Rivian spin-off Also reveals it will make lightweight electric vehicles

Akash Sriram

Wed, Mar 26, 2025, 6:17 AM 1 min read

By Akash Sriram

(Reuters) - Micromobility startup Also said connected Wednesday it has been spun-off from electric-vehicle shaper Rivian Automotive with $105 cardinal successful Series B backing from task superior steadfast Eclipse and volition absorption connected lightweight EVs.

Also volition connection small, lightweight, electrically powered vehicles to service customers astatine assorted terms points and crossed geographies, the institution said, but did not springiness circumstantial details astir the products.

As request for sustainable proscription grows, startups are progressively focusing connected tiny electrical vehicles arsenic a solution to congestion, affordability and expanding emissions.

The micromobility assemblage has been plagued by bankruptcies and fiscal setbacks, with companies specified arsenic Van Moof, Bird and Lime struggling owed to precocious costs and regulatory challenges, starring to concern models that failed to crook task superior enthusiasm into profitable municipality proscription solutions.

"There's not a singular signifier origin (physical design, signifier and size) that answers each needs," Rivian CEO RJ Scaringe told Reuters.

"We've been taking the Rivian exertion stack and adapting it to overmuch smaller signifier factors and past coming up with immoderate incredibly breathtaking embodiments of that exertion successful these precise tiny signifier factors."

Also, which volition run independently with number ownership from Rivian, volition uncover its products aboriginal this year, Scaringe added.

Rivian has been moving connected micromobility products utilizing the company's electrical conveyance exertion and had filed a trademark for bicycles, electrical bikes and related parts successful aboriginal 2022.

Also plans to grow globally with its archetypal flagship merchandise successful 2026 meant for the United States and Europe, followed by tailor-made electrical vehicles for Asia and South America.

(Reporting by Akash Sriram successful Bengaluru; Editing by Krishna Chandra Eluri)