Rivian spinout Also raises another $150M

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1. 26d ago

   Rivian spinout Also raises $150 million for autonomous vehicle push

   Micromobility startup Also has closed a $150 million Series D financing round to develop autonomous small electric vehicles. The funding brings the company to a $1 billion valuation. Also intends to use the capital to transition its e-bike platform toward autonomy and expand its reach into autonomous delivery vehicles. This investment coincides with the company's upcoming launch of e-bikes in the European market.

   Why it matters

   Also is a spinoff from the electric vehicle manufacturer Rivian. The company currently offers an e-bike priced at $3,500. Its strategy involves using small-scale mobility as a gateway to a broader autonomous transportation network.

   What is confirmed

   • Also raised $150 million in a Series D financing round.
   • The company is a spinoff from Rivian.
   • Also is developing autonomous small electric vehicles and delivery vehicles.
   • The funding round values the company at $1 billion.

   Still unconfirmed

   • Also is preparing for a European e-bike launch.
   • The company sells an e-bike for $3,500.

   What to watch next

   • The official launch date of the e-bike in Europe
   • Technical milestones in the transition of the e-bike platform to autonomous operation
   Sources used for this update (11)

   1. TechCrunch — Rivian spinout Also raises another $150M
   2. The EV Report — ALSO Closes $150 Million Series D for Autonomy
   3. uk.finance.yahoo.com — Also’s $3,500 e-bike is a $1 billion Trojan horse for autonomous transportation
   4. Pluang — Micromobility startup Also raises $150M to expa...
   5. Ventureburn — ALSO Raises $150M to Accelerate Autonomous Small EVs
   6. The Next Web — Also raises $150m to take its e-bike platform autonomous
   7. eletric-vehicles.com — Rivian’s Spinoff Also Raises $150M Series D to Accelerate Autonomous Small EV Push
   8. Межа. Новини України. — Also raises $150 million to develop autonomous delivery vehicles
   9. Dealroom — Also hits $1B valuation with $150M round to fund small-vehicle autonomy
   10. Business Wire — ALSO Announces $150 Million Series D Financing
   11. Bike Europe — Also closes $150 million financing round as European e-bike launch nears
   confidence 95%