Faction is a Silicon Valley startup that develops driverless solutions based on light electric vehicles.
Business Model:
Revenue: $0
Employees: 11-50
Address: 20 S Linden Ave
City: South San Francisco
State: CA
Zip: 94080
Country: US
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.
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Announced Date | Company | Transaction | Money Raised |
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Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 3/2021 | Seed Round | 5 | $5.8M |
Fifty Years Soma Capital TDK Ventures Trucks Venture Capital Y Combinator Fifty Years Soma Capital TDK Ventures Trucks Venture Capital Y Combinator |
6/2022 | Grant | 1 | $100k |
LG Nova LG Nova |
2/2020 | Pre Seed Round | - | 12/2021 | Seed Round | - |
TDK Ventures TDK Ventures |
12/2021 | Venture Round | - | 12/2021 | Venture Round | - |
TDK Ventures Inc TDK Ventures Inc |
12/2021 | Seed Round | 1 | - |
TDK Ventures TDK Ventures |
2/2020 | Pre Seed Round | - |
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