Rivian spinout Also raises another $150M
Also has raised another $150 million as the micromobility startup that spun out of Rivian last year expands its business beyond pedal-assist electric bikes and commercial cargo quads to autonomous delivery vehicles. The Series D round was led by Prysm Capital and included existing backers Eclipse, Greenoaks, and MVP Ventures.
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Key Facts
- Fact 1: Also has raised another $150 million as the micromobility startup that spun out of Rivian last year expands its business beyond pedal-assist electric bikes and commercial cargo quads to autonomous delivery vehicles.
- Fact 2: Also has raised $455 million since its founding less than two years ago.
- Fact 3: The fresh funding comes a few months since Also raised $200 million in a round led by Greenoaks, with participation from Prysm Capital and a strategic investment from DoorDash.
- Fact 4: That team, which pulled in people from Apple, Google, Specialized, and Tesla, evolved into a startup, which spun out of Rivian in 2025 armed with the name Also and $150 million in funding.
Also has raised another $150 million as the micromobility startup that spun out of Rivian last year expands its business beyond pedal-assist electric bikes and commercial cargo quads to autonomous delivery vehicles. The Series D round was led by Prysm Capital and included existing backers Eclipse, Greenoaks, and MVP Ventures.
Also has raised $455 million since its founding less than two years ago. The new capital will be used to “accelerate the development” of the company’s autonomous driving technology and the “simultaneous progression of multiple autonomous form factors,” according to the company. These future vehicles will use the same electric architecture developed for its consumer electric pedal-assist bike and commercial electric delivery quad.
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Original source: TechCrunch
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