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Electric car maker Fisker Automotive has yet to file for bankruptcy or find a buyer, but it already has some alum — two former Fisker CEOs — that are working on some unusual projects.

Most notably, Reuters reported Friday that Fisker founder and former CEO Henrik Fisker has teamed up with Hong Kong mogul Richard Li in an effort to buy Fisker’s remaining $171 million in loans from the Department of Energy, so that Fisker won’t have to go bankrupt. The duo are offering between $25 million and $30 million for the loan, which would represent a discount of 17.5 cents on the dollar.

That isn’t the only low-priced bid for Fisker. A competing bid is a pre-packaged bankruptcy deal of $20 million from Chinese auto giant Wanxiang and Bob Lutz’s VL Automotive.

The other new project comes from Fisker’s former CEO Tom LaSorda, who only led Fisker for about 6 months. LaSorda has teamed up with racing investor Roger Penske to create a VC fund called IncWell, according to Bloomberg Business Week.

LaSorda told the publication that they probably wouldn’t invest in electric cars unless “unless I can get a good deal with Tesla,” and also said that they would not invest in another company founded by Henrik Fisker. LaSorda put his own money into Fisker.