Related News: Beep, Local Motors Partner to Deploy AV, Electric Shuttles
Local Motors Reportedly Plans Shut Down
The company, known for its autonomous shuttle called Olli, looks to be closing according to unofficial reports.
January 15, 2022
Various media reports say Local Motors employees were looking for work on LinkedIn, though the company has yet to formally confirm the rumors.
Photo via Local Motors
1 min to read
Local Motors, the company behind the Olli AV shuttle and Rally Fighter car, looks to be shutting down operations if employees' reports are true. The company has yet to release its own statement or make an official announcement.
The news broke from the website, The Drive, which reported on Jan. 12 a string of unofficial announcements from employees on LinkedIn, including one from Local Motors' former VP of sales and customer success, and cites an anonymous source about a lack of funding.
Logo via Local Motors
The company had multiple partners in the fleet and public transportation industries and announced Vikrant Aggarwal as CEO in September 2021.
Local Motors is headquartered in Chandler, Ariz., and manufactures the Olli shuttles at a factory in Knoxville, Tenn.
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