Also has secured $105 million in Series B funding, spun off from Rivian, to focus on lightweight electric vehicles. The funding was led by venture capital firm Eclipse.
Amount Raised
$105 Million
Round Type
Series B
Palo AltoManufacturingAutomotiveInvestors
Description
Micromobility startup Also has confirmed its spin-off from Rivian Automotive, announcing the successful closure of $105 million in Series B funding. The funding will help Also develop small, lightweight, electrically powered vehicles to meet growing demands for sustainable transportation. As the micromobility sector faces significant challenges, the company aims to leverage Rivian's technology stack for innovative solutions in the electric vehicle market. Also plans to unveil its product offerings later this year and expand its presence globally.
Quick answer
Also raised $105 Million in a Series B round, dated March 26, 2025. Investors: Eclipse. Also is based in Palo Alto, California, United States.
- How much did Also raise?
- Also raised $105 Million in a Series B round on March 26, 2025.
- Who invested in Also?
- Eclipse is named as investors in this round.
- What does Also do?
- Also is a micromobility startup spun off from Rivian Automotive, focusing on lightweight electric vehicles.
- Where is Also based and how big is it?
- Also is based in Palo Alto, California, United States. Fundz records about 330 employees.
- Who are the decision-makers at Also?
- Fundz holds 4 contacts at Also, including the Head of Talent Acquisition. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Automotive and Manufacturing around the same time
Companies in the same sectors as Also that raised within 45 days of this round, from Fundz verified event records.
- Rocketeer Cars raised an undisclosed amount (Funding Round) on May 8, 2025.
- IPEC India raised $3M (Funding Round) on April 17, 2025.
- PULSETRAIN raised $6.7M (Seed) on March 19, 2025.
- Quantum Space raised an undisclosed amount (Funding Round) on March 11, 2025.
- OpConnect raised $1.5M (Seed) on February 24, 2025.
- FLIT raised $1.5M (Seed) on February 17, 2025.
Who to call at Also, and when
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