ALSO

ALSO

Designs compact electric micromobility vehicles

Overview

Also is a micromobility company spun out from Rivian Automotive in 2025 that designs compact electric vehicles for urban travel, including e-bikes, scooters, and small four-wheel models for consumer and commercial use. It follows a vertically integrated approach, developing electric motors, batteries, and software in-house to improve efficiency and design flexibility. Its Transcendent Mobility concept aims to make short trips more engaging and connected while reducing emissions. With Rivian retaining a minority stake and the founder serving as chairman of the board, Also plans to launch its first product in 2026 in the United States and Europe and pursues logistics and delivery applications to broaden urban mobility.

Launched Recently
Funded Recently

About ALSO

Simplify's Rating
Why ALSO is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Automotive & Transportation

Hardware

Energy

Consumer Software

Company Size

201-500

Company Stage

Series D

Total Funding

$655M

Headquarters

Palo Alto, California

Founded

2025

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Simplify's Take

What believers are saying

  • ALSO began TM-B deliveries in August 2026, proving manufacturing and fulfillment execution.
  • August 19, 2026 brought a $150 million Series D, lifting total funding to $350 million.
  • DoorDash’s March 2026 partnership validates ALSO’s autonomous delivery roadmap and commercial relevance.

What critics are saying

  • TM-B slipped from spring to August 2026, exposing fragile supply-chain execution.
  • ALSO depends on Amazon and DoorDash before proving autonomous delivery economics.
  • If TM-B demand disappoints, ALSO burns $350 million chasing an unproven platform.

What makes ALSO unique

  • Rivian engineering gives ALSO automotive-grade hardware, software, and manufacturing discipline.
  • TM-B’s generator-driven pedal system and custom motor create a distinctive riding experience.
  • Amazon and DoorDash relationships anchor ALSO in fleet logistics, not consumer cycling.

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Funding

Total Funding

$655M

Above

Industry Average

Funded Over

4 Rounds

Series D funding is typically for companies that are already well-established but need more funding to continue their growth. This round is often used to stabilize the company or prepare for an IPO.
Series D Funding Comparison
Above Average

Industry standards

$77M
$70M
Twilio
$80M
Handshake
$100M
Affirm
$150M
ALSO

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Company Match

Flexible Work Hours

Family Planning Benefits

Growth & Insights and Company News

Headcount

6 month growth

10%

1 year growth

0%

2 year growth

1%
FinSMEs
Aug 19th, 2026
ALSO raises $150M in Series D funding.

ALSO raises $150M in Series D funding. August 19, 2026 ALSO, a Palo Alto, CA-based technology company building small electric vehicles, raised $150M in Series D financing. The round was led by Prysm Capital with participation from Eclipse, Greenoaks, and MVP Ventures. The raise brought the total amount to $350M. The company intends to use the funds to accelerate its mission to bring driven and autonomous small electric vehicles to consumers and businesses worldwide, accelerate the development of its autonomous vehicle platform, and progress multiple autonomous form factors. Led by Co-Founder and President Chris Yu, ALSO is an electric mobility company that combines vertically integrated hardware and software to deliver purpose-built mobility platforms for moving people and goods. Their solution leverages EV architecture developed for driven and autonomous applications, including consumer electric bikes and commercial electric delivery quads. They offer the TM-B Launch Edition electric bike shipping across the U.S. and have opened pre-orders for the TM-B Performance and Standard models. Don't just read the news. Own the data. Stop manually tracking deals. Access this round and over 100 others this week - in our structured Master Database (XML) + Weekly Intelligence PDF. [Access FinSMEs Intelligence Hub] 19/08/2026

Fortune
Aug 19th, 2026
Also raises $150M at $1B+ valuation to build autonomous delivery vehicles disguised as e-bikes

Also, a Palo Alto-based micromobility startup, has raised $150 million in Series D funding led by Prysm Capital, pushing its valuation past $1 billion. The two-year-old company, which spun out of Rivian in early 2025, makes a small-vehicle technology platform designed for anything smaller than a car, including e-bikes, delivery vehicles, and autonomous transport. The new capital will accelerate Also's autonomous vehicle platform for moving goods and passengers. The company already has partnerships with Amazon and DoorDash for commercial delivery applications. Also's founder Chris Yu argues that repurposing large vehicles for short trips is inefficient in dense urban areas. The startup aims to make small-form-factor autonomy a standard part of transportation within five years, despite recent bankruptcies in the e-bike sector.

NewsTechia
Aug 1st, 2026
Rivian spinoff Also breaks delivery delays with its first e-bike.

Rivian spinoff Also breaks delivery delays with its first e-bike. From EV maker offshoot to electric bicycle startup. Also, the electric vehicle startup that emerged from Rivian, is finally moving bikes out of development and into customers' hands - ending a stretch of delays that kept its debut product, the TM-B e-bike, grounded longer than anticipated. The TM-B arrives after a prolonged wait. The TM-B is Also's first product to reach consumers, and its arrival matters more than a typical product launch might. For a young company still building credibility, the gap between announcement and delivery is the period where startups either prove they can execute or bleed enthusiasm. Also spent months in that gap. The delays weren't unusual for hardware-focused startups, where supply chain complexity, manufacturing tolerances, and regulatory requirements stack up against optimistic timelines. Getting a new electric two-wheeler certified, assembled, and shipped involves a different kind of operational weight than pushing a software update. Also is now past that stage - at least for this model. What distinguishes Also from the crowded e-bike market isn't its current product lineup so much as its origin story and its stated direction. The company spun out of Rivian, the electric truck and delivery van maker backed by Amazon, which gives Also a specific kind of institutional DNA - one oriented toward fleet logistics and last-mile delivery rather than recreational cycling. Also describes itself as a "vehicle" company, not a bicycle company. That framing is intentional. Positioning the TM-B as one product in a broader vehicle portfolio, rather than the company's defining identity, signals where Also expects its business to grow. The e-bike gets you in the door. What comes next is a different category entirely. Amazon, cargo vehicles, and the real business model. The more revealing part of Also's roadmap isn't the TM-B - it's the four-wheel pedal-assist cargo vehicles the company is developing for Amazon. That project points to where Also's commercial weight actually sits. Building last-mile delivery vehicles for one of the world's largest logistics operations is a fundamentally different business than selling consumer e-bikes, and the revenue potential, contract structure, and operational scale don't compare. Amazon's connection to Also runs deeper than a vendor relationship. Rivian, Also's parent company, has had a long-standing partnership with Amazon to produce electric delivery vans - a contract that reshaped Rivian's production priorities and balance sheet. Also inheriting a working relationship with Amazon through that lineage isn't accidental. It's an asset that most e-bike startups simply don't have access to. Pedal-assist cargo vehicles occupy an interesting space in urban logistics. They're slower than electric vans but cheaper to operate, easier to park, and viable in dense corridors where larger vehicles struggle with traffic and access restrictions. Cities like New York, Paris, and Amsterdam have seen cargo e-bike deployments grow as delivery density increases and zero-emission zones expand. A four-wheel pedal-assist cargo vehicle adds stability and load capacity to that model - effectively a step between a standard cargo bike and a small electric van. Whether Amazon deploys Also's cargo vehicles at scale depends on factors that have nothing to do with the quality of the product - fleet integration costs, routing software compatibility, regulatory approval across different city jurisdictions, and Amazon's own internal logistics priorities. Still, having Amazon as a named target customer before a product is even out of development is a position most startups spend years trying to reach. Also starting deliveries of the TM-B now gives the company something concrete to point to while its larger cargo vehicle ambitions take shape. A delivered, functioning product - even a consumer e-bike - establishes that Also can move hardware through manufacturing and fulfillment. That operational track record matters when the stakes of the next project are considerably higher. A spinoff with specific ambitions. Rivian spinning out Also reflects a deliberate choice to let a more nimble entity pursue the lighter-vehicle, pedal-assist segment without the overhead of a full EV manufacturer. Rivian's core business - electric trucks and commercial vans - operates at a completely different scale and cost structure than e-bikes and cargo cycles. Keeping Also separate lets the startup move faster and fail cheaper if something doesn't work. The TM-B deliveries starting now puts a small but real stake in the ground. Also has a vehicle in the market, a high-profile customer in its pipeline, and a self-description that deliberately avoids the word "bicycle." The question isn't whether the TM-B succeeds on its own terms - it's whether Also can actually deliver a four-wheel pedal-assist cargo vehicle to Amazon at a volume and price point that makes the whole venture worthwhile. Nadia reports on the tech industry with a focus on policy, business strategy, and the people building it.

TechCrunch
Jul 31st, 2026
Rivian spinoff Also to deliver $4,500 e-bikes after months of supply chain delays

Rivian spinoff Also will begin delivering its TM-B e-bikes next week after months of supply chain delays. The Launch Edition, priced at $4,500, has shipped from the manufacturer to Also's US warehouse, with all deliveries expected between next week and September. Also originated as a skunkworks project within Rivian in 2022. Rivian spun out the company in March 2025 with $105 million in backing from Eclipse. The startup unveiled the TM-B in October, initially targeting spring 2026 delivery before supply chain issues pushed the timeline to July, then summer. The company cited industry-wide spikes in demand for raw materials and electronic components but declined to specify which parts caused delays. Beyond e-bikes, Also plans to produce pedal-assist cargo vehicles for Amazon and autonomous delivery vehicles for DoorDash. Customer frustration mounted on social media as July ended without deliveries, with some cancelling reservations.

Ars Technica
Apr 16th, 2026
Also's generator-driven e-bike uses software to simulate — and improve — traditional cycling

San Francisco-based startup Also has developed an electric bicycle that completely reimagines the connection between pedaling and motion. When riders pedal the TM-B, they turn a generator, with software controlling how that power combines with battery output to drive a motor. The bike emerged from conversations with Rivian, the electric car company that helped launch Also. The startup designed most components in-house, including a custom motor housed in cast magnesium and a modular seating system that allows quick configuration changes. During testing, the bike felt natural during normal riding whilst automatically adjusting resistance and power during sudden acceleration, functioning like an automatic transmission. The system responds instantly to changes in pedaling force without requiring manual gear shifts. The TM-B will be manufactured in Taiwan using Also-owned equipment and trained staff.

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