Rivian Spins Off Also Inc. to Tackle Micromobility with $105M Backing
The new startup will develop lightweight electric vehicles leveraging Rivian's technology, with its first product set to debut in 2026 for U.S. and European markets.
- Rivian has officially spun off its micromobility unit, Also Inc., as a standalone company with $105 million in Series B funding from Eclipse Ventures.
- Also Inc. will focus on creating small, lightweight electric vehicles aimed at addressing urban congestion, affordability, and emissions challenges.
- The company plans to unveil its first product, which will have a bike-like form factor, later this year, targeting a 2026 launch in the U.S. and Europe.
- Rivian retains a minority stake in Also Inc. and plans to collaborate on leveraging its technology stack and retail presence.
- Also Inc. is in advanced discussions with potential commercial partners to expand its reach in consumer and commercial micromobility markets.
TechCrunch 
