Faction Technology Analysis: $4M Raised
What is Faction Technology?
Faction Technology develops driverless solutions for micro electric vehicles, focusing on applications in delivery, ride-sharing, and fleet management with zero-emission technology.
Employees
25
Founded
2020
Revenue
$6-8.8M
Company Stage
Seed
YC Batch
W21
Product Features & Capabilities
- on-demand driverless vehicles, last-mile delivery solutions, cloud-based fleet management, customer portals, APIs for seamless integration, real-time tracking, fleet electrification with micro EVs, trajectory-based assist system for immediate deployment
How much Faction Technology raised
1 - $4.3M
June 2, 2021Lead Investor: Trucks Venture Capital, Fifty Years
Investors
- TDK Ventures
- Ducera Partners
- Trucks Venture Capital
- Fifty Years
Company Pricing
- Vehicle costs are below $30,000 per unit.
- Current Faction-enabled vehicle platforms cost less than $35,000.
