Faraday Future Announces it has Raised $100 Million in Debt Financing to Help Advance the Countdown to FF 91 Delivery, Following the Signing of the Merger Agreement with Property Solutions Acquisition Corp (PSAC)
Amount Raised
$100 Million
Round Type
Debt Financing
New YorkOtherFinancial ServicesArtificial IntelligenceAutomotiveRoboticsDescription
Faraday Future ("FF"), a California-headquartered global shared intelligent mobility ecosystem company, announced today that it has raised approximately US$100 million in debt financing commitments led by Ares, along with existing lender Birch Lake and other lenders joining the debt financing round. Birch Lake affiliates remain the Majority Notes Purchaser and Collateral Agent on the secured financing facility. This new funding allows FF to build upon the momentum of a well-developed vehicle program and begin production preparation at FF’s manufacturing facility in Hanford, California and advance the countdown of the delivery of the FF 91, which is planned for approximately 12 months after the close of its previously announced merger with Property Solutions Acquisition Corp (“PSAC”).
Quick answer
Faraday Future Intelligent Electric raised $100 Million in a Debt Financing round, dated March 26, 2021. Faraday Future Intelligent Electric is based in New York, New York, United States.
- How much did Faraday Future Intelligent Electric raise?
- Faraday Future Intelligent Electric raised $100 Million in a Debt Financing round on March 26, 2021.
- What does Faraday Future Intelligent Electric do?
- Faraday Future Intelligent Electric Inc. is a California-based global Embodied AI (EAI) ecosystem company.
- Where is Faraday Future Intelligent Electric based and how big is it?
- Faraday Future Intelligent Electric is based in New York, New York, United States. Fundz records about 560 employees.
- Who are the decision-makers at Faraday Future Intelligent Electric?
- Fundz holds 2 contacts at Faraday Future Intelligent Electric, including the Product Definition and Business Development. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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.
- BrightPlan Group raised $9.6M on May 7, 2021.
- Daloopa raised $23M on April 30, 2021.
- BrightPlan Group raised $9.5M (Series A) on April 1, 2021.
- ForSight Robotics raised $10M (Seed) on March 11, 2021.
- UiPath raised $750M on February 11, 2021.
- Opentrons Labworks raised $25M on February 9, 2021.
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