ALSO raises $105M in outside funding
ALSO raised $105 million in outside funding from Eclipse, Rivian and Greenoaks as it became an independent small-electric-vehicle company.
Evidence notes
- ALSO originated in a Rivian incubation programme before becoming a separate company.
- Eclipse led the outside financing, with participation from Rivian and Greenoaks.
- The capital supports a vertically integrated platform for small electric vehicles.
Company context
ALSO develops small electric vehicles for people and goods using a common software, battery and vehicle architecture. Born out of Rivian, the independent company is extending its TM-B e-bike and TM-Q delivery quad platform into autonomous delivery vehicles through a multi-year DoorDash agreement.