Funding Details
- Awarder
- PlugAndPlayTechCenter
- Date Award
- May 15, 2024
- Funding URL
- View Funding Page
Company Info
- Company Description
- Founded in 2020, Faction develops driverless electric vehicles that have the speed and performance of cars, but at a fraction of the cost. Our combined team has engineered driverless systems from light electrics to large semi trucks, and we’re taking a new approach.
Faction uses three wheel vehicles that are regulated as motorcycles making them faster to develop and “right sized” for typical urban deliveries and trips. We combine autonomy with remote human supervision, so we’re not constrained by waiting for 100% autonomous technology. To us, autonomy is an optimization, driverless is a product.
To start, we’re focusing on less than truckload delivery, and vehicle-on-demand, where you can summon a vehicle and drive it yourself. In all cases, we can beat the cost of human driven fleets.
Faction's patent-pending DriveLink™ and TeleAssist™ technologies allow us deploy driverless solutions on a range of vehicle platforms in a safe, reliable, and scalable manner.
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