THE US based EV maker Rivian has spun out its micromobility business into a new company called Also, Inc.
Rivian says that Also will focus on small, lightweight vehicles that are designed to meet the global mobility transportation challenges of today and tomorrow.
The company had been operating a sort of skunk works team to assess how its strength in software, electronics and electric propulsion could be applied to create an advantaged cost structure and greatly enhanced product relative to currently available offerings.
Also will now continue this work independently with a $105 million investment from the venture capital fund, Eclipse Ventures
“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. “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 is scaling up to launch its new mid-size SUV called R2 (main picture). Due to be on sale in the US in 2026, Rivian is planning to bring the car to Europe later that year.
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