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Faraday Future Secures $10 Million in Funding Through Convertible Note Amendment
PRIVATESep 15, 2026•4 days ago
Amount Raised
$10 Million
Round Type
Series A
CaliforniaFinancial ServicesAutomotive
Investors
East West BankInstitutional Investor
Description
On September 15, 2026, Faraday Future Intelligent Electric Inc. entered into an amendment to a senior convertible note with an institutional investor. This amendment involves a principal amount of $10 million as part of a previously established securities purchase agreement. The agreement is aimed at enhancing the company's financial stability and growth potential.
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.
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CaliforniaFinancial ServicesAutomotive