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Rivian spins out a new micromobility startup called Also with $105M from Eclipse
Rivian has launched a new micromobility startup called Also, securing $105M from Eclipse Ventures. The company, emerging from a skunkworks program, aims to create affordable electric bikes and small EVs for consumers and commercial uses, leveraging Rivian's technology and expertise. With plans to unveil its first vehicle later this year, Also intends to meet growing urban mobility needs worldwide.
Key points
- Rivian's CEO RJ Scaringe started a skunkworks program focused on micromobility, leading to the creation of Also.
- Also spun out with a team of 70 and $105M funding from Eclipse Ventures, becoming a standalone entity but still connected to Rivian.
- The startup plans to produce affordable electric bikes and small EVs for US and European markets, with future expansions to Asia and South America.
- The need for smaller vehicles has increased due to urban infrastructure limitations, making Also's approach timely.
- Rivian's existing technology enables Also to potentially disrupt the current fragmented e-bike market.
Why it matters
- The rise of micromobility solutions is part of a broader 2025 IT trend focusing on sustainable urban transportation.
- The global shift toward electric vehicles and sustainability has gained momentum since the pandemic, emphasizing the need for innovative mobility solutions.
- Companies are seeking scalable platforms to address urban delivery and transportation challenges, which Also aims to fulfill.
The launch of Also reflects a significant trend in urban mobility, capitalizing on Rivian's technological prowess to meet emerging market needs for affordable, small electric vehicles.