- Exciting Spinoff Launched with $105 Million VC Investment, Rivian Retains “Substantial Minority Stake”
- Revolutionary Electric Vehicles Promised to Be Affordable and Highly Efficient
- Innovative Micromobility Startup to Share Sales Space with Rivian
- Anticipated Flagship Product Set to Debut in Early 2026
The automotive industry is at a crossroads, with questions arising about the necessity of larger and heavier electric vehicles compared to traditional gasoline-powered counterparts. However, a new Palo Alto-based micromobility startup, Also, aims to challenge the status quo and provide consumers with alternatives to oversized products.
Also, a spinoff from Rivian, has secured a significant investment of $105 million from Eclipse Ventures. Rivian’s CEO, RJ Scaringe, will play a key role as the chairman of Also, signaling future collaboration opportunities between the two companies.
With plans to launch its flagship product in early 2026, Also will focus initially on the U.S. and Europe before expanding globally. The company’s vision includes a range of small electric vehicles built on an integrated technology platform to deliver a unique user experience.
Rivian R3
Also aims to revolutionize the electric vehicle market by offering efficient, sustainable, and enjoyable transportation options. The company’s goal is to make electric vehicles more affordable, enjoyable, and 10-50 times more efficient than traditional vehicles.
Road transportation accounts for a significant portion of global CO2 emissions, and Also believes that by replacing short car trips with small electric vehicles, it can make a substantial impact on reducing emissions.
Rivian’s future lineup also includes smaller electric vehicles, such as the R2 electric SUV and the R3 and R3X rugged hatchbacks, further emphasizing the shift towards compact and efficient transportation solutions.