Rivian, known for its electric trucks and SUVs, has quietly been developing a secret e-bike lab. Now, this division is emerging as a standalone company named Also, signaling a significant move into the micromobility sector. This strategic spin-off allows Also to focus specifically on developing and producing lightweight electric vehicles, such as e-bikes and scooters, catering to the growing demand for sustainable urban transportation solutions. The launch of Also is backed by a substantial $105 million in Series B funding, led by venture capital firm Eclipse. This financial injection provides Also with the resources necessary to scale its operations, invest in research and development, and bring innovative micromobility products to market. The partnership with Eclipse, known for its investments in hardware and manufacturing, further strengthens Also's position in the competitive landscape of electric vehicle startups. The decision to spin out the e-bike division reflects Rivian's broader vision for the future of transportation. While Rivian continues to focus on larger electric vehicles, the creation of Also demonstrates an understanding of the importance of diverse transportation options, particularly in urban environments. Micromobility solutions like e-bikes and scooters offer a practical and eco-friendly alternative for short-distance travel, reducing congestion and emissions in cities. Also aims to contribute to the global transition towards electrified transportation by offering a range of vehicle types that cater to different needs and preferences. By focusing on lightweight electric vehicles, Also can address the challenges of urban mobility with sustainable and efficient solutions. The company's commitment to innovation and quality, combined with the financial backing of Eclipse, positions it as a promising player in the rapidly evolving micromobility market. The future will show how Also impacts the landscape of urban transportation and contributes to a more sustainable future.
