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Summary

James Gross talked with Ain McKendrick the Founder and CEO of Faction about how the future of delivery is evolving with Faction, offering new opportunities and advancements in the industry. Faction provides driverless delivery vehicles for last mile logistics by combining autonomous technology with remote human assistance. In the conversation, Ain discusses Faction's focus on short 3-5 mile repetitive delivery routes for commercial users like bakeries and retailers. He explains how Faction works with light electric vehicle OEMs to incorporate their driverless tech on the production line. McKendrick notes they have operated legally in states with supportive regulations like Nevada, Arizona, Texas. Faction recently raised an extension funding round from TDK Ventures to help scale their delivery fleets in 2024, with plans to partner with national retailers and food brands. Faction won Micromobility America's Riders Choice Award in 2023 for autonomy and robotics.

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Highlights

🚚 Faction provides driverless delivery vehicles combining autonomy and remote human assistance

📦 Focus on short 3-5 mile repetitive last mile logistics routes for commercial users

🤝 Works with light electric vehicle OEMs to incorporate driverless tech

🚦 Has operated legally in states with supportive regulations

💰 Raised extension round from TDK Ventures to scale fleets in 2024

🤝 Looking to partner with national retailers and food brands

🏆 Won Micromobility America's Riders Choice Award in 2023

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