Local Motors receives billion dollar support for Olli 3D printed bus

Local Motors receives billion dollar support for Olli 3D printed bus

Teaming up with Florida’s Elite Transportation Services (ETS) and automotive financing firm Xcelerate, Local Motors has secured operational support and money to fund the 3D printed, autonomous Olli shuttle bus. In the terms of the agreement, Olli maintenance, warranty service, insurance, monitoring, management and operations will be outsourced to ETS. For customers of these services, ETS is also offering up to $1 billion in financing. Xcelerate, on the other hand, has agreed to provide up to $20 million in Olli vehicle financing. A lovechild of 3D printing, AI and the Internet of Things First unveiled in 2016, the Olli […]

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