Faraday Future investors commit $90 million in funding

FILE PHOTO: Faraday Future's luxury electric car FF91 is seen at the company's headquarters in Gardena, California, U.S. November 21, 2019. REUTERS/Lucy Nicholson

(Reuters) - Faraday Future Intelligent Electric has received $90 million in funding commitment from its existing investors, the electric-vehicle startup said on Tuesday, sending its shares up about 5%.

The funding will be led by private equity ATW Partners, with participation from Senyun International, and will support the production and delivery of FF 91 EV, its much-delayed luxury electric sports utility vehicle.