TECH NEWS
Faraday Future raised $25 million for its robotics pivot. The fine print tells a different story.
TL;DR Faraday Future raised $25M in convertible notes for its robotics pivot. Half is locked in investor-controlled accounts. Faraday Future announced on Thursday that it has raised $25 million through convertible promissory notes, bringing its total financing over the past two months to $70 million. The company says the