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Rivian spinoff Also reveals a high-end modular e-bike for $4,500

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Several years ago, as a skunkworks team of engineers inside Rivian set out to develop a micromobility vehicle, one question loomed. “What do we build in-house?” Rivian founder and CEO RJ Scaringe said in an interview recounting the early days of Also, which spun out of Rivian earlier this year.

“We realized the only way to do this well is to build everything,” said Scaringe, who sits on Also’s board.

The result, which was revealed Wednesday at an event in Oakland, is a pedal-assist electric bike called the TM-B that is more than just a bike, according to Scaringe and Also President Chris Yu. “This is a whole platform of products we’re going to build in the microspace,” Scaringe said.

At a passing glance, this “more than a bike” looks like a bike, albeit a sleekly designed one that has a few hidden-in-plain sight features. But Yu contends that what lies beneath the surface is what makes the TM-B special and compelling enough to break into a crowded e-bike market.

The TM-B will come in several trims, including a launch edition, performance, and base versions.

The launch edition has identical specs with the performance trim, including a battery that has an estimated 100-mile range, 10 assistive levels, air shocks and air fork for the suspension, and two ride modes including sport that zips the rider down the road. The launch edition, which costs $4,500, is sprinkled with special “launch” colors of a purple ube and blue, and will come to market this spring.

The performance trim, which also retails at $4,500, is expected to come to market in the first half of 2026. The base version, which has a battery with up to 60 miles of range, five assistive levels, an air shock and coil fork for the suspension, and one standard ride mode, is expected to cost less than $4,000 when it hits the market in the second half of next year, according to Yu.

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