Faraday Future Secures Up to $105M Funding Commitment
Portfolio Pulse from Happy Mohamed
Faraday Future (NASDAQ:FFIE) has secured an additional funding commitment of $90 million, led by ATW Partners funds, with participation from Senyun International. The funding will support the production and delivery of the FF 91 electric vehicle and help the company reach its long-term strategic goals.
June 27, 2023 | 1:07 pm
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Faraday Future has secured $90M in additional funding, which will support the production and delivery of its FF 91 electric vehicle and help the company reach its long-term strategic goals.
The additional funding commitment of $90 million will support the ongoing production and delivery of Faraday Future's FF 91 electric vehicle, which is highly anticipated in the market. This funding will help the company reach its long-term strategic goals, including additional production scaling, further improvement of the sales and service system, global business development, and improving general day-to-day operating cash flow. As a result, this news is likely to have a positive short-term impact on FFIE's stock price.
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