Rivian spins out secret e-bike lab into a new company called Also

is transportation editor with 10+ years of experience who covers EVs, public transportation, and aviation. His work has appeared in The New York Daily News and City & State. Rivian announced the creation of a new micromobility company called Also. The deal includes $105 million in Series B funding from venture capital firm Eclipse and will focus on the development and production of lightweight electric vehicles like bikes and scooters. “For the world to fully transition to electrified transportation, a range of vehicle types and form factors will be needed,” said Rivian Founder and CEO RJ Scaringe in a statement. “I am extremely excited about the innovations developed by the Also team that will underpin a range of highly compelling micromobility products that will help define new categories.” Rivian says its started a “stealth program” focused on micromobility several years ago, recognizing “a massive need” for more smaller, light-weight electric vehicles like bikes and scooters. It ... Read full article.