Faction Funding & Investors
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.comTotal Amount Raised: $49,000,000
Faction Funding Rounds
Debt Financing
$6,000,000
Debt Financing Investors
Ares CapitalSeries A
$6,000,000
Series A Investors
Meritage FundsSweetwater CapitalAres CapitalSeries B
$14,000,000
Series B Investors
DellCharterhouse Strategic PartnersORIX Growth CapitalRC CapitalMeritage FundsSweetwater Capital PartnersSeries 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 Capital
Funding info provided by Diffbot.