Wednesday, June 28, 2023

Faraday Future Gets Another $90M

Los Angeles-based electric vehicle maker claims that it has secured additional funding of $90M, plus an acceleration of an existing funding commitment of $15M. According to the company, the funding was led by existing investor ATW Partners funds, plus Senyun International. The company--which publicly trades on the Nasdaq as FFIE--says it will use the funding to support ongoing production and delivery of its FF 91 electric vehicle.