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Faction Raises $4.3M To Develop Light Ev Driverless Fleets

Jun 02, 2021•over 4 years ago

Amount Raised

$4.3 Million

Round Type

seed

San Francisco

Description

Faction Technology, Inc. - Faction is excited to announce the completion of $4.3M in seed funding led by Trucks Venture Capital and Fifty Years. The round follows an investment from Y Combinator and participation in their Winter 2021 startup batch.

Company Information

Company

Faction Technology

Location

San Francisco, California, United States

About

Faction is a Silicon Valley startup that develops driverless solutions based on light electric vehicles. The company was founded in February 2020 with a goal of revolutionizing micro-logistics and vehicle-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. For more information visit www.factionmoto.com.