Faction Raises $4.3M To Develop Light Ev Driverless Fleets
06/02/21, 1:07 PM
Location
san franciscoMoney raised
$4.3 million
Round Type
seed
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 Info
Location
san francisco, california, united states
Additional Info
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.