EV maker Faraday Future to raise $100m in debt to support delivery plans

EV maker Faraday Future to raise $100m in debt to support delivery plans

A Faraday Future FF 91 electric car is displayed on stage during an unveiling event at CES in Las Vegas, Nevada January 3, 2017. REUTERS/Steve Marcus

Electric vehicle (EV) startup Faraday Future Intelligent Electric on Tuesday said it was raising $100 million in debt as it aims to achieve initial deliveries of its flagship FF 91 Futurist vehicle after a funding crunch led to multiple delays.