Rivian Spins out Micromobility Business into New Startup—Also, Inc.
1. Rivian spun out its micromobility business, creating Also, Inc. 2. Also will focus on small electric vehicles for sustainable transport.
FAQ
Why Bullish?
The spin-out indicates strategic focus on sustainable transport, potentially enhancing Rivian's core brand and market differentiation. Historical examples show that niche focus often enhances a company's market cap, as evidenced by similar moves in the EV sector.
How important is it?
The announcement of Also, Inc. aligns Rivian with growing micromobility trends, indicating innovation potential and future revenue streams.
Why Long Term?
This strategic shift may take time to materialize into financial success, following the trend of other tech firms that gradually gain market share after successful rebranding or new ventures.