{
  "id": 2036347,
  "title": "Rivian spinout Also raises $150M to take its small EVs autonomous",
  "url": "https://urgent.news/2026/08/19/rivian-spinout-also-raises-150m-to-take-its-small-evs-autonomous",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-19T23:15:34.000Z",
  "source": {
    "name": "SiliconANGLE",
    "slug": "siliconangle",
    "url": "https://siliconangle.com/2026/08/19/rivian-spinout-also-raises-150m-to-take-its-small-evs-autonomous/"
  },
  "original_language": "en",
  "account": "Also Inc., a spinoff from Rivian Automotive, has raised an additional $150 million in a Series D funding round to develop autonomous driving technology for its small electric vehicles. The company's co-founder and president, Chris Yu, emphasized that congestion and cost per trip are significant issues for both autonomous and manually driven vehicles. Yu highlighted the importance of creating well-designed, compact vehicles tailored for urban and suburban areas. Also was founded in March 2025, receiving an initial investment of $105 million from Prysm Capital LP, Eclipse Ventures, Greenoaks Capital Partners, and MVP Ventures. Yu previously served as the future programs leader at Rivian and as the chief technology officer at Specialized Bicycle Components Inc. RJ Scaringe, who co-founded Also and currently serves on its board, joined the company upon its separation from Rivian. Also's initial product, the TM-B, a pedal-assist two-wheeler with a 5-inch circular display and over-the-air software updates, launched in late July at a price of $4,500. The company plans to expand to Asia and South America following the U.S. and Europe markets. The commercial sector, particularly through partnerships with Amazon and DoorDash, is where Also aims to generate volume. The TM-Q, a four-wheeled quad designed for carrying over 400 pounds in bike lanes, is intended for package delivery. DoorDash recently signed a multiyear agreement with Also to develop and deploy small autonomous delivery vehicles, leading to a $200 million funding round that valued the company at $1 billion.",
  "summary": "Small electric vehicle maker Also Inc. said today it has raised $150 million in a Series D round to accelerate its work on autonomous driving. The money will fund several self-driving vehicle formats at once, all of them built on the electric architecture Also already uses in its consumer and commercial products. Chris Yu, the […] The post Rivian spinout Also raises $150M to take its small EVs…",
  "key_points": [
    "Also, a Rivian spinoff, raised $150M in Series D funding",
    "Co-founder Chris Yu stressed congestion and cost issues for autonomous vehicles",
    "Also's TM-Q quad designed for package delivery in bike lanes"
  ],
  "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."
}