Rivian Spins Off Also Inc. to Tackle Micromobility with Lightweight EVs

The new standalone company, backed by $105 million in funding, is set to unveil its first product in fall 2025 with plans for global expansion.

Rivian has officially launched Also Inc., a standalone company focused on lightweight electric vehicles for urban mobility.
Also Inc. has secured $105 million in Series B funding from Eclipse Ventures to support its operations and product development.
The first product, expected to be revealed in fall 2025, will reportedly feature a bike-like form factor and launch in the U.S. and Europe in 2026.
Rivian retains a minority stake in Also and plans to collaborate, including potentially using its retail footprint for distribution.
Also aims to address global mobility challenges by leveraging Rivian’s technology stack and vertically integrated approach to create cost-efficient, scalable solutions.