Also, Inc. is the name for Rivian’s eBike effort… and apparently that name is worth something. How about $1 billion? In announcing a “significant investment” from Greenoaks Capital Partners, valuing the company at $1 billion, company President Chris Yu, stated: “The funding will help accelerate Also’s path to creating the world’s leading micromobility products and technology.”
“We couldn’t be more excited about the partnership with, and conviction from, the entire Greenoaks team,” Yu also added. “Together with existing partners, Eclipse Ventures and Rivian, we are incredibly well-positioned to deliver positive impact in the rapidly growing global micromobility space.” Rivian spun off its e-bike/micromobility skunkworks project into the new company earlier this year with the help of $105 million in funding from Eclipse Ventures.”
Also, Inc., is headed by Yu, a former Specialized exec. He has been heading the tech mobility spin-off associated with electric truck maker Rivian. He launched the Also “skunkworks” team after joining Rivian back in January 2022.
