Faction and Arcimoto Unveil Next-Gen Driverless Delivery Vehicle

SOUTH SAN FRANCISCO, Calif. & EUGENE, Oregon–(BUSINESS WIRE)–#autonomous vehiclesFaction Technology, Inc. and Arcimoto, Inc. (NASDAQ: FUV) today introduced a next-generation driverless delivery vehicle based on the Arcimoto platform at the new Arcimoto RAMP manufacturing facility in Eugene, Oregon. Equipped with Faction’s DriveLink™ and TeleAssist™ technologies, the completely driverless Faction D1 combines autonomy and remote human teleoperation. The driverless vehicle system retains the Arcimoto FUV’s capabilities of a 75 mph top speed and just over 100 miles of range while hauling up to 500 pounds of cargo.

“Scalable driverless vehicle systems require engineering from the chassis up, and by leveraging the revolutionary Arcimoto platform, we are able to develop our driverless system much faster than using legacy vehicle designs. “said Faction CEO Ain McKendrick. “The end result will be a right-sized, ultra-efficient driverless delivery vehicle that reduces pollution and lowers costs for local and last-mile delivery fleets.”

Targeting an average urban commute of five miles or less, Faction and Arcimoto share the belief that the right sizing of driverless electric vehicles will dramatically increase efficiency, reduce carbon emissions and deliver significant cost savings over existing transportation solutions. .

Mark Frohnmayer, Founder and CEO of Arcimoto, said, “We were delighted to work with the Faction team to support driverless development on the Arcimoto platform. With a shared mission to deploy ultra-efficient electric vehicles at scale, the commercial launch of the driverless Faction D1 will be a game-changer for last-mile logistics.

The driverless Faction D1 features advanced sensors and safety systems, and features a configurable cargo bay that can be adapted for specialized payloads in addition to general on-demand fleet use. With a commercial service cost of less than $2 per mile for driverless deliveries, the vehicle is extremely competitive for a variety of delivery use cases.

Pilot customer trials are expected to begin in 2022. Interested fleet customers can contact Faction to access pre-production vehicles and services now, and make reservations for production models from 2023.

For more information visit www.faction.us

About the faction

Faction Technology, Inc. is a Silicon Valley startup that develops driverless solutions based on light electric vehicles. Founded in February 2020, Faction is on a mission to revolutionize micro-logistics and on-demand vehicles. The company believes that the future of sustainable transportation lies in developing safe, cost-effective, and right-sized driverless vehicles to meet a range of use cases for business and passenger transportation needs. For more information visit www.faction.us

About Arcimoto, Inc.

Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world transition to a sustainable transportation system. Our flagship vehicle, the Arcimoto FUV®, is specially designed for daily driving and transforms ordinary journeys into pure electric rides. Launching in 2021, the all-new Arcimoto Roadster is designed to be the ultimate open-road fun machine and is the purest expression of the Arcimoto platform. The Deliverator® and Rapid Responder™ provide last-mile delivery and emergency response functionality, respectively, at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Scheduled to launch in 2022, the Flatbed represents Arcimoto’s vision of a pure-electric, right-sized utility van. The upcoming Cameo™ is designed to create a smooth, quiet and durable camera vehicle for the film and influencer industries. Every Arcimoto vehicle is built at the Arcimoto manufacturing facility in Eugene, Oregon. For more information, visit Arcimoto.com.

Safe Harbor / Forward-Looking Statements

Except for historical information, all statements, expectations and assumptions in this press release are forward-looking statements. Although these forward-looking statements represent our current judgment of what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our views only as of the date of this press release. Please keep in mind that we do not undertake to revise or publicly release the results of any revisions to these forward-looking statements in light of new information or future events.

contacts

Faction

Andrea Borbely, Vice President of Operations

[email protected]
650-254-6025