The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

StocksMedium•31 March 2026•

1 min read

Rivian Spinoff 'Also' Hits $1B Valuation and Partners with DoorDash

Key Facts

1Electric bike startup Also, a spinoff from Rivian, reached a $1 billion valuation in a new funding round.

2Also signed a partnership agreement with DoorDash to collaborate on autonomous delivery technologies.

Electric bike startup Also, a spinoff from Rivian, has officially achieved unicorn status after reaching a $1 billion valuation in its latest funding round. Alongside this milestone, the company announced a strategic partnership with DoorDash to collaborate on the development of autonomous delivery technologies. Chris Yu, Co-founder and President of Also, confirmed these developments, highlighting the company's focus on scaling micro-mobility solutions. The partnership aims to integrate Also's specialized hardware with DoorDash's extensive logistics network to optimize last-mile delivery efficiency. For Rivian, the success of its spinoff underscores the strength of its innovation pipeline, while DoorDash gains a potential path to reduced operational costs through automation. This move reflects a growing trend of integrating electric micro-mobility with automated logistics in the tech sector.