Rivian announced it has spun out its micromobility business into a new company: Also, Inc. Also will focus on small, lightweight vehicles. Rivian retains a substantial minority ownership stake in Also and expects opportunities for future collaboration, which may include selectively using some of Rivian’s retail footprint. In connection with the spin-off, Also secured a $105M investment from the venture capital fund, Eclipse Ventures, which will support Also’s next phase of growth. Rivian Founder and CEO RJ Scaringe will serve on Also’s board of directors as its chairman. Rivian continues to make significant progress toward its R2 launch in Normal, Illinois and expects to begin customer deliveries of the all-new midsize SUV in the first half of 2026.
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