Electric vehicle maker Fisker filed for Chapter 11 bankruptcy protection, the second electric startup to do so in the last year as even industry leaders struggle to lure more buyers beyond early adopters.

Fisker Group Inc. said in a filing with the U.S. Bankruptcy Court in Delaware that its estimated assets are $500 million to $1 billion. It estimated liabilities are $100 million to $500 million, with 200 to 999 creditors.

The 7-year-old electric car company was founded by Henrik Fisker, who has been its chairman and CEO. He designed the company’s Ocean all-electric SUV as well as the luxury plug-in hybrid Karma.

Electric vehicle maker Lordstown Motors Corp. sought bankruptcy protection last summer. — Associated Press