Faction
Denver, CO
Faction develops driverless electric vehicles that have the speed and performance of cars, but at the cost of a motorcycle. We do driverless combined with remote human supervision, so we’re not gated by waiting for 100% autonomous technology. Initially we’re focusing on micro delivery and vehicle-on-demand, where you can summon a vehicle and drive it yourself. We’ve completed our first prototypes and this Summer we’re launching trials for micro-delivery and ride-on-demand.
factionmoto.comCompany Details
Founded
- 2020
Employees
- Between 50 - 200 employees
Raised
- $62,000,000
Headquarters Location
- Denver, CO
Public
- No
Acquired
- No
CEO
Sean Charnock
Founders
- Luke NorrisEric Culp
Company Collections
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Faction's Industries
Faction's Tech Stack
Faction Headquarters Location
Total Amount Raised: $62,000,000
Faction Funding Rounds
Series B
$14,000,000
Series B Investors
DellCharterhouse Strategic PartnersORIX Growth CapitalRC CapitalMeritage FundsSweetwater CapitalSeries B
$18,000,000
Series B Investors
RC CapitalMeritage FundsCharterhouse Strategic PartnersDellSweetwater CapitalSeries B
$5,000,000
Series B Investors
Rifkin-Pottle GroupCharterhouse Strategic PartnersMeritage FundsSweetwater CapitalDebt Financing
$6,000,000
Debt Financing Investors
Ares ManagementSeries A
$6,000,000
Series A Investors
Meritage FundsSweetwater CapitalAres ManagementSeries Unknown
$4,000,000
Series Unknown
$9,000,000
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