Also, a spinout from Rivian, fully-funded by Eclipse, has developed a full technology stack to underpin a range of small electric vehicle platforms for consumers and businesses worldwide
PALO ALTO, Calif., March 26, 2025 -- New electric micromobility company, Also, emerged from stealth today to rethink small electric vehicles (EVs). Founded by a focused stealth team within Rivian, Also launches with $105 million in funding from Eclipse. Built on vertically-integrated and scalable technology, Also is developing a portfolio of electrified products across the micromobility space to address the diverse needs of both consumer and commercial transportation markets spanning a range of use cases, price points and geographies. Also's flagship product is expected to launch in 2026 for consumers in the U.S. and Europe, followed by products tailored for both consumer and commercial use in Asia and South America.
For the planet to fully transition to sustainable transportation, a wide range of form factors and vehicle types will be needed. Also was originally formed within Rivian to examine how Rivian's strength in software, electronics and electric propulsion could be applied in low cost ways across a variety of small electric vehicle types. As these efforts advanced, it became clear that the approach had the potential to unlock a large opportunity that deserved to be its own company optimized around different products, brand positioning and markets.
The need for transformative solutions in transportation has never been more urgent. With urban populations projected to soar to seven billion people by 2050, current roadway infrastructure is under immense strain. Simultaneously, road transportation continues to be the largest driver of global CO2 emissions. In the U.S. alone, the majority of vehicle trips are under six miles and only 6.9% are longer than 30 miles. This reality underscores the need for high-impact alternatives that can reduce congestion, improve accessibility and lower environmental harm.
"We believe in a future where there are a broad range of transportation vehicle types available to customers," said Rivian Founder and CEO RJ Scaringe. "Just as Rivian continues to focus on building products that are inviting, capable and fun, I am super excited to see Also launch as a platform for a new category of all-electric vehicles. Small electric vehicles will play a key role in efficient, clean and convenient mobility, opening new opportunities for people to get around quickly and with minimal impact."
To learn more about Also, please visit www.RideAlso.com.
About Also
Also is an electric micromobility innovator dedicated to redefining transportation with a new generation of small, vertically integrated EVs. Originally conceived within Rivian, Also is tackling today's global mobility challenges with cutting-edge design and technology. Set to launch its flagship product in early 2026, the company will initially focus on U.S. customers before expanding globally across consumer and commercial markets. With a revolutionary micromobility platform, Also is building a dynamic range of electric vehicles that are efficient, sustainable, and delightful to use. The full-stack architecture has been developed in house — from motors, and batteries to electrical architecture and software. This unlocks a customer experience, customization options and vehicle capabilities never seen before. Headquartered in Palo Alto, CA, Also is powered by a rapidly growing team with deep expertise spanning technology, software, mobility, and recreation.
About Eclipse
With ~$5 billion in assets under management and a team of investors with deep operating expertise in technology, manufacturing, supply chain, logistics, healthcare, and consumer products, Eclipse is a leading U.S. venture capital firm. Its leadership team has the experience necessary to create and scale complex operations. Eclipse partners with exceptional companies that make physical industries more efficient, resilient, and profitable. For more information, visit www.eclipse.capital.
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