Also Inc., a micromobility startup spun out of Rivian, has successfully raised $200 million from Greenoaks Capital, elevating its post-money valuation to $1 billion. Earlier, it secured $105 million from Eclipse Ventures after being established as an independent company from Rivian. Originating as Project Inder within Rivian in 2022, Also initially focused on an e-bike, collaborating with Jony Ive's design firm, LoveFrom. The startup plans to expand its product offerings to include various micro-EVs, with an announcement of its first designs expected later this year.
Also Inc., the micromobility startup spun out of Rivian earlier this year, has raised $200 million from Greenoaks Capital, bringing its valuation to $1 billion.
The startup raised $105 million from Eclipse Ventures earlier this year when it was cleaved from Rivian, transitioning from a skunkworks team to an independent entity.
Also started as a project within Rivian in 2022, known as Project Inder, which focused on developing an e-bike with design contributions from Jony Ive's firm.
The company plans to produce various micro-EVs and plans to unveil their first designs later this year.
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