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4w ago

Rivian Launches Also Inc. to Tackle Urban Mobility with Lightweight EVs

The new standalone company secures $105 million in funding and plans to unveil its first product in fall 2025, with deliveries starting in 2026.

RJ Scaringe, CEO at Rivian, on the TechCrunch Disrupt stage in San Francisco on October 19, 2022. Image Credit: Haje Kamps / TechCrunch
A sign directing towards electric vehicle charging points is seen in a car park in Manchester, Britain, September 8, 2023. REUTERS/Phil Noble/File Photo
Electric bicycle and scooter recharging parking symbol, Brussels, Belgium
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Overview

  • Rivian has officially spun off its micromobility division into a new company, Also Inc., which will focus on small, lightweight electric vehicles for urban transportation.
  • Backed by $105 million in Series B funding from Eclipse Ventures, Rivian retains a minority stake and plans future collaboration with the new company.
  • Also’s first product, expected to be revealed in fall 2025, will be a compact, bike-like electric vehicle tailored for urban use, with deliveries beginning in the U.S. and Europe in early 2026.
  • The company’s leadership includes Chris Yu, Rivian’s former VP of Future Programs, and a team of 70 employees with experience from Apple, Google, Tesla, and Uber.
  • Rivian aims to leverage its advanced EV technology to address challenges in the micromobility sector, including cost, regulatory barriers, and the demand for sustainable urban transport solutions.