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<p><strong><span class="legendSpanClass"><span class="xn-location">PALO ALTO</span></span></strong> &#8212; New electric micromobility company, Also, has emerged from stealth today to rethink small electric vehicles (EVs).</p>
<p>Founded by a focused stealth team within Rivian, Also launches with <span class="xn-money">$105 million</span> in funding from <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4391685-1&;h=3937540403&;u=https%3A%2F%2Feclipse.capital%2F&;a=Eclipse" target="_blank" rel="nofollow noopener">Eclipse</a></u>. Built on vertically-integrated and scalable technology, Also is developing a portfolio of electrified products across the micromobility space to address the diverse needs of both consumer and commercial transportation markets spanning a range of use cases, price points and geographies. Also&#8217;s flagship product is expected to launch in 2026 for consumers in the U.S. and <span class="xn-location">Europe</span>, followed by products tailored for both consumer and commercial use in <span class="xn-location">Asia</span> and <span class="xn-location">South America</span>.</p>
<p>For the planet to fully transition to sustainable transportation, a wide range of form factors and vehicle types will be needed. Also was originally formed within Rivian to examine how Rivian&#8217;s strength in software, electronics and electric propulsion could be applied in low cost ways across a variety of small electric vehicle types. As these efforts advanced, it became clear that the approach had the potential to unlock a large opportunity that deserved to be its own company optimized around different products, brand positioning and markets.</p>
<p>The need for transformative solutions in transportation has never been more urgent. With urban populations <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4391685-1&;h=2719379202&;u=https%3A%2F%2Fourworldindata.org%2Furbanization&;a=projected" target="_blank" rel="nofollow noopener">projected</a></u> to soar to seven billion people by 2050, current roadway infrastructure is under immense strain. Simultaneously, road transportation continues to be the largest driver of global CO<sub>2</sub> emissions. In the U.S. alone, the <u><a href="https://c212.net/c/link/?t=0&;l=en&;o=4391685-1&;h=3550366710&;u=https%3A%2F%2Fafdc.energy.gov%2Fdata%2F10318&;a=majority" target="_blank" rel="nofollow noopener">majority</a></u> of vehicle trips are under six miles and only 6.9% are longer than 30 miles. This reality underscores the need for high-impact alternatives that can reduce congestion, improve accessibility and lower environmental harm.</p>
<p>&#8220;We believe in a future where there are a broad range of transportation vehicle types available to customers,&#8221; said Rivian Founder and CEO RJ Scaringe. &#8220;Just as Rivian continues to focus on building products that are inviting, capable and fun, I am super excited to see Also launch as a platform for a new category of all-electric vehicles. Small electric vehicles will play a key role in efficient, clean and convenient mobility, opening new opportunities for people to get around quickly and with minimal impact.&#8221;</p>

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