<p><strong>PALO ALTO</strong> &#8212; ALSO, a mobility company that was incubated within Rivian, has raised $200 million and formed a partnership with Doordash to build the future of autonomous delivery.</p>
<p dir="ltr">Through a strategic investment and multi-year commercial collaboration, the two companies will work together to deploy small electric vehicles designed to optimize how goods move in dynamic, population-dense environments.</p>
<p dir="ltr">The intersection of roads and road-adjacent spaces, such as bike lanes, shoulders and curbsides, are the areas that make up the hardest part of the last-mile delivery puzzle. They’re also where traditional vehicles struggle most, and where smaller, more adaptable EVs like those designed by ALSO have the greatest opportunity to perform.</p>
<p dir="ltr">This partnership is focused on unlocking those spaces.</p>
<p dir="ltr">“Small autonomous EVs are optimal in these environments,” said ALSO Co-Founder and President Chris Yu. “That is what ALSO is building from the ground up.”</p>
<p dir="ltr">ALSO has recently completed a $200 million Series C financing round, led by Greenoaks, with participation from Prysm Capital and strategic investment from DoorDash. As part of the partnership, Doordash co-founder and Chief Product Officer Stanley Tang will join ALSO as a Board Observer.</p>

SAN JOSE -- Lumilens, a connectivity platform for AI infrastructure, has emerged from stealth, having…
SAN FRANCISCO – Expedition Therapeutics, a clinical-stage biotechnology company developing novel oral small molecule therapies…
SAN FRANCISCO -- Convex, a backend platform designed for reliability at scale, has landed a $57 million…
SAN FRANCISCO -- Aurelius Systems has closed a $40 million Series A funding round. The…
SANTA CLARA – Marvell Technology, a provider of data infrastructure semiconductor solutions, announced new innovations across its…
PALO ALTO -- Simile -- an AI-based simulation company -- has raised $200 million at…