Faraday Future secures $30 million financing to develop affordable high-performance AIEV vehicles

From Nasdaq: 2024-12-22 20:38:07

Faraday Future Intelligent Electric Inc. (FFIE) secures $30 million in cash financing commitments to accelerate growth and develop affordable high-performance AIEV vehicles. The financing includes $7.5 million received in Q4 and $22.5 million in new cash commitments. The funds will be used for Faraday X (FX) strategy, filling the U.S. market gap, and general corporate purposes. Two FX prototype mules will arrive in Los Angeles this month for product development and testing at FF’s manufacturing facility in Hanford, CA, with a stop in Las Vegas from January 5 to 7, 2025, for updates on FX strategy.



Read more at Nasdaq: Faraday Future Intelligent Electric Secures $30 Mln Financing To Strengthen Core Business