Rivian spinoff Also raises another $200M to build e-bikes and more
Micromobility startup Also, which emerged from Rivian, secured $200 million in funding from Greenoaks Capital.
MAIN POINTS
- Also is a micromobility startup.
- The company spun out from Rivian in 2023.
- Greenoaks Capital invested $200 million in Also.
- The funding aims to support Also's growth and development.
TAKEAWAYS
- Also is leveraging its Rivian origins to attract significant investment.
- The $200 million funding highlights investor confidence in micromobility solutions.
- Greenoaks Capital's involvement suggests strategic interest in emerging transportation technologies.
- This investment positions Also for potential expansion and innovation in the micromobility sector.