Rivian spinoff Also raises another $200M to build e-bikes and more


Also Inc., the startup of microbility flowed from Rivian earlier this year, earned $ 200 million from Greenoaks Capital, according to A New Bloomberg News report.

The financial round brings the post-currency estimate of also $ 1 billion. The starting earned $ 105 million from Eclipse Ventures At the beginning of a year, when it was split by Rivian.

Also started as a Skunkworks team within Rivian in 2022 known as Project Inder, as Techcrunch previously reported. The team started working on an E-bike and even tapped a famous Apple designer of Apple designer’s Lovefrom designer Help with the project.

Now established as its own company, also plans to make micro-GAVES of all shapes and sizes, and will reportedly reveal the first projects at some point later this year.

Rivian and could not be reached for comment either. Techcrunch will update the article if the companies respond.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *