Local Motors has received funding to help scale the production of Olli, the company’s electric autonomous vehicle. The investment from GameAbove Mobility, a division of CapStone Holdings Inc., demonstrates a continued interest in partnering with established, innovative companies creating the next generation of mobility solutions.
The investment will allow Local Motors to scale AV production as demand for level 3 autonomous vehicles continues to grow within campuses, city centers, and municipalities. Local Motors manufactures Ollis from a microfactory in Knoxville, Tennessee. The build floor’s production capacity will increase as a result of GameAbove Mobility’s investment.
Olli 2.0’s autonomy system provides safe autonomous operation and unmatched rider experience. Capabilities like dynamic obstacle avoidance help meet the diverse needs of public and private deployments in the Americas, Europe, and Asia. GameAbove Mobility’s investment will allow Local Motors to pursue additional software and sensor partnerships to continue improving Olli capabilities.