The company was founded by designer and entrepreneur Henrik Fisker, ex-General Motors vice-chairman Bob Lutz and industrialist Gilbert Villarreal. The company's name is taken from the initials of their surnames.
In 2013 they displayed the Destino, its first model, based on the Fisker Karma, at the North American International Auto Show in Detroit.
In 2016 they debuted the Force 1, a 745 hp American sports car at the North American International Auto Show.