Faction Technology announced the completion of $4.3M in seed funding led by Trucks Venture Capital and Fifty Years.

Faction is a Silicon Valley startup that develops driverless solutions based on light electric vehicles. The company was founded in February 2020 with a goal of revolutionizing micro-logistics and vehicle-on-demand. The company has engineered unique electric three-wheel vehicles that are developed at a fraction of the cost of a typical automobile.