SAN FRANCISCO – February 27, 2023 – Today, Faction Technology, Inc., a self-driving technology provider for affordable driverless fleets, has announced the expanded commercial availability of its self-driving technologies, DriveLink®and TeleAssist®, which enable a cost effective and pragmatic approach towards a self-driving future.
Many vehicle OEMs are learning that it’s expensive to retrofit their vehicles with technologies that enable driverless solutions, let alone develop one entirely on their own. Faction’s technology suite provides an opportunity for OEMs to design driverless solutions into their vehicles at a fraction of the cost.
“Faction’s technology is revolutionizing the way we approach autonomous vehicles, while significantly reducing the cost of implementing these types of self-driving solutions,” said Jesse Fittipaldi, Interim CEO of Arcimoto. “Combining their technology with our vehicles can enable driverless solutions at under $2 a mile, something truly remarkable.”
In partnership with existing vehicle partners,current Faction enabled vehicle platforms cost less than $35,000, a far cryfrom the high-end fleets on the market today which can be in the hundreds ofthousands to implement. To integrate the white-labeled platform of DriveLink®and TeleAssist® into their own vehicles, OEMs and other companies can expect tospend less than $15,000 per vehicle, creating a highly scalable and costeffective way to integrate driverless technology into their vehicles.
Faction is actively working with new OEM partners. "We're building our fit-for-purpose electric vehicles from the ground up, and Faction's driverless technology is an integral part of our vehicles," said Jason Marks, CEO of Telo Trucks Inc.,which is building EV trucks for urban workers and weekend adventurers. "We recognize the importance of a winning strategy for driverless delivery, and we're solving that with a combination of the world's most space efficient EV package and Faction's DriveLink and TeleAssist."
“It’s become no secret that 100% autonomy is further down the road than initially anticipated, and that’s why today’s answer to driverless vehicles is the simple, yet effective combination of human assistance and basic autonomy,” said Ain McKendrick, CEO of Faction. “Our technology enables a driverless future at a fraction of what it has already cost to try making fully autonomous vehicles a reality.”
To further advance driverless solutions within the automotive industry, Faction is keen to partner with OEMs and other manufacturers. Potential partners interested in enabling driverless solutions into their businesses should contact Faction with the information below.
About Faction
Faction Technology, Inc. is a Silicon Valley startup that develops driverless solutions based on light electric vehicles. Foundedin February 2020, Faction is on a mission to revolutionize micro-logistics and vehicles-on-demand. The company believes the future of sustainable transportation is to develop driverless vehicles that are safe, cost-effective, and right-sized to serve a range of use cases for both business and passenger transportation needs. Faction currently powers driverless delivery in parts of the San Francisco Bay Area, and will expand into other metro regions in 2023.For more information visit www.faction.us
