Faction and GoCar Tours team up for driverless vehicle rentals

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SAN FRANCISCO AND LAS VEGAS–(BUSINESS WIRE)–Faction Technology, Inc. and GoCar Tours, Inc. today announced a partnership to develop driverless deployment of GoCar EV Sport vehicles, based on the FUV platform of Arcimoto, Inc. (NASDAQ: FUV). The announcement was made at the Arival 360 conference in Las Vegas.

The collaboration facilitates driverless delivery of GoCar Tour vehicles from GoCar depots to select pick-up counters at partner locations, where customers can then drive them on tours and adventures in the cities where GoCar operates.

“Using Faction’s driverless technology to deploy vehicles allows GoCar to turn every hotel and tourism partner in a city into a GoCar customer counter,” said Alasdair Clements, Co-Founder of GoCar. “By bringing vehicles to where our customers are, we can extend our reach, making it easier for drivers to enjoy a GoCar Tour experience.”

Faction’s technology architecture is designed with driverless systems in mind, allowing it to integrate new technologies radically faster than legacy vehicle platforms. It partners with innovative companies to develop sophisticated teleoperation capabilities, precise vehicle positioning, hazard recognition and vehicle design to support the 90% of urban journeys that consist of a passenger traveling a few miles .

Equipped with Faction DriveLink® and TeleAssist technologies, GoCar driverless electric vehicles combine autonomy and remote human teleoperation. The driverless vehicle platform retains GoCar EV Sport capabilities with up to 100 miles of city range, and includes patented GoCar Network technology and the GoCar mobile tour guide.

“Enabling driverless electric vehicles for GoCar is an exciting application on many levels,” said Faction CEO Ain McKendrick. “Not only are we able to expand GoCar’s existing rental business, but the lightweight electric vehicle form factor is a great alternative to an oversized vehicle for quick tours and city trips.”

GoCar Tours takes customers to spectacular places few visitors can see, and it can go where tour buses can’t. Using the latest GPS-guided tour technology for self-guided car tours, GoCar creates a unique experience. The technology takes users to all the top sites, recommends restaurants, cracks jokes and tells the stories that bring a destination to life.

Jesse Fittipaldi, Interim CEO of Arcimoto, said, “We have always envisioned our platform as the best and most efficient compact vehicle for transporting goods and people. Customers will experience the new possible that our technologies solve, the intersection of convenience, fun and efficiency. A perfect story for Las Vegas.

Pilot testing is set to begin in 2023 with Faction’s driverless technology powering the deployment of GoCar vehicles from fleet drop-off locations to designated rental counters. Eventually, GoCar customers will be able to summon a rental at a variety of on-demand locations.

For more information on Faction and GoCar, visit www.faction.us Where www.GoCarTours.com

About the faction

Faction Technology, Inc. is a Silicon Valley startup that develops driverless solutions based on light electric vehicles. Founded in February 2020, Faction is on a mission to revolutionize micro-logistics and on-demand vehicles. The company believes that the future of sustainable transportation lies in developing driverless vehicles that are safe, economical, and right-sized to meet a range of use cases for business and passenger transportation needs. For more information, visit www.faction.us

About GoCar Tours

The world’s first GPS-guided tour takes tourists on unique adventures through the streets of some of the world’s most amazing cities. GoCar’s personalized tours guide users to a city’s most iconic sites, traversing colorful and vibrant neighborhoods and past scenic vistas while providing audio commentary on the rich stories that live around every corner. Designed, developed and created by Nathan Withrington and Alasdair Clements, the first GoCar tour service launched in San Francisco in 2004. GoCar Tours has since expanded with operations and licensees located in: San Diego, CA; Monterey, California; Barcelona, ​​Spain; Lisbon, Portugal; ad Porto, Portugal.

About Arcimoto, Inc.

Arcimoto (NASDAQ: FUV) develops and manufactures ultra-efficient and affordable electric vehicles to help the world transition to a sustainable transportation system. Our flagship vehicle, the Arcimoto UVF®, is specially designed for everyday driving and transforms ordinary journeys into pure electric rides. Every Arcimoto vehicle is built at the Arcimoto manufacturing facility in Eugene, Oregon.

Safe Harbor / Forward-Looking Statements

Except for historical information, all statements, expectations and assumptions in this press release are forward-looking statements. Although these forward-looking statements represent our current judgment of what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our views only as of the date of this press release. Please keep in mind that we do not undertake to revise or publicly release the results of any revisions to these forward-looking statements in light of new information or future events.

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