Local Motors has teamed up with Florida-based Elite Transportation Services, a subsidiary of Elite Parking Services, and Texas-based Xcelerate, securing both third party operational support and vehicle financing for their autonomous shuttle, Olli.
Olli by Local Motors, the first self-driving, cognitive, 3D-printed shuttle.
Customers who have existing relationships with transit companies will have the ability to finance just the vehicle with Xcelerate for up to 84 months and continue to work with their existing operations and monitoring partners.
ETS has agreed to provide an all-inclusive Olli operational solution which includes routine maintenance, warranty service, insurance, monitoring, management, operations and more. For these customers who engage ETS's services, ETS is also offering up to $1 billion in financing.
In addition to funding from ETS, Xcelerate has agreed to provide up to $20 million in Olli Vehicle financing.
