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

In Brief Also Inc., the micromobility startup spun out of Rivian earlier this year, has raised 200millionfromGreenoaksCapital,accordingtoanewreportfromBloombergNews.ThefundingroundbringsAlsospostmoneyvaluationto200 million from Greenoaks Capital, according to a new report from Bloomberg News.The funding round brings Also’s post-money valuation to 1 billion. The startup raised $105 million from Eclipse Ventures earlier this year when it was cleaved from Rivian. Also started as a skunkworks team inside Rivian in 2022 known as Project Inder, as TechCrunch previously reported. The team started working on an e-bike and eve ...