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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.com

Total Amount Raised: $49,000,000

Faction Funding Rounds

  • Debt Financing

    $6,000,000

    Debt Financing Investors

    Ares Capital
  • Series A

    $6,000,000

    Series A Investors

    Meritage Funds
    Sweetwater Capital
    Ares Capital
  • Series B

    $14,000,000

    Series B Investors

    Dell
    Charterhouse Strategic Partners
    ORIX Growth Capital
    RC Capital
    Meritage Funds
    Sweetwater Capital Partners
  • Series B

    $18,000,000

    Series B Investors

    RC Capital
    Meritage Funds
    Charterhouse Strategic Partners
    Dell
    Sweetwater Capital
  • Series B

    $5,000,000

    Series B Investors

    Rifkin-Pottle Group
    Charterhouse Strategic Partners
    Meritage Funds
    Sweetwater Capital
Funding info provided by Diffbot.