Faraday looks at $850m fundraise sidestepping founder’s woes

Faraday looks at $850m fundraise sidestepping founder’s woes

FF91 is Faraday Future's flagship model and first production vehicle. Photo: Company website

Faraday & Future Inc.’s new chief executive aims to raise about $850 million by the first quarter of next year, an effort he doesn’t expect to be derailed by the financial problems facing the electric-vehicle startup’s founder.

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