Rivian spinout Also raises another $150M
The round, led by Prysm Capital, will fund the company’s expansion beyond pedal-assist electric bikes and commercial cargo quads to autonomous delivery vehicles.
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Rivian spinoff Also will build autonomous delivery vehicles for DoorDash
DoorDash joins Greenoaks Capital in another $200 million funding round for Also, bringing its total funding to more than $500 million.
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RJ Scaringe has raised more than $12B across three startups and investors still want more
Investors can’t seem to get enough of RJ Scaringe or his ideas. Storytelling and communication are one of his superpowers, according to Jiten Behl, who joined Rivian when the company had just a handful of employees.
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Rivian spinoff Also to start delivering e-bikes after months of delays
Also has big plans beyond the TM-B. The startup mostly refers to itself as a “vehicle” company and has plans to make four-wheel pedal-assist cargo vehicles for Amazon.
