Rivian Offshoot Also Secures $200M Funding to Expand E-Bike and Mobility Projects
📷 Image source: techcrunch.com
Electric vehicle startup Rivian’s spinoff company, Also, has raised an additional $200 million in funding to accelerate its development of e-bikes and other sustainable mobility solutions. The latest investment round underscores growing investor confidence in alternative electric transportation beyond traditional cars and trucks.
Also, which initially emerged from Rivian’s internal innovation lab, aims to diversify the electric mobility market with lightweight, energy-efficient options. The funding will support the production of its upcoming e-bike lineup, as well as potential expansions into micro-mobility solutions like electric scooters and compact urban vehicles.
Industry analysts suggest that the fresh capital positions Also to compete with established e-bike manufacturers while leveraging Rivian’s expertise in battery technology and sustainable design. The move aligns with broader trends in urban transportation, where demand for eco-friendly, last-mile transit options continues to rise.
According to a report from Bloomberg, the global e-bike market is projected to grow significantly over the next decade, driven by urbanization and environmental concerns. Also’s strategic focus on high-performance, tech-integrated e-bikes could carve out a niche in this competitive space.
The company has not disclosed a timeline for its product launches but confirmed that prototypes are already undergoing testing. With this funding round, Also joins a wave of startups redefining personal mobility in an increasingly electrified world.
