Faction Technology, Inc., a self-driving technology provider for affordable driverless fleets, has announced the expanded commercial availability of its self-driving technologies, DriveLink and TeleAssist, which enable a cost effective and pragmatic approach towards a self-driving future.Many vehicle OEMs are learning that it’s expensive to retrofit their vehicles with technologies that enable driverless solutions, let alone develop one entirely on their own. Faction’s technology suite provides an opportunity for OEMs to design driverless solutions into their vehicles at a fraction of the cost.
Faction’s DriveLink and TeleAssist technologies together seamlessly blend basic driving autonomy with remote human-assisted teleoperation to effectively power self-driving systems at an advantageous price point. Its DriveLink technology creates a digital vehicle platform for vehicle manufacturers to enable driverless technology. TeleAssist leverages remote human assistance, similar to an air traffic controller, allowing the vehicle to run with limited human intervention. As struggles continue to mount in the fully autonomous driving space, driverless solutions like Faction’s offer a pragmatic, scalable, and cheaper alternative to fully autonomous systems.
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“Faction’s technology is revolutionizing the way we approach autonomous vehicles, while significantly reducing the cost of implementing these types of self-driving solutions,” said Jesse Fittipaldi, Interim CEO of Arcimoto. “Combining their technology with our vehicles can enable driverless solutions at under $2 a mile, something truly remarkable.”
In partnership with existing vehicle partners, current Faction enabled vehicle platforms cost less than $35,000, a far cry from the high-end fleets on the market today which can be in the hundreds of thousands to implement. To integrate the white-labeled platform of DriveLink and TeleAssist into their own vehicles, OEMs and other companies can expect to spend less than $15,000 per vehicle, creating a highly scalable and cost effective way to integrate driverless technology into their vehicles.
Faction is actively working with new OEM partners. “We’re building our fit-for-purpose electric vehicles from the ground up, and Faction’s driverless technology is an integral part of our vehicles,” said Jason Marks, CEO of Telo Trucks Inc., which is building EV trucks for urban workers and weekend adventurers. “We recognize the importance of a winning strategy for driverless delivery, and we’re solving that with a combination of the world’s most space efficient EV package and Faction’s DriveLink and TeleAssist.”
SOURCE: Businesswire