Rivian Spinout Also Raises $150 Million to Scale Autonomous Delivery

Also, a micromobility startup spun out of Rivian, has raised $150 million in a Series D funding round to accelerate its expansion into autonomous delivery vehicles. The investment marks a significant pivot for the company as it moves beyond consumer hardware into high-value commercial logistics.

The funding round was led by Prysm Capital, with additional participation from Eclipse, Greenoaks, and MVP Ventures. This latest injection of capital brings Also's total funding to $455 million since its inception. According to Jay Park, co-founder and managing partner at Prysm Capital, the firm backed Also because the company applies the same vertically integrated approach to small-form-factor vehicles that Rivian used for its electric trucks and SUVs.

From Skunkworks to Independence

Also began as a skunkworks project within Rivian, born from CEO RJ Scaringe's interest in the micromobility sector. The company officially spun out in 2025, though it maintains a close relationship with its parent; Rivian retains a minority stake in the venture, and Scaringe continues to serve on Also's board. The startup's team is composed of industry veterans from Apple, Google, Tesla, and Specialized. While operating as an independent entity, Also continues to leverage Rivian's existing retail presence, technology, and economies of scale to speed up its go-to-market strategy.

Scaling Commercial Logistics

Until now, Also's product lineup has focused on smaller electric vehicles, including the TM-B two-wheeler priced at $4,500 and various quad vehicles, some of which are already being supplied to Amazon. However, the company is now shifting its strategic focus toward the last-mile delivery market. To support this, Also has entered into a multiyear commercial agreement with DoorDash to develop and deploy a fleet of autonomous delivery vehicles.

This shift signals an attempt to disrupt the logistics industry by using a shared electric architecture to scale different autonomous form factors. By moving into the commercial space, Also is targeting the high-margin delivery sector where autonomous efficiency can significantly reduce operational costs for partners like DoorDash and Amazon.

The Road Ahead

As Also integrates its autonomous technology into its commercial fleet, the industry will be watching how effectively the company can transition from selling individual e-bikes to managing complex autonomous deployments. While the funding provides a substantial runway, the success of the DoorDash partnership will likely determine if Also can replicate Rivian's success in the smaller-vehicle category. It remains to be seen how quickly these autonomous vehicles will move from development to wide-scale urban deployment.