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After starting a “stealth program” years ago, Rivian’s (RIVN) new spin off will take on the micromobility space. Rivian spun out its micromobility business into a new EV startup called Also, Inc. The new brand will focus on lightweight vehicles like electric scooters, bikes, and more. Here’s what we know about Rivian’s new startup so far.
Rivian spin-off Also is a micromobility EV startup
Rivian is known for its flagship R1S electric SUV and R1T pickup, but the EV maker is planning to launch a series of (much) smaller vehicles.
Several years ago, Rivian started a “stealth program focused on micromobility” after seeing a massive need for smaller, sustainable transportation options.
In 2022, Rivian filed a trademark for electric bicycles and scooters, including the supporting components like battery packs, electric motors, and more.
Rivian’s initial goal was to see if it could use its advanced EV powertrain and software stack to make better products than what’s offered. And at a lower cost.
After significant advancements over the past few years, cutting costs and improving efficiency, the company said it “became clear Rivian’s approach had the potential to unlock a large opportunity.” According to Rivian, that opportunity deserves its own business.
Rivian announced on Wednesday that it has spun out its micromobility business into a new EV startup called Also, Inc.
Also secured a $105 million investment from Eclipse Ventures, which will be used to support the startup’s growth. Rivian’s CEO RJ Scaringe will serve as a Board of Director as Chairman.
Scaringe said, “For the world to fully transition to electrified transportation, a range of vehicle types and form factors will be needed.” According to Scaringe, the new EV startup will introduce several new innovations that will underpin “a range of highly compelling micromobility products” that will define new categories.
Rivian owns a “substantial minority stake” in Also and said it expects more opportunities for collaboration in the future. However, it will remain a standalone company.
Scaringe told TechCrunch that the “stealth” micromobility program now consists of around 70 former Apple, Google, Tesla, and Uber employees.
The startup will showcase its first product later this year. Although no details were offered, Scaringe said, “There’s a seat, and there’s two wheels, there’s a screen, and there’s a few computers and a battery.”
Meanwhile, Rivian is preparing to launch its midsize R2. In an update on Tuesday, Tony Sanger, the company’s VP of production facilities, said the expansion at its Normal, IL plant for R2 is still on track. Rivian plans to begin deliveries in the first half of 2026.
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