<ul data-eligibleForWebStory="false"><li>Also Inc., a micromobility startup spun out of Rivian, has raised $200 million from Greenoaks Capital, bringing its post-money valuation to $1 billion.</li><li>The startup was previously known as Project Inder, a skunkworks team inside Rivian in 2022, focusing on e-bikes and working with renowned designer Jony Ive’s firm LoveFrom.</li><li>Established as its own company, Also plans to create micro-EVs of various types, with the first designs expected to be unveiled later this year.</li><li>Rivian and Also were unreachable for comment at the time of reporting. TechCrunch will update if they respond.</li></ul>

Rivian spinoff Also raises another $200M to build e-bikes and more

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