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.
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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