American startup Faction Technology hatched out of the Y Combinator business incubator in February 2020, and now its driverless three-wheel autocycle has attracted the attention of investors. TDK Ventures (a 100% subsidiary of the Japanese corporation TDK) invested an undisclosed, but clearly significant amount on December 20. In June, Trucks Venture Capital and Fifty Years funds invested $ 4.3 million (RUB 318.2 million) in the San Francisco-based firm. From the video, Faction is testing multiple rideable prototypes with a focus on the delivery robot.
Specifications delivery robot have not been released. It is clear that the delivery robot will be followed by an electric passenger car for two. Competitors ElectraMeccanica Solo EV and Arcimoto FUV were used as prototypes.
Faction is promoting the TeleAssist system, which will pass the time before mass autopilot arrives. In fact, we are talking about remote control.
CEO Ein Mackendrick says Faction could build a drone based on existing electric vehicles, but started with a clean slate of chassis. The digital platform is also built from scratch. Nicolas Sauvage, President of TDK Ventures, said Faction is driving digital, energy and environmental transformation: "We want to accelerate the growth of a startup and realize its vision as soon as possible."
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