05:07 AM EST, 01/29/2025 (MT Newswires) -- Faraday Future Intelligent Electric ( FFIE ) said late Tuesday that it received full net proceeds from a $30 million financing announced in December.

The California-based electric mobility company said the latest capital infusion will support, among other things, ongoing deliveries this year of the FF 91 2.0 electric full-size luxury crossover SUV.

Shares of the firm were up more than 22% in premarket activity Wednesday.