Rivian Spinoff Also Raises $200 Million to Expand Micro-EV Offerings
Also Inc., a micromobility startup that was spun out of electric vehicle manufacturer Rivian earlier this year, has raised $200 million in funding from Greenoaks Capital, according to a report from Bloomberg News. This new funding round brings Also’s post-money valuation to $1 billion. This is not the first investment for the startup, which raised $105 million from Eclipse Ventures earlier this year when it was separated from Rivian. Also originated as a skunkworks team within Rivian[…]