Faraday Future obtains $25M to ship 1,500 robots by year’s end

Faraday Future Intelligent Electric Inc. last week said it has raised $25 million in fresh funding. The company entered into a securities purchase agreement with investors to issue convertible promissory notes.

The Los Angeles-based company said the funding will help it implement its AI strategy and deliver humanoid and bionic robots. Combined with the $45 million financing announced in April, Faraday Future has secured a total of $70 million in financing over the past two months.

Founded in 2014, Faraday Future is a mobility developer that entered the robotics market with three legged models earlier this year: FF Futurist, FF Master, and FX Aegis. The company began selling its robots in February 2026, and, as of the end of April, has shipped 68 robots. It hopes to ship 200 robots in Q2 2026 and ship 1,500 robots by the end of the year.

Faraday Future claimed that it had more than 1,200 non-binding, paid pre-orders at launch.

Faraday Future signs MOU with RobotShop

Faraday Future also signed a memorandum of understanding last week with RobotShop, a North American e-commerce platform for robotics. As part of the agreement, RobotShop will offer Faraday Future’s robots for purchase on its platform.

With the partnership, Faraday Future now has immediate product coverage across North America and other core global markets.

“Our partnership with RobotShop allows us to bring our full portfolio of EAI Robotics’ products to our users with a practical path to adoption, in an efficient, convenient platform which supports them at every step, from product discovery to distribution,” said Chris Chen, co-CEO of FF AI-Robotics. “This partnership is a perfect fit for us, as it offers strong transactional support for our mission of becoming a physical AI ecosystem company focused on EAI [embodied AI] robotics, matched with RobotShop’s strong global presence and reputation in the robotics industry.”

First-quarter revenue increases 62% year over year

In the first quarter of 2026, Faraday Future reported $512,000 in revenue. This represents a 62% increase from $316,000 in the same period last year. It also nearly matches the full-year 2025 revenue of $536,000.

This revenue included both device sales and ecosystem revenue. Ecosystem revenue, including SKILLS and software capability packs, accounted for 26% of the company’s total revenue.

“The first quarter of 2026 marked a pivotal transition for our business as our Three-in-One EAI ecosystem strategy began forming a tangible commercial closed loop,” said YT Jia, Global CEO of Faraday Future. “We have officially upgraded our positioning to become a physical AI ecosystem company. By achieving scaled delivery of humanoid and bionic EAI robot terminals, generating positive single-product gross margins, we are rapidly converting our first-mover advantage into sustained competitive leadership.”

Investment goes to operating budget

According to the agreement, the investors purchased convertible promissory notes from Faraday Future in an aggregate principal amount of $25 million. The shares of common stock underlying the notes issued in the financing are currently unregistered. They are subject to trading restrictions and are not immediately tradable.

Of this amount, $12.5 million will be remitted directly to Faraday Future’s operating account. The remaining $12.5 million will be deposited, pursuant to controlled account agreements with each investor, into control accounts under the control of such investor and will be released to the company upon satisfaction of certain conditions.

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