{
  "id": 1973550,
  "title": "ALSO Raises $150M to Accelerate Autonomous Small EVs",
  "url": "https://urgent.news/2026/08/19/also-raises-150m-to-accelerate-autonomous-small-evs",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-19T16:10:48.000Z",
  "source": {
    "name": "Ventureburn",
    "slug": "ventureburn",
    "url": "https://ventureburn.com/also-raises-150m-autonomous-electric-vehicles/"
  },
  "original_language": "en",
  "account": "Also has successfully raised $150 million in Series D funding to accelerate its electric mobility platform. Lead investor Prysm Capital joined forces with Eclipse, Greenoaks, and MVP Ventures for the round. With this new capital, ALSO's total funding reaches $350 million. The company plans to use the funds to develop autonomous vehicles and progress several designs for both passengers and commercial deliveries. ALSO specializes in small electric vehicles through integrated hardware and software, targeting mobility needs often unmet by traditional cars and vans. Smaller vehicles are seen as a solution to reduce congestion and operating costs, as well as lower emissions in dense urban and suburban areas. Besides its electric bike offering, ALSO is developing a technology platform for vehicles smaller than conventional cars, including the TM-Q electric delivery quad. This vertically integrated platform allows the company to create multiple vehicle forms using shared technology, potentially entering consumer mobility, delivery services, and autonomous passenger transportation markets. ALSO's autonomous mobility pipeline is expanding with compact electric vehicles designed for passenger and delivery applications in increasingly automated urban transport networks. The company has established partnerships with major operators like Amazon and DoorDash for delivery applications, including a multi-year agreement to develop autonomous delivery vehicles. ALSO's strategy aims to improve the economics of short urban trips and make autonomous vehicles an ordinary part of urban transportation. This latest funding follows a $200 million Series C round led by Greenoaks, with Prysm Capital participating again. Originally incubated within Rivian, ALSO became an independent company under the leadership of Co-Founder and President Chris Yu, a former product development professional in the cycling industry.",
  "summary": "ALSO Raises $150M for Autonomous Mobility ALSO has raised $150 million in Series D funding to accelerate its electric mobility platform. Prysm Capital led the round with participation from Eclipse, The post ALSO Raises $150M to Accelerate Autonomous Small EVs appeared first on Ventureburn .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}