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Arcimoto ($FUV) , Faction and GoCar Tours Partner on Driverless Vehicle Rentals

10 October 2022

Faction Technology and GoCar Tours have announced a new partnership to develop driverless deployment of GoCar electric sport vehicles based on the FUV platform being developed by Arcimoto (NASDAQ: FUV). The mutual announcement was made at the Arival 360 conference in Las Vegas.

The company’s say that this new collaboration will facilitate driverless delivery of GoCar Tour vehicles from GoCar’s depots to select pickup counters at partner locations. Customers will then have the ability to take tours in cities where GoCar operates.

Faction’s technology architecture is designed with driverless systems in mind, which allows it to incorporate new technology radically faster than legacy vehicle platforms. Equipped with Faction’s DriveLink® and TeleAssist™ technologies, the driverless GoCar EVs combine autonomy with remote human teleoperation. The driverless vehicle platform retains the GoCar EV Sport capabilities with up to 100 miles of city range, and includes patented GoCar Network technology and GoCar mobile tour guide.

Jesse Fittipaldi, Interim CEO at Arcimoto said, “We have always envisioned our platform as the best, most efficient small form factor vehicle for moving goods and people. Customers will experience the new possible that our technologies solve, the intersection of convenience, fun and efficiency.”

Arcimoto develops and manufactures ultra-efficient and affordable electric vehicles to help the world shift to a sustainable transportation system.

Shares of Arcimoto trade on the NASDAQ under the ticker symbol FUV.

 

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