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§ Private Profile · South San Francisco, CA, USA
Develops driverless micro EV platforms and software for urban logistics and ride-share, enabling last-mile delivery.
Faction has raised $79.3M across 8 funding rounds.
Key people at Faction.
Faction was founded in 2020 by Ain McKendrick (Founder).
Faction has raised $79.3M in total across 8 funding rounds.
Based in South San Francisco, California, Faction develops driverless electric vehicle platforms and software suites designed for micro EVs utilized in on-demand transportation and last-mile delivery services. The company provides commercial logistics operators and ride-share businesses with autonomous vehicle technology that integrates real-time tracking, customer-facing applications, and automated fleet rebalancing capabilities. Operating with a workforce of 25 employees, the enterprise generates revenue through subscription models and strategic integration partnerships deployed across various urban market centers in North America and Europe. To support its ongoing hardware and software development initiatives, Faction has secured $4.3 million in total seed funding across three deals from a syndicate of institutional backers that includes Y Combinator, Fifty Years, TDK Ventures, Trucks Venture Capital, and Soma Capital Management. The autonomous mobility company was founded in February 2020 by Ain McKendrick.
Faction Technology, Inc. develops driverless electric vehicles designed to operate at a fraction of the cost of traditional cars, focusing on right-sized, compact autonomous fleets primarily for last-mile delivery and on-demand mobility. Their technology combines computer-controlled autonomy with remote human supervision (TeleAssist®), enabling safe, reliable, and cost-effective driverless operations in urban and suburban environments. Faction serves vehicle manufacturers (OEMs) and commercial fleet operators, solving the problem of expensive, complex autonomous systems by offering scalable, affordable solutions that integrate precise GPS and computer vision. The company is gaining momentum through partnerships, commercial expansion, and integration of innovative GPS services, positioning itself as a pioneer in supervised autonomous mobility and sustainable transportation[1][2][4].
For an investment firm, Faction represents a mission-driven company focused on sustainability, safety, and technological innovation in autonomous mobility. Their investment philosophy likely centers on backing scalable, production-ready autonomous vehicle technologies that can disrupt traditional transportation and logistics sectors. Key sectors include autonomous last-mile delivery, ride-sharing, and fleet electrification. Their impact on the startup ecosystem is significant, as they demonstrate a pragmatic, cost-effective approach to autonomy that accelerates commercial deployment and adoption of driverless electric vehicles[1][2][4].
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Founded in February 2020 by CEO Ain McKendrick and a team with deep expertise in autonomous vehicle systems, Faction emerged from the founders’ extensive backgrounds in autonomous trucks, light electric vehicles, and consumer electronics. McKendrick’s experience includes pioneering driverless semi trucks on public highways and early work in consumer electronics at companies like Netflix and Palm Computing. The idea for Faction arose from the need for a production-focused, affordable autonomous vehicle platform that could be deployed at scale for last-mile delivery and urban mobility. Early traction included developing some of the first autonomous vehicles deployed commercially by 2018 and running driverless systems on public highways without safety drivers by 2019, setting the stage for Faction’s current focus on right-sized, driverless electric vehicles[2][3].
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Faction rides the growing trend of autonomous last-mile delivery and urban mobility, where demand for sustainable, cost-efficient, and scalable transportation solutions is rising. The timing is favorable due to increasing urban congestion, environmental concerns, and advances in AI, computer vision, and GPS technologies. Market forces such as the push for electrification, the rise of e-commerce, and the need for contactless delivery accelerate adoption. Faction’s focus on right-sized, supervised autonomy addresses key barriers to mainstream driverless vehicle deployment: safety, cost, and reliability. Their influence extends to shaping how autonomous fleets integrate with existing logistics and ride-sharing ecosystems, promoting greener, smarter urban transport[1][4][5].
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Faction is poised to expand its commercial footprint by scaling driverless electric vehicle fleets for delivery and on-demand services, leveraging its cost-effective, production-ready technology. Future trends shaping their journey include advances in AI autonomy, expanded GPS and sensor networks, and growing regulatory acceptance of supervised autonomous vehicles. As urban centers demand cleaner, more efficient transport, Faction’s influence will likely grow, potentially redefining last-mile logistics and micro-mobility. Their pragmatic, scalable model positions them as a key player in the transition to autonomous, electric urban transportation, fulfilling the promise of driverless vehicles at a fraction of traditional costs[1][2][4][5].
Faction has raised $79.3M across 8 funding rounds. Most recently, it raised $4.3M Seed in June 2021.
Key people at Faction.
Faction was founded in 2020 by Ain McKendrick (Founder).
Faction has raised $79.3M in total across 8 funding rounds.
Faction's investors include Seth Bannon, Jeffrey Schox, BMW i Ventures, Emerald Technology Ventures, Breakthrough Energy Ventures, SeaX Ventures, TDK Ventures, Dell Technologies Capital, Atlantic Bridge, Cortical Ventures, Ignition Partners, Thomvest Ventures.
