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Grow Fandor and Faraday Future Establish Exclusive Strategic Collaboration on Ecosystem Products
Nov 14, 2024•over 1 year ago
Contract Type
partnership
CaliforniaAutomotive
Description
Grow Fandor and Faraday Future have entered into an exclusive strategic licensing agreement, granting Grow Fandor exclusive worldwide rights to use the FF and Faraday X (FX) brands across various product categories. As the sole authorized licensee, Grow Fandor will comprehensively manage all aspects related to these products, marking a significant step in operationalizing the strategic partnership.
Company Information
Company
Faraday Future
Location
18455 South Figueroa Street
California, United States
About
Faraday Future Intelligent Electric Inc said on Monday that the electric-vehicle startup will raise up to $600 million in funding as it looks to deliver its FF 91 luxury car later this year. The company will get an initial $52 million of committed funds as part of a new financing facility. The EV firm flagged the need for more cash to launch its FF 91 model in a regulatory filing in July after CEO Breitfeld told Reuters a month earlier that it would be able to launch the car without the need for additional funding.
CaliforniaAutomotive