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Ff Global Partners Llc Supports Faraday Future Secure $135 Million In Financing Commitments, Fully Funding The Ff 91 Futurist To Sop

PUBLIC · FFAIFeb 06, 2023

Amount Raised

$135 Million

Round Type

Funding Round

New YorkOtherFinancial ServicesArtificial IntelligenceAutomotiveRobotics

Investors

FfgpFf Global Partners Llc

Description

FF Global Partners LLC ("FFGP"), the founding shareholder and a partnership of key Faraday Future ("FF", "FFIE", "the Company") executives, today announced that on February 3, 2023, with the support of FFGP, FFIE has raised $135 million in funding (including $10 Million previously funded by an investor as an advanced payment), as well as an important modification to a major provision in the terms of the warrants in the original FF secured financing agreements. This round of financing, which remains subject to certain conditions, including for a portion of such financing, the receipt of Company stockholder approval and an effective registration statement for the shares underlying the applicable notes, came from both FFIE's current investors and new investors facilitated by FFGP, providing the sufficient funds for the SOP of the Ultimate Intelligent TechLuxury FF 91 Futurist by March 2023.

Who else raised in Financial Services and Automotive around the same time

Companies in the same sectors as Faraday Future Intelligent Electric that raised within 45 days of this round, from Fundz verified event records.

  • Vitestro raised $13M (Series A) on March 21, 2023.
  • Wingspan raised $14M (Funding Round) on March 16, 2023.
  • Grayscale Investments raised $34M (Funding Round) on March 13, 2023.
  • Grupago raised $3.1M (Seed) on February 22, 2023.
  • Stride raised $750K (Seed) on February 3, 2023.
  • Flatfee raised $900K (Seed) on February 3, 2023.

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Company Information

Company

Faraday Future Intelligent Electric

Location

New York, New York, United States

About

Faraday Future Intelligent Electric Inc. is a California-based global Embodied AI (EAI) ecosystem company. The company focuses on advancing intelligent mobility and robotics products. It aims to create innovative solutions across various industries, including education, research, and security. Faraday Future is committed to connecting technology with real-world applications.

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Faraday Future Intelligent Electric raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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