Faction & GoCar Partner On Driverless Vehicle Rentals

• Silicon Valley startup Faction Technology Inc has partnered with GoCar Tours Inc to develop driverless deployment of EV Sport vehicles, based on the FUV platform from Arcimoto Inc (NASDAQ: FUV).

• The collaboration facilitates driverless delivery of GoCar Tour vehicles from depots to select pickup counters at partner locations.

• Customers can then drive them on tours and adventures in cities where GoCar operates.

• 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. Pilot trials are expected to start in 2023.

• "We have always envisioned our platform as the best, most efficient small form factor vehicle for moving goods and people," said Jesse Fittipaldi, Interim CEO at Arcimoto.

• Price Action: FUV shares are trading higher by 1.00% at $1.01 on the last check Monday.

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