The Mobilist
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The Mobilist

For EV and Battery-Mining Startups, SPACs Are a Lifeline

With big cash infusions, Faraday Future and DeepGreen can finally get first production going

A deep sea worker holding a “nodule” containing nickel, manganese, and copper. Photo courtesy of DeepGreen

Over the next couple of weeks, Faraday Future, a California startup building a $180,000 electric crossover SUV, is to go public in a $3.4 billion reverse merger. Faraday’s exceedingly stylish flagship FF 91…

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