Faraday Future Said to Plan $1 Billion Raising as Main Backer Struggles
- Electric vehicle maker has begun meeting with investors
- Plans to raise capital over the next couple of months
Faraday Gunning for Tesla With FF91 Supercar
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Electric vehicle maker Faraday Future is planning to raise $1 billion as it seeks to protect itself from the financial woes of its main backer, China’s LeEco, a person with direct knowledge of the matter said.
The startup has begun meeting potential investors and is in the process of selecting advisers, said the person, who asked not to be identified because the details are private.