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Rivian spins out a new micromobility startup called Also with $105M from Eclipse
- RJ Scaringe, founder of Rivian, has spun out a micromobility startup called Also from a skunkworks program within Rivian, raising $105 million from Eclipse Ventures.
- The new startup Also, with a team from companies like Apple, Google, and Tesla, aims to offer affordable Rivian-quality micromobility vehicles.
- Also plans to produce its first vehicle for the US and Europe next year, with subsequent launches in Asia and South America.
- The first product by Also, hinted to have a bike-like form factor, will be revealed later this year.
- Rivian founder, RJ Scaringe, aims to address the high cost of e-bikes and micromobility through Also by leveraging technology and reducing supply chain tiers.
- Former Rivian executive Jiten Behl spurred the effort to focus on micromobility within Rivian, leading to the creation of the skunkworks team at Also.
- The new micro EVs by Also are expected to cater to both consumer and commercial needs globally, emphasizing flexibility in form factor.
- Also's potential extends to commercial applications, with a focus on scalable platforms for food, parcel, and delivery vehicles, especially in dense metro areas.
- The Also team is exploring partnerships for their micro EVs but remains secretive about specific collaborators.
- While considering practical limitations, Also remains open to various form factors in micromobility, hinting at potential future developments beyond traditional vehicles.
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