Rivian Spinoff Also Reaches $1 Billion Valuation, Partners With DoorDash

Rivian Spinoff Also Reaches $1 Billion Valuation, Partners With DoorDash

Also, an electric bike and transportation startup spun out of Rivian Automotive Inc., has reached a $1 billion valuation in a new funding round, and has struck a partnership with DoorDash Inc. to work on autonomous deliveries. The financing brought in $200 million for Palo Alto, California-based Also and was led by existing investor Greenoaks [...]

ALSO & DoorDash Partner to Scale Autonomous EV Delivery

Autonomous delivery is taking a significant step forward as Rivian’s micromobility spinoff ALSO announced a strategic partnership with DoorDash.The collaboration aims to develop and deploy small, purpose-built electric vehicles designed specifically for last-mile logistics in dense urban environments.Unlocking the “In-Between” SpacesOne of the biggest challenges in last-mile delivery lies in navigating the areas between traditional road infrastr…