Also Raises $200M Series C as Rivian’s Micromobility Spinout Gains Momentum

Also doesn’t shout for attention. It earns it by showing up where the friction lives and trimming it down to size. That energy just picked up serious voltage. Also, the Rivian spinout born from a skunkworks obsession with smaller, smarter electric movement, locked in a $200M Series C. Greenoaks led the round, with Eclipse, Rivian, and DoorDash staying in the mix. That brings total disclosed funding to roughly $305M and stamps the company with a valuation circling the $1B mark. Not bad for a business that officially stepped into the world in March 2025 and decided cars should not be the default answer to every trip.

Credit where it is due. Chris Yu, Co-Founder and President, took a quiet internal experiment and gave it teeth. Before Also had a name, it had intent, shaped inside Rivian’s future programs group where Chris Yu was already thinking a few turns ahead. RJ Scaringe, Founder and CEO of Rivian, now Chairman of Also’s board, did not just greenlight the idea, he kept skin in the game. That is not a cameo. That is conviction.

Also is not chasing the headline of “next big vehicle.” It is building the one you actually use. Small, lightweight electric machines designed for the miles that dominate daily life but never get the spotlight. Commuting. Errands. Last mile delivery. The trips that burn time, money, and patience in oversized metal boxes. Also is betting those miles deserve something better sized, better designed, and better aligned with how cities actually breathe.

DoorDash showing up here is not a logo grab, it is strategy in motion. When the platform that owns last mile attention backs the vehicle designed to move it, you start to see the loop close. Hardware meets demand. Streets meet software. Convenience stops being a talking point and starts becoming infrastructure.

The playbook, if we are being honest, is not about disruption theater. It is about discipline. Spin out at the right moment. Keep the parent close enough to matter, far enough to move. Bring in capital that understands patience and scale. Build products that do not need explaining because they solve something obvious the moment you see them.

Also is a simple word doing complex work. It is not replacing the car. It is standing next to it, quietly taking over the trips that never needed one in the first place. And if you listen closely, that is not noise you hear, it is momentum learning how to move a little lighter.