Fisker (NYSE: FSR) delivered its first Ocean electric SUV in Europe last week even as some of the other EV startups have faltered on execution. The model offers the highest range among electric SUVs in Europe and might heat up competition in the industry. 

Fisker CEO Henry Fisker delivered the vehicle – a limited Ocean One launch edition model –to the buyer at the Fisker Center+ facility in Copenhagen. 

Fisker said, “I’m super excited to be in Copenhagen to hand over the first Fisker Ocean.” 

The model has 440 UK miles confirmed WLTP (Worldwide Harmonized Light Vehicles Test Procedure) range which is the highest among electric SUVs currently available in Europe. 

Notably, a higher range aids EV adoption as it helps address range anxiety, which is the fear in some drivers that their car might lose charge midway. 

Companies that Tesla have invested in the charging network which also acts as a competitive advantage. Tesla is the largest seller of BEVs (battery electric vehicles) globally. 

Tesla incidentally is the role model for startup EV companies and almost all aspire to repeat the company’s success both operationally as well as financially 

However, most EV startups are struggling. For instance, NIO – nicknamed the “Tesla of China” – delivered fewer than 10,000 cars in April.