Also Valuation, Funding & Investors

Also is valued at $1B as of August 2026.

See full Also profile

Last Also valuation

$1B

Series D · Aug 2026

Last Also funding round

$150M

Series D · Aug 2026

Cumulative funding Also raised

$655M

across 4 funding rounds

Key investors in Also

  • Greenoaks
  • Eclipse Ventures
  • Prysm Capital
  • MVP Ventures
  • DoorDash

Also Overview

About Also

Also is a micromobility company specializing in electric bicycles and supporting technology frameworks for small electric vehicles. Originating as a spinoff from Rivian in 2021, the Seattle-based firm targets consumer and commercial markets globally with products tailored to urban commuting, delivery services, and last-mile logistics in regions including North America and Europe.


Founded

2025

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2C & B2B

Revenue model

Product sales

Valuation

$1B (Aug 2026)

Also Valuation

Also is currently valued at $1B, based on its Series D in August 2026.

The $150M round was led by Prysm Capital, with participation from Greenoaks, Eclipse Ventures and MVP Ventures.

Also's valuation has moved from $1B at its undisclosed-stage round in July 2025 to $1B in August 2026, across 3 priced rounds.

Also valuation by funding round

Also valuation by funding round
DateStageValuation
Aug 2026Series D$1B
Mar 2026Series C$1B
Jul 2025Undisclosed stage$1B

Also Funding History

Also has raised a total of $655M across 4 funding rounds.

Also's first fundraising round was a $105M undisclosed-stage round in March 2025. The most recent completed round was a $150M Series D in August 2026.

Also funding rounds

Also funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Aug 2026Series DPrysm Capital (lead); Greenoaks; Eclipse Ventures; MVP Ventures$150M$1BALSO closed a $150 million Series D financing on August 19, 2026, led by Prysm Capital with participation from Eclipse, Greenoaks, and MVP Ventures. The round was reported at a post-money valuation of about $1.48 billion, and the company had raised roughly $455 million since founding. The new capital is being used to expand beyond pedal-assist electric bikes and commercial cargo quads into autonomous delivery vehicles and broader small electric vehicle applications. ALSO was spun out of Rivian and is focused on driven and autonomous small electric vehicles for urban mobility and goods movement. The company is described as a Palo Alto-based mobility startup founded less than two years ago, with backing from Eclipse in earlier rounds and a cumulative funding base that includes the new Series D. Its platform is positioned around micromobility, autonomous vehicle technology, and commercial delivery use cases.
Mar 2026Series CGreenoaks (lead); Prysm Capital; DoorDash$200M$1B-
Jul 2025Undisclosed stageGreenoaks (lead)$200M$1BAlso Inc., an e-bike and micromobility startup spun out from Rivian Automotive, secured $200 million in funding led by Greenoaks Capital, achieving a $1 billion post-money valuation. The company, originally incubated under Project Inder at Rivian since 2022, focuses on developing e-bikes, three- and four-wheel micro-EVs, and neighborhood vehicles for short trips, leveraging vertically integrated hardware and software technology akin to modern EVs. Design input comes from Jony Ive's LoveFrom firm, with Rivian retaining a minority stake alongside prior backer Eclipse Ventures, which contributed $105 million at spin-off. The funding, announced around July 14-15, 2025, builds on the initial $105 million, bringing total capital to $305 million. Also plans to use proceeds to accelerate product development and launch its first portfolio later in 2025, sharing previews on Instagram. The round underscores investor confidence in micromobility amid sector recovery, with global market projections estimating $28.3 billion growth from 2025-2029 at a 10.4% CAGR. Positioned in a competitive micromobility landscape previously challenged by profitability and policy issues, Also differentiates through Rivian ties, high-profile design, and technology platform applicable to various small EVs.
Mar 2025Undisclosed stageEclipse Ventures (lead)$105M-Also, a micromobility startup spun out from Rivian, emerged from stealth on March 26, 2025, with $105 million in funding fully provided by Eclipse Ventures. The company, founded by a team originally within Rivian including former VP of future programs Chris Yu as president and Rivian CEO RJ Scaringe as board chairman, develops a vertically integrated technology stack for small electric vehicles targeting consumers and businesses globally. Products include a flagship launch planned for 2026 in the U.S. and Europe, followed by offerings for Asia and South America, encompassing e-bikes, scooters, and other compact EVs leveraging Rivian's expertise in software, electronics, propulsion, and power systems. The funding, led by Eclipse Ventures partner Jiten Behl (former Rivian chief growth officer), supports Also through Series B and enables independent operations with a team of about 70 from companies like Apple, Google, Tesla, and Uber. Rivian retains a minority stake and potential collaboration on resources like retail and logistics, while focusing on its core vehicles such as the R1T, R1S, and upcoming R2 SUV. Eclipse, managing around $5 billion in assets, invests in physical industries with operational expertise in manufacturing and supply chains. Also addresses urban mobility needs with scalable, low-cost electrification across form factors, amid rising global demand for electric bikes and scooters. The company is in advanced discussions with partners but has not disclosed product specifics or financial metrics like revenue or valuation beyond the funding amount. This launch positions Also as a well-capitalized entrant in the competitive micromobility sector.

Who has invested in Also?

5 investors have backed Also across its funding rounds, including Greenoaks, Eclipse Ventures, Prysm Capital, MVP Ventures and DoorDash.

Lead investors include Prysm Capital, Greenoaks and Eclipse Ventures.


Also Investors

Investors in Also by funding rounds participated
InvestorHQRoundsRoleFirst check
GreenoaksUnited StatesSan Francisco, CA3LeadJul 2025
Eclipse VenturesUnited StatesSan Francisco, CA2LeadMar 2025
Prysm CapitalUnited StatesPrinceton, NJ2LeadMar 2026

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Also Competitors

Also competitors include listed companies like Phoenix Bicycle, Aima Technology Group, LiveWire and Ninebot, and private ones like Spironet and Tenways.

Public and private companies comparable to Also
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
SpironetBeninCotonouPrivate--$900M-
Phoenix BicycleChinaChinaPublicly listed$322M$30M$594M-
Aima Technology GroupChinaChinaPublicly listed$3.7B$422M$2.8B0.6x
TenwaysHong KongHong KongPrivate--$353M-
LiveWireUnited StatesUnited StatesPublicly listed$26M($66M)$292M12.3x
NinebotChinaChinaPublicly listed$3.2B$335M$4.1B0.7x

Also Public Comps

Also is still privately-owned, but its public comps include Voyah, Bajaj Mobility, Uniconn, ADS-TEC Energy, Youon Technology, Piaggio, T1 Energy, Eve Air Mobility, Polestar and Kempower.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Voyah$5.2B$562M0.1x0.1x0.7x1.3x
Bajaj Mobility$1.2B$1B1.8x-2.0x-
Uniconn$768M$73M1.3x1.1x13.9x-
ADS-TEC Energy$36M($3M)23.2x26.7x(278.0x)-
Youon Technology$61M($17M)6.2x-(22.7x)-
Piaggio$1.7B$284M0.8x0.7x4.7x4.5x
T1 Energy$755M($210M)2.7x2.2x(9.7x)52.8x
Eve Air Mobility-($212M)--(3.0x)(2.8x)

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Common questions about Also

When was Also founded?Also was founded in 2025.
Where is Also headquartered?Also is headquartered in San Francisco, CA, United States.
Is Also publicly listed?No, Also is a private, VC-backed company.
What is Also's valuation?Also was last valued at $1B in its Series D in August 2026.
How much funding has Also raised?Also has raised $655M across 4 funding rounds.
What was Also's last funding round?Also's last funding round was a $150M Series D in August 2026, led by Prysm Capital.
Who are Also's investors?Also's investors include Greenoaks, Eclipse Ventures, Prysm Capital, MVP Ventures and DoorDash.
Which companies are comparable to Also?Companies comparable to Also include Spironet, Phoenix Bicycle, Aima Technology Group, Tenways, LiveWire and Ninebot.

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