--- title: Rivian spinout Also raises $150m, and the e-bike is just... description: Also, the micromobility startup spun out of Rivian, raised a $150 million Series D led by Prysm Capital, pushing its valuation above $1 billion and total... canonical: https://daily.dev/posts/rivian-spinout-also-raises-150m-and-the-e-bike-is-just-the-wedge-ax6cfnmwb twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Rivian spinout Also raises $150m, and the e-bike is just the wedge | daily.dev og:description: Also, the micromobility startup spun out of Rivian, raised a $150 million Series D led by Prysm Capital, pushing its valuation above $1 billion and total... og:url: https://daily.dev/posts/rivian-spinout-also-raises-150m-and-the-e-bike-is-just-the-wedge-ax6cfnmwb og:image: https://api.daily.dev/og/posts/AX6cFNMwb.png og:image:alt: Rivian spinout Also raises $150m, and the e-bike is just the wedge og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Rivian spinout Also raises $150m, and the e-bike is just the wedge **[The Next Web](https://daily.dev/sources/tnw)** · 5 min read · 0 upvotes · 0 comments ## Summary Also, the micromobility startup spun out of Rivian, raised a $150 million Series D led by Prysm Capital, pushing its valuation above $1 billion and total funding to $455 million in under two years. Despite selling only an e-bike so far, CEO Chris Yu says the real business is a shared electric and autonomous platform meant to power everything smaller than a car, from delivery quads to driverless pods. The company already supplies cargo bikes to Amazon and has a multi-year autonomous delivery deal with DoorDash. The raise comes amid a rough patch for e-bikes generally, with Rad Power Bikes bankrupt, Juiced Bikes collapsed, and Porsche exiting the category. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much funding has Rivian spinout Also raised in total and at what valuation? Also has raised $455 million in total funding in under two years, following a $150 million Series D round led by Prysm Capital that pushed its valuation above $1 billion. Earlier rounds included $105 million at its 2025 spinout from Rivian and a $200 million Series C led by Greenoaks with participation from DoorDash. _Track how fast-moving mobility and autonomy funding rounds are shaping the market on daily.dev._ ### What is Also's business strategy beyond selling e-bikes? Also positions its e-bike as a wedge product while building a shared electric and computing platform meant to power any vehicle smaller than a car, including pedal-assist delivery quads and fully autonomous pods for goods and passengers. It already supplies cargo bikes to Amazon and has a multi-year deal with DoorDash to build autonomous last-mile delivery machines on the same architecture. _Follow how startups like Also frame hardware products as platforms on daily.dev._ ## Similar posts on daily.dev - [Rivian’s first e-bike is unlike anything you’ve ever seen](https://daily.dev/posts/rivian-s-first-e-bike-is-unlike-anything-you-ve-ever-seen-uayjxovyp) · Hacker News · 0 upvotes · 0 comments - [Lectric thrives as VC-backed e-bike rivals go bankrupt](https://daily.dev/posts/lectric-thrives-as-vc-backed-e-bike-rivals-go-bankrupt-yzxf1fjnz) · The Next Web · 0 upvotes · 0 comments - [Rivian spinoff Mind Robotics raises another $400M](https://daily.dev/posts/rivian-spinoff-mind-robotics-raises-another-400m-zvdbbah6s) · TechCrunch · 0 upvotes · 0 comments - [TechCrunch Mobility: Rivian's savior](https://daily.dev/posts/techcrunch-mobility-rivian-s-savior-nlqirl02o) · TechCrunch · 0 upvotes · 0 comments --- Tags: [#tech-news](https://daily.dev/tags/tech-news), [#startup](https://daily.dev/tags/startup), [#venture-capital](https://daily.dev/tags/venture-capital) [View this post on daily.dev](https://daily.dev/posts/rivian-spinout-also-raises-150m-and-the-e-bike-is-just-the-wedge-ax6cfnmwb) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Rivian spinout Also raises $150m, and the e-bike is just the wedge","url":"https://daily.dev/posts/rivian-spinout-also-raises-150m-and-the-e-bike-is-just-the-wedge-ax6cfnmwb","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/rivian-spinout-also-raises-150m-and-the-e-bike-is-just-the-wedge-ax6cfnmwb"},"datePublished":"2026-08-19T18:06:00.913Z","dateModified":"2026-09-14T08:06:56.632Z","description":"Also, the micromobility startup spun out of Rivian, raised a $150 million Series D led by Prysm Capital, pushing its valuation above $1 billion and total...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/8135bb97bf968b95e18469656138ca34?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/8135bb97bf968b95e18469656138ca34?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/rivian-spinout-also-raises-150m-and-the-e-bike-is-just-the-wedge-ax6cfnmwb","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"tech-news,startup,venture-capital","timeRequired":"PT5M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"Rivian spinout Also raises $150m, and the e-bike is just the wedge"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/rivian-spinout-also-raises-150m-and-the-e-bike-is-just-the-wedge-ax6cfnmwb#faq","mainEntity":[{"@type":"Question","name":"How much funding has Rivian spinout Also raised in total and at what valuation?","acceptedAnswer":{"@type":"Answer","text":"Also has raised $455 million in total funding in under two years, following a $150 million Series D round led by Prysm Capital that pushed its valuation above $1 billion. Earlier rounds included $105 million at its 2025 spinout from Rivian and a $200 million Series C led by Greenoaks with participation from DoorDash. Track how fast-moving mobility and autonomy funding rounds are shaping the market on daily.dev."}},{"@type":"Question","name":"What is Also's business strategy beyond selling e-bikes?","acceptedAnswer":{"@type":"Answer","text":"Also positions its e-bike as a wedge product while building a shared electric and computing platform meant to power any vehicle smaller than a car, including pedal-assist delivery quads and fully autonomous pods for goods and passengers. It already supplies cargo bikes to Amazon and has a multi-year deal with DoorDash to build autonomous last-mile delivery machines on the same architecture. Follow how startups like Also frame hardware products as platforms on daily.dev."}}]} ```