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Cover Technologies Finds $1.6M For Algorithm Designed Buildings

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Gardena, California-based Cover , which develops technology which uses algorithms and software to build custom, prefab buildings, including backyard studios, has raised $1.6M The funding was led by General Catalyst and Khosla Ventures, and also included Fifty Years, Hyperspeed Ventures, and angels. in a seed funding round.

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Faraday Future Unveils Formula-E Racer

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Los Angeles-based Faraday Future , the stealthy electric car company, has unveiled its entry into Formula-E , the electric auto racing circuit. Faraday Future has unveiled plans to develop electric cars in Los Angeles, where it has its headquarters in Gardena, but has been extremely stealthy about those yet-to-be-announced vehicles and plans.

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Faraday Future Names Administrative Chief

socalTECH

Los Angeles-based electric vehicle upstart Faraday Future has named a new Chief Administrative Officer, Global Executive Vice President, and Global General Counsel at the company, Faraday said on Wednesday morning. According to Faraday Future, it has named Henry (Hong) Liu to the position, based at its main campus in Gardena.

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Mysterious Faraday Future Announces $1 Billion Factory In Vegas

socalTECH

Los Angeles-based Faraday Future , the stealthy electric automobile company backed by a Chinese billionaire, broke ground on what it said will be a $1 billion facility in North Las Vegas on Wednesday, which it says it will use to build its yet-to-be-announced production vehicles. Image: Faraday Future's concept drawings of its factory.

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