Faction Technology founder and CEO Ain McKendrick didn’t have the $1 billion or the time that a typical automotive program might need to design and manufacture an EV that could be used for driverless delivery.
So, he turned to power sports to fulfill his vision of a micro-logistics service that can be used for driverless delivery or rented and operated by a human for jaunts around the city. Now, with prototypes built and an ambition to scale, McKendrick has raised $4.3 million in seed funding led by Trucks VC and Fifty Years.
Read More at TechCrunch
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