Also Inc. scores $200M from Greenoaks Capital, hits $1B valuation
Micromobility startup Also Inc., spun out of Rivian earlier this year, just closed a $200 million funding round led by Greenoaks Capital. This boost pushes its post-money valuation to $1 billion.
The company had already raised $105 million from Eclipse Ventures back when it separated from Rivian. 
Also originated as an internal Rivian project in 2022, called Project Inder. The team focused on an e-bike and roped in Apple designer Jony Ive’s LoveFrom agency to help shape the product.
Now a standalone firm, Also aims to build micro electric vehicles of varying shapes and sizes. The first designs are expected to drop later this year.
Rivian and Also did not respond to requests for comment. We’ll update if they do.
Read more via Bloomberg.
