US EditionEXCLUSIVE: Faraday Future Raises $105 Million To Scale FX Super One And Speed Up US EV Growth
LOS ANGELES COUNTY, CALIFORNIA, JUL 16 – Faraday Future secured $105 million to fund the FX Super One launch and boost AI vehicle production despite an SEC preliminary enforcement review, company executives said.
- Faraday Future announced it has secured $105 million in financing in Los Angeles supporting the July 17, 2025 launch of the FX Super One.
- Facing a preliminary Wells Notice from SEC staff, the company has sold around 16 cars this year, prompting its latest financing push.
- The $105 million was structured with $82 million in convertible notes and warrants and $22 million from cash conversions, led by Master Investment Group and Sheikh Abdulla Al Qassimi.
- The $105 million in additional funding will significantly strengthen the Company's ability to launch FX Super One and scale production readiness, said Jerry Wang, adding efforts to accelerate AI development.
- If everything goes according to plan, the FX Super One will roll out in early 2026, be assembled at Hanford, California with 50% locally-sourced parts and over 10,000 reservations.
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