1. Also Inc. raised $200 million from Greenoaks Capital. 2. The startup's post-money valuation is now $1 billion. 3. Also started as Rivian's skunkworks team focused on e-bikes. 4. The company plans to launch various micro-EVs soon. 5. Rivian did not provide comments regarding the funding.
The funding for Also Inc. could strengthen Rivian's brand association with innovation and future mobility. Positive investor sentiment around micro-mobility may also uplift Rivian's market perception, similar to when Tesla emerged alongside related ventures.
The article reflects positively on Rivian's ecosystem. The funding success of Also indicates potential for Rivian's tech influence and market growth, impacting investor confidence in Rivian directly.
The establishment of Also as a successful company suggests potential partnerships or revenue models that may benefit Rivian in the future. Historical parallels include how Tesla's spinoffs have attracted investor interest and driven wider valuations in the EV sector.