Financial deal paves way for Faraday production

Faraday Future said last week it had signed a deal to raise up to $350 million as the electric vehicle startup looked to roll out its FF 91 luxury SUV. The California-based company said that financing from an affiliate of Yorkville Advisors at an initial commitment of $200 million gives it financial flexibility to help start production and deliver its car to customers. Faraday Future settled a governance dispute in September and raised $100 million after it said a “misinformation campaign” and threats against some board members had affected its fundraising efforts.