Highlights

- 🚘 China leads in transitioning to cleaner energy, while the US lags behind.

- 🚚 Last mile logistics, the most expensive part of the supply chain, is a target for positive impact.

- 📦 Majority of deliveries are still done in internal combustion cars, causing high carbon footprint.

- ⚡ Faction's solution: Light Electric Systems with teleoperation for cost-effective and scalable fleet management.

- 🚗 Vehicle on demand: Shared asset system to declutter streets and provide convenient transportation.

- 🏢 Faction's first customer: CA Baker, a bakery in Redwood City, benefited from robot deliveries.

- 🌉 Faction operates in the Bay Area and will expand to Las Vegas