EV Manufacturer Rivian Spins off Micromobility Start-up

Rivian is expanding beyond traditional electric vehicles with a bold new venture into micromobility. The EV manufacturer that's attracted billions in investment from Amazon, Ford, and Volkswagen has launched "ALSO" – a separate startup focused on developing small, lightweight electric vehicles for global markets. With $105 million in initial funding from Eclipse Ventures, ALSO represents Rivian's acknowledgment that transportation solutions must vary dramatically across different cultures and geographies. While Americans embrace spacious trucks and SUVs thanks to our highway-centric infrastructure, many global markets require entirely different approaches to mobility.