Micromobility startup Also, a spinout from Rivian, has raised $150 million in Series D funding to expand from electric bikes into the autonomous delivery vehicle market.

  • Also raised $150 million in a Series D round led by Prysm Capital.
  • The funding targets the acceleration of autonomous driving technology.
  • Total funding raised by the startup since founding is approximately $455 million.
  • Strategic partnerships include Amazon and DoorDash.

In a significant move for the micromobility sector, Also—the startup that recently spun out of Rivian—has successfully raised an additional $150 million. This Series D funding round, led by Prysm Capital, marks a pivotal shift in the company's trajectory as it moves beyond pedal-assist electric bikes and commercial cargo quads toward the development of fully autonomous delivery vehicles.

Scaling Beyond Micromobility

The fresh capital is earmarked to "accelerate the development" of the company's proprietary autonomous driving technology. Unlike traditional scaling, Also aims to develop multiple autonomous form factors simultaneously, utilizing the same robust electric architecture found in its consumer-grade electric bikes and commercial quads. This integrated approach ensures consistency across their entire product lineup.

Read Also:E2E Networks Stock Hits Upper Circuit Daily, Turning Investors into Millionaires

Why This Matters

BozokMedia analysis shows that Also is positioning itself as a vertically integrated powerhouse in the small-scale EV market. By controlling both the hardware and the autonomous software, the company is attempting to replicate the high-margin, high-tech model that made Rivian a standout in the truck and SUV segment.

We backed Rivian early because we saw the potential behind vertically integrated electric vehicles; Also is applying that same philosophy to smaller form factors.

Historical Background: Also did not begin as an independent entity but as a specialized "skunkworks" project within Rivian. Driven by CEO RJ Scaringe's vision for micromobility, the team recruited top-tier talent from Apple, Google, Tesla, and Specialized. This specialized unit officially spun out as an independent company in 2025, armed with a mission to redefine urban logistics.

Strategic Partnerships and Market Presence

The startup's growth is bolstered by high-profile industry connections. A multi-year commercial agreement with DoorDash is already in place to deploy autonomous vehicles. Furthermore, one of Also's quad vehicles is slated for supply to Amazon, highlighting the massive scale of potential demand. While the company faced initial delays with its TM-B e-bike launch, it has now begun shipping units and is opening pre-orders for its upcoming performance models.

Did You Know?: Despite being independent, Rivian maintains a minority stake in Also, and RJ Scaringe continues to serve on the Also board.

Frequently Asked Questions

1. What is the primary use of the new $150 million funding?
The funds will be used to advance autonomous driving technology and develop various autonomous vehicle formats.

2. Is Also related to Rivian?
Yes, Also was originally a project within Rivian and remains connected through minority ownership and shared leadership.