Also plans to launch flagship product in the United States and Europe next year
MY TECH INTERESTS
9h ago
Rivian Explores Affordable Micromobility Solutions with Also Startup
- RJ Scaringe initiated a skunkworks program to explore micromobility solutions that could be smaller and more affordable than their electric vans and trucks.2
- Also plans to launch its flagship product in the United States and Europe next year, with future vehicles aimed at Asia and South America.1
- Scaringe aims to make Rivian-quality micromobility available at affordable prices, addressing the high costs of current e-bikes.1
- The team at Also believes there is a significant market for small form-factor electric vehicles, especially in dense urban areas.1
- RJ Scaringe is exploring smaller, affordable micromobility solutions through a new skunkworks program.
- Also plans to launch its flagship product in the U.S. and Europe next year.
Techcrunch
13h ago
Background
- Rivian has spun out its micromobility business into a new company called Also, Inc., which will focus on small, lightweight vehicles for global transportation challenges.1
- Rivian retains a substantial minority ownership stake in Also and expects future collaboration opportunities.1
- Rivian Founder and CEO RJ Scaringe will serve as Chairman of Also's Board of Directors.2
- Also secured a $105 million investment from Eclipse Ventures to support its growth.1
- Rivian has spun out its micromobility business into a new company called Also, Inc., focusing on small, lightweight vehicles for global transportation challenges.
- Also secured a $105 million investment from Eclipse Ventures to support its growth.
- Rivian Founder and CEO RJ Scaringe will serve as Chairman of Also's Board of Directors.
Business Wire