ALSO closes $200M Series C alongside DoorDash partnership
ALSO closed a $200 million Series C led by Greenoaks, with Prysm Capital and a strategic investment from DoorDash.
Evidence notes
- Greenoaks led the $200 million Series C.
- Prysm Capital participated and DoorDash made a strategic investment.
- The financing accompanied a multi-year agreement to develop and deploy autonomous delivery 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.