TL;DR Faraday Future raised $25M in convertible notes for its robotics pivot. Half is locked in investor-controlled accounts. Faraday Future announced on Thursday that it has raised $25 million through convertible promissory notes, bringing its total financing over the past two months to $70 million. The company says the capital is sufficient to fund Phase
Tag: Faraday
Post
Post
Faraday Future’s FF 91 electric vehicles will cost as much
Faraday Future has officially launched its long delayed FF 91 electric vehicles, including a limited edition called the Futurist Alliance that carries a pretty hefty price tag of $309,000. As Autoblog notes, that's even more expensive than the $249,000 Lucid Air Sapphire, a "ultra-high-performance" EV with similar specs. The company's FF 91 2.0 Futurist model