SOUTH SAN FRANCISCO, Calif. & EUGENE, Ore.--(BUSINESS WIRE)--Faction Technology, Inc. and Arcimoto, Inc. (NASDAQ: FUV) showcased a next-generation driverless delivery vehicle based on the Arcimoto Platform at the new Arcimoto RAMP manufacturing facility in Eugene, Oregon today. Equipped with Faction’s DriveLink™ and TeleAssist™ technologies, the completely driverless Faction D1 combines autonomy with remote human teleoperation. The driverless vehicle system retains the Arcimoto FUV’s capabilities of a 75 mph top speed and just over 100 miles of range while transporting up to 500 pounds of cargo.
“Scalable driverless vehicle systems require engineering from the chassis up, and by leveraging the revolutionary Arcimoto Platform, we’re able to develop our driverless system much faster than using legacy vehicle designs,” said Faction CEO, Ain McKendrick. “The end result will be a rightsized, ultra-efficient driverless delivery vehicle that reduces pollution and drives down costs for local and last-mile delivery fleets.”
Targeting the average urban trip of five miles or less, Faction and Arcimoto have a shared belief that right-sizing driverless electric vehicles will provide a significant boost in efficiency, reduce carbon emissions, and offer significant cost savings over existing transportation solutions.
Mark Frohnmayer, Founder and CEO at Arcimoto said, “We’ve been thrilled to work with the Faction team to support driverless development on the Arcimoto Platform. With a common mission of deploying ultra-efficient electric vehicles at scale, the commercial launch of the driverless Faction D1 will be a game-changer for last-mile logistics.”
The driverless Faction D1 features advanced sensors and safety systems, and has a configurable cargo compartment that can be adapted for specialized payloads in addition to general fleet-on-demand use. With a commercial service cost of less than $2 per mile for driverless deliveries, the vehicle is extremely cost-competitive for various delivery use cases.
Pilot customer trials are expected to begin in 2022. Interested fleet customers can contact Faction about access to pre-production vehicles and services now, and make reservations for production models beginning in 2023.
For more information visit www.faction.us
About Faction
Faction Technology, Inc. is a Silicon Valley startup that develops driverless solutions based on light electric vehicles. Founded in February 2020, Faction is on a mission to revolutionize 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.faction.us
About Arcimoto, Inc.
Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system. Our flagship vehicle, the Arcimoto FUV®, is purpose-built for everyday driving and transforms ordinary trips into pure-electric joyrides. Launched in 2021, the all-new Arcimoto Roadster is designed to be the ultimate open-road fun machine and is the purest expression of the Arcimoto Platform. The Deliverator® and Rapid Responder™ provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Expected to launch in 2022, the Flatbed represents Arcimoto’s vision of a pure-electric, rightsized utility pickup truck. The upcoming Cameo™ is designed to create a smooth, silent, sustainable camera vehicle for the film and influencer industries. Every Arcimoto vehicle is built at the Arcimoto Manufacturing Plant in Eugene, Oregon. For more information, please visit Arcimoto.com.
Safe Harbor / Forward-Looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this press release. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events.
