Rivian Spinout Also Raises $150 Million for Autonomous Delivery Push

2 articles · Updated · TechCrunch · Aug 19

Also raised a $150 million Series D led by Prysm Capital, bringing total funding to $455 million in less than two years.
The new cash will speed its autonomous driving technology and multiple vehicle formats, extending the startup beyond e-bikes and cargo quads into autonomous delivery vehicles.
DoorDash already deepened that shift a few months ago with a strategic investment and a multiyear agreement to develop and deploy autonomous delivery vehicles.
Rivian, which spun out Also in 2025, still holds a minority stake and board influence as the company leans on its technology, retail network and scale.
Also is still building its original micromobility business: its $4,500 TM-B launch edition has begun shipping after delays, with other models due in the fall.