#United States #Palo Alto #electric vehicles #Micromobility #Also

A New Era in Micromobility: Also Launches Innovative Electric Vehicles

In a bold move to transform urban transportation, Also has emerged from stealth mode, revealing its ambitious plans to reshape the world of electric micromobility. This exciting venture, which is a spinout of Rivian, has secured a whopping $105 million in funding from Eclipse, setting the stage for a new generation of small electric vehicles (EVs) aimed at addressing pressing transportation needs.

The Vision Behind Also

Founded by a specialized team within Rivian, Also is designed to rethink how small electric vehicles can meet the diverse demands of both consumers and businesses globally. At the core of Also’s strategy is a full technology stack that promises scalability and vertical integration. This approach will enable the company to develop a broad portfolio of electrified products targeted towards varied market segments while also supporting a range of use cases and price points.

The company's flagship product is slated for launch in 2026, with a focus on both American and European markets before later extending its reach to Asia and South America. As urban areas face challenges associated with rising populations and escalating CO2 emissions, Also’s innovative solutions become increasingly vital in promoting sustainable transportation alternatives.

A Response to Growing Urban Challenges

The world is on the brink of a transportation revolution, especially with urban populations predicted to skyrocket to around seven billion people by 2050. This growth exacerbates the strain on existing roadway infrastructures, which are already overwhelmed. Moreover, with road transportation being the largest contributor to global CO2 emissions, the need for practical and efficient solutions is more urgent than ever. Statistics reveal that most trips in the U.S. are less than six miles, underscoring the necessity for effective further alternatives that alleviate congestion and environmental impact.

Rivian Founder and CEO RJ Scaringe emphasizes the future possibilities: “We believe in a future with a wide array of transportation vehicle types available for customers. Just as we commit to creating enjoyable and functional products at Rivian, I’m thrilled to see Also launch a platform offering a new category of all-electric vehicles.” The advent of small EVs presents a unique opportunity to enhance mobility while maintaining minimal environmental repercussions.

A Commitment to Sustainable Innovation

Also is keenly aware of the importance of offering diverse electric vehicle types to cater to various consumer needs. By harnessing Rivian’s expertise in software, electronics, and electric propulsion, Also aims to deliver low-cost solutions applicable to different styles of small electric vehicles. The company’s commitment to sustainability not only addresses immediate transportation concerns, but also aligns with broader goals for environmental stewardship and climate action.

The inner workings of the company reveal a comprehensive approach to vehicle development. With in-house capabilities spanning from motors and batteries to electrical architecture and software, Also has unlocked unprecedented avenues for customer experience and vehicle customization. This ambition to provide efficient, sustainable, and enjoyable micro-mobility options sets Also apart in a highly competitive market.

Looking Ahead

Headquartered in Palo Alto, CA, Also stands at the forefront of the electric micromobility revolution with a growing team boasting deep expertise across technology, software, and mobility. As it prepares for its flagship product launch in early 2026, Also's vision for the future is optimistic and full of potential.

For more information about Also and its innovative electric micromobility solutions, visit www.RideAlso.com. With a focus on revolutionizing urban transportation, Also is well-positioned to address the challenges faced by modern commuters.

About Eclipse

Additionally, Eclipse plays a crucial role in fueling the success of this venture. With around $5 billion in assets under management, Eclipse is known for its expert team of investors armed with substantial operational experience in various sectors, including technology and consumer products. Their backing of Also indicates a strong belief in the potential of transformative solutions in physical industries.

In sum, the emergence of Also marks a significant moment in the electric vehicle landscape, heralding a new era for micromobility that promises to redefine how we navigate our urban environments.