Also’s $3,500 e-bike is a $1 billion Trojan horse for autonomous transportation
Fortune Lily Mae Lazarus
Also, a Palo Alto startup spun out of Rivian in early 2025, raised $150 million in Series D funding and achieved a $1 billion valuation by positioning itself as a small-vehicle technology platform rather than merely an e-bike maker. The company has secured $455 million in total funding since spinout and plans to deploy its modular electric architecture—motors, batteries, compute, and software—across autonomous delivery and passenger vehicles alongside its consumer e-bike and commercial delivery quad. Also aims to make small-form-factor autonomous vehicles a standard part of urban transportation within five years, leveraging partnerships with Amazon, DoorDash, and parent shareholder Rivian's driving data for autonomy training.
Why it matters
The Rivian spinoff just raised $150 million to build autonomous vehicles for moving people and packages—not just pedalers.
