Faraday Future is looking for $1 billion as it seeks to go from hobbled startup to successful carmaker
|05/31/2017||Posted by BusinessMediaguide.Com under General World News||
Faraday Future, the startup vying to put its electric vehicles on the road in the next two years, has a new plan.
The company was founded in 2014 and has faced money troubles, supplier lawsuits, and high-profile executive departures ever since. Earlier this year executives told Business Insider that it’s in shambles, lacking funding and leadership.
A much-touted plant in Nevada still hasn’t emerged from the ground, and the unveiling of its new vehicle earlier this year was seen as a public relations disaster. Now, as Faraday tries to turn things around, it is hoping to raise more than $1 billion read more >>>