ALSO Partners With Doordash, Raises $200 Million

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