Transportation
Rivian Spins Out Startup Focused on ‘Micromobility’ EVs
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Rivian Automotive Inc. is spinning out a business that will develop small electric vehicles designed for short trips.
The new “micromobility” company, known as Also, is launching with $105 million in funding from Rivian and venture capital firm Eclipse. Rivian, which makes consumer EV trucks and SUVs, will have a minority stake in Also.