📄 Extracted Text (314 words)
From: Stefan Krause
To: [email protected]
Cc: David Stern
Subject: FF Opportunity
Date: Mon, 17 Apr 2017 19:48:02 +0000
Attachments: 04.2017_FF_Teaser v22.pdf
Jeffrey,
thank you for taking my call. I do need your help.
Faraday Future (FF) is a great story in itself, regretfully surrounded by a lot of noise around Jia Yueting (YT) and
his other enterprises (LeEco, LeMall, LeSports, to name a few). These businesses are not working, so he run out
of cash. FF is starving.
FF build a great electric, connected and autonomous car. Beats Tesla. Prototype is out and works. Spend to date:
700 Million USD. Founded 2014.
Use of funds is to finalize testing and engineering, produce and sell. That is 1.1 billion USD. Start of Production
SOP is 09/2018.
FF has a graded and serviced piece of land in North las Vegas to build a plant. Will use franchised dealer in the
US to sell car.
FF has a sister company in China Le See for which vehicle engineering is done here in California. Sister
companies are linked by a VIE structure.
Sister company (LeSee) funding is supported by YT money, large Chinese Government funding for factory and
product development and Chinese Bank loans. Completely separate.
FF is trying to raise 1,0 billion USD Series A. Valuation estimate pre money is 3,0 to 3,5 billion USD now. All
based on paper plan promises and Tesla comparisons. I think its highly achievable, but open for debate.
Shareholding of Cayman Holding FF company today: YT 85%, Employees 15%. A 700 Million Chinese-raised
USD convertible is out that will convert in December.
Great chance to build a better Tesla. Top engineers, top manufacturing people from Tesla, BMW, Mercedes,
Porsche and Ford. 1.200 Patents witch about 60 of good value belong to FF.
Further questions, let me know. Appreciate very much your support. It is a great opportunity.
Best
Stefan
EFTA01048952
EFTA01048953
ℹ️ Document Details
SHA-256
98cbdc41b287f94499015e538d8b7ef05cc5a30e70d66833b084cd8fc6c4f076
Bates Number
EFTA01048952
Dataset
DataSet-9
Document Type
document
Pages
2