright 2021 Fisker Inc. All rights reserved.#30AVERAGE SELLING PRICE (ASP) • Projecting mid-$50k ASP at Ocean maturity (likely higher in first 1-2 full years based on industry norms) In-line with 5 highest-selling ICE premium SUV's ($49.1k-$55.4k)* • BILL OF MATERIALS (BOM) Pursue Supply Chain "best pricing" through: • . Benchmarking ("should-cost") group Speed-to-market C-level attention / decision-making Influential partners ASSEMBLY . Finalized long-term manufacturing agreement • • Agreement covers planned volumes, cost, and quality metrics Contract mfg de-risks quality and timing of launch and ramp-up Copyright 2021 Fisker Inc. All rights reserved. OCEAN OPERATING MODEL ILLUSTRATIVE ECONOMICS FOR FISKER OCEAN PROGRAM (LIFETIME AVG) Approximate sales price Approximate Bill of Materials Approx Assembly, Shipping, and Logistics, Warranty and Tariffs Approximate Gross Profit Incremental revenue for upper trim-levels and options converts at high margin POWER SPORT EXTREME Vehicle Packages 30 Note: Company reserves the right to change prices and specifications from time to time *Represents Audi Q5, BMW X3, Mercedes GLC, Lexus RX, Cadillac XT5 (Source: JD Power)#31$667.5M GREEN CONVERTIBLE NOTE OFFERING ✓ $667.5 mm convertible note offering, maturing 2026** ✓ 2.5% coupon, 30% base conversion premium Stock Price Net Share Dilution (mm shares)* Dilution as % of Outstanding Shares* $20 0.0 0.0% ✓ 4th pre-revenue company to execute a convertible note (out of approx. 300 total issuances, 1/1/2020 through 8/17/2021). Fisker's is largest such offering, 2nd lowest coupon, and highest effective conversion premium, including capped call (Source: Factset) $25 0.0 0.0% $30 0.0 0.0% Cap price of purchased cap call initially $32.57 per share, a premium of approx. 115% above last reported sale price of Fisker Class A common stock on August 12, 2021 $35 2.2 0.7% $40 5.9 2.0% $45 8.8 3.0% No actual dilution below $32.57 stock price and limited dilution even in high stock price scenarios if we settle the principal amount in cash, as currently intended $50 11.1 3.7% * Assumes Fisker repays the principal amount in cash. Shows actual dilution and not GAAP dilution. Under GAAP accounting, the capped call does not reduce dilution until settlement. **Gross proceeds. Includes underwriter's exercised purchase of an additional $42.5M aggregate principal amount of notes on August 25, 2021. Copyright 2021 Fisker Inc. All rights reserved. 31#32USE OF PROCEEDS: FORTIFYING AN ALREADY-STRONG BALANCE SHEET Cash and Cash Equivalents ($ millions) ✓ Fisker PEAR platform and vehicle development ✓ Battery pack manufacturing and potential localization 1800 $1,533 1600 1400 1200 $962 ✓ Development of additional new models and technology 1000 800 ✓ De-risk strategic plan 600 400 200 Expand key talent hiring 0 June 30, 2021 Proforma June 30, 2021* New or existing eligible Green projects (including above) ✓ Working capital and general corporate purposes * Includes net proceeds of $571 million from the convertible note offering. $667.5m aggregate principal amount less $96.8m cost of capped call less fees and expenses. Copyright 2021 Fisker Inc. All rights reserved. 32#33ESG FOCUS AT THE CORE We set an ambitious goal: Climate Neutral Vehicle by 2027, without offset purchases Planning for climate-neutral in all 5 phases, validated under ISO-based Lifecycle Analysis reporting Fisker Ocean: focus on sustainability goes well-beyond zero emissions at tailpipe • Responsible Supplier Policy in place and publicly available • Manufactured in Magna's CO2-neutral manufacturing facility (as of 2022) • Meaningful recycled materials and fully vegan interior Asset-light strategy itself is ESG-forward (i.e. no new brick-and-mortar) • . Fully-digital OEM, not requiring typical manufacturing, dealer, or service networks Minimizing our impact through utilization of existing facilities • Enables affordable zero-emission mobility for the mass-market Building internal capability to measure, value, and report on ESG impact areas • Validating measurement and impact through SASB reporting framework Dozens of ESG-related department-level deliverables in place for 2021 Validating measurement and impact through SASB Copyright 2021 Fisker Inc. All rights reserved. 33#34FISKER OCEAN ON-TRACK FOR EXPECTED DELIVERY IN Q4 2022 THANK YOU OCEAN FISKER