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.

3Co-founder and President Chris Yu confirmed these developments in a media interview.

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.