Arcimoto Inc. strengthens focus through commercial partnership and joint investment agreement with Faction Technology Inc. to co-develop driverless vehicle platforms
EUGENE, Ore. and SAN FRANCISCO, May 09, 2023 (GLOBE NEWSWIRE) — Arcimoto, Inc. (NASDAQ: FUV) the leading North American manufacturer of ultra-efficient and affordable electric vehicles and Faction Technology, Inc. a self-driving technology provider, today announced a strategic and joint investment agreement to scale driverless vehicle fleets.