faraday future

faraday future

Electron Transport, a Los Angeles startup founded by alumni of electric automaker Faraday Future and military technology firm Anduril, is raising a $28 million funding round, per regulatory filings.

Dubbed a “stealth electrification startup” by its founders, Electron Transport has closed on $24.7 million and aims to raise nearly $3.5 million more, according to an SEC filing. The firm is developing an electric truck chassis, dot.LA has learned.

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Many leading venture capitalists in Los Angeles say they've altered their investment strategy because of climate change, and some are responding to the crisis by pouring more cash into clean-tech startups.

A majority, or 60%, of the more than two dozen investors polled by dot.LA said climate change is affecting how they invest.

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After a string of funding problems that have delayed the release of its first car, Faraday Future announced Tuesday that production would start by July 2022 at an assembly plant in Central California.

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