Faraday Future Raises $100 Million To Help Launch Flagship Ff 91
09/26/22, 5:44 PM
Location
californiaMoney raised
$100 million
Faraday Future said it has secured up to $100 million in funding as the struggling EV startup tries to launch its long-delayed first model, the FF 91.
Company Info
Location
california, united states
Additional Info
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.