Despite EV delivery delays, Faraday Future raises $90M to stay afloat

EV SPAC Faraday Future secures $90 million in funds from existing investors to get its FF 91 electric SUV off production lines.

Faraday Future has managed to raise $90 million from existing investors to help it get its much-delayed FF 91 luxury electric SUV to production and delivery. Faraday’s investors will also accelerate an existing commitment of $15 million, the EV company said Tuesday.

Via: techcrunch.com