Rivian Spins out Micromobility Business Into new Startup - Also, Inc.

Rivian has spun out its micromobility business into a new company called Also, Inc. It will focus on small, lightweight vehicles that are designed to meet global mobility transportation challenges..

The US-based company retains a substantial minority ownership stake in Also.

It expects opportunities for future collaboration, which may include selectively using some of Rivian’s retail footprint.

In connection with the spin-off, Also secured a $105 million investment from the venture capital fund, Eclipse Ventures, which will support Also’s next phase of growth.

Rivian Founder and CEO RJ Scaringe will serve on Also’s Board of Directors as its Chairman.

Rivian Founder and CEO, RJ Scaringe, says:. ““For the world to fully transition to electrified transportation, a range of vehicle types and form factors will be needed. I am extremely excited about the innovations developed by the Also team that will underpin a range of highly compelling micromobility products that will help define new categories.”

Rivian says it continues to make significant progress toward its R2 launch in  Normal, Illinois and expects to begin customer deliveries of the all-new midsize SUV in the first half of 2026.