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.