ALSO closes $150M Series D led by Prysm Capital
ALSO closed a $150 million Series D led by Prysm Capital to accelerate its autonomous small-vehicle platform.
Evidence notes
- Prysm Capital led the $150 million Series D.
- Eclipse Capital, Greenoaks and MVP Ventures participated.
- The capital supports multiple autonomous vehicle form factors for moving goods and people.
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.