Rivian has spun off its micromobility division into a standalone company, Also Inc., which will focus on developing small, lightweight electric vehicles to address global transportation challenges. The new company has secured $105 million in funding from Eclipse Ventures to fuel its growth.
The Irvine, CA, EV maker announced yesterday that it plans to retain a substantial minority stake in Also and anticipates potential future collaborations, including the selective use of its retail footprint. Additionally, Rivian’s CEO, RJ Scaringe, will serve as chairman of Also’s Board of Directors.
“For the world to fully transition to electrified transportation, a range of vehicle types and form factors will be needed,” Scaringe said. “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 first explored micromobility through a stealth project launched several years ago to determine how its software, electronics, and electric propulsion expertise could be leveraged in the space. As the initiative grew, it became clear that the opportunity warranted a separate company with its own brand and market focus.
Despite the spin-off, Rivian remains committed to its core business, particularly the launch of the R2 midsize electric SUV, which is scheduled for customer deliveries in the first half of 2026 from its Normal, Illinois, facility.
Also is expected to share more details about its products and strategy in the near future.
