What’s Happening: Faction Technology has announced the expanded commercial availability of its self-driving technologies, DriveLink® and TeleAssist®, which enable a cost-effective approach towards a self-driving future. The technologies blend basic driving autonomy with remote human-assisted teleoperation to power self-driving systems at an advantageous price point.
Why It Matters: Many vehicle OEMs have struggled 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. The company’s technology enables a driverless future at a fraction of what it has already cost to try making fully autonomous vehicles a reality.
- Faction’s DriveLink® technology creates a digital vehicle platform for vehicle manufacturers to enable driverless technology.
- TeleAssist® leverages remote human assistance, allowing the vehicle to run with limited human intervention.
- Current Faction-enabled vehicle platforms cost less than $35,000 in partnership with existing vehicle partners, which is significantly less than the high-end fleets on the market today.
- 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.
- Faction is actively working with new OEM partners and is keen to partner with OEMs and other manufacturers.
Bottom Line: Faction’s DriveLink® and TeleAssist® technologies provide a pragmatic, scalable, and cheaper alternative to fully autonomous systems. The technology enables OEMs to design driverless solutions into their vehicles at a fraction of the cost, making it a highly scalable and cost-effective way to integrate driverless technology into their vehicles.