Robotics
5d ago
Also secures $150 million funding to advance autonomous small vehicle technology
Aug 19, 2026
AI Summary
Also, a micromobility startup, raised $150 million in Series D funding, increasing its valuation to over $1 billion. The company aims to develop a technology platform for small vehicles, including e-bikes and autonomous delivery vehicles, to address urban transportation needs.
- Also is a micromobility company focused on small vehicles, not just e-bikes.
- The startup raised $150 million in a Series D funding round led by Prysm Capital, with participation from Eclipse Capital and Greenoaks.
- This funding round brings the company's valuation to over $1 billion, following previous funding rounds totaling $305 million since its spinout from Rivian in early 2025.
- The company is developing a technology platform for small vehicles, including e-bikes, delivery quads, and future autonomous vehicles.
- Also's technology aims to provide efficient transportation solutions for dense urban areas, reducing congestion and environmental impact.
- The company has existing partnerships with Amazon and DoorDash for commercial applications of its technology.
- The micromobility market is valued at approximately $50 billion and is projected to grow significantly in the coming years, despite challenges faced by some e-bike companies.
- Also's approach emphasizes the need for purpose-built small electric vehicles to meet the demands of both consumers and commercial operators.
autonomous vehiclese-biketransportationstartupinvestment