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RIVNBullishCorporate Developmentsnews

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Rivian-Backed Also Raises $150 Million to Accelerate Autonomous Micro-Mobility

Aug 19, 2026, 11:46 AM EDT1 sourcesAI-analyzed

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The financing and strategic alignment with DoorDash and Amazon-related opportunities could modestly expand Rivian-related ecosystem value; progress in Also could signal favorable economics if tech licensing or collaboration scales.

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Also, the micromobility startup spun out of Rivian, raised $150 million in a Series D led by Prysm Capital to accelerate autonomous driving and multiple form factors. Rivian maintains a minority stake with RJ Scaringe on the board; DoorDash is also an investor and has a multi-year AV deployment agreement. The funding reinforces collaboration around shared EV architectures and potential downstream benefits for Rivian's ecosystem.

Also raises $150 million Series D to fund autonomous delivery tech and form factors.
Round led by Prysm Capital; total funding since inception about $455 million.
Also spun out from Rivian in 2025; Rivian holds minority stake and Scaringe sits on board.
DoorDash participates in funding; multi-year agreement to deploy autonomous vehicles.
Also products include TM-B $4,500 two-wheeler and quads; launch editions shipping

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