Tech Company Financing Transactions
Faraday Future Funding Round
ATW Partners and Senyun International participated in a $90 million funding round for Faraday Future. The round was announced on 6/28/2023.
Transaction Overview
Company Name
Announced On
6/28/2023
Transaction Type
Venture Equity
Amount
$90,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Faraday is one of a litany of EV SPACs -- EV startups that went public via a merger with a special purpose acquisition company -- that has struggled to stay afloat. The company keeps burning through cash and putting its hand out for more, while pushing the delivery date of its vehicles. Against that backdrop, Faraday Future has also been investigated by the U.S. Securities and Exchange Commission and the Department of Justice, and suffered through one internal drama after another.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
18455 S Figueroa St.
Los Angeles, CA 90248
USA
Los Angeles, CA 90248
USA
Phone
Website
Email Address
Overview
Faraday Future is a design and technology company developing global solutions that re-imagine transportation, content, and ownership. At Faraday Future, we believe that today's cars do not meet today's needs. Technological innovations, energy constraints, urban crowding, and demanding lifestyles have each contributed to a fundamental shift in our relationships with our cars.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Carsten Breitfeld
Founder
Yueting Jia
VP - Human Resources
Vince Nguyen
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