It was founded as VL Automotive in 2012 by Bob Lutz and Gilbert Villarreal, then renamed after Henrik Fisker joined the company.

The company was founded by designer and entrepreneur Henrik Fisker, ex-General Motors vice-chairman Bob Lutz and industrialist Gilbert Villarreal.

[1] In 2013 they displayed the Destino, its first model, based on the Fisker Karma, at the North American International Auto Show in Detroit.

[1] Sales of the Destino were scheduled to commence in the second half of 2015, with cars to be built in Auburn Hills in Michigan,[8] but the company only obtained 20 Fisker Karma "gliders" and reported 100 orders by May 2013.

[9] At the January 2014 Detroit Autoshow, the company announced that production was delayed due to the ongoing restructuring of Fisker.