Rivian spin-off startup 'Also' secures $105 million Series B funding for lightweight EVs [USA TODAY]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: USA TODAY
RIVN.O with $105 million in Series B funding from venture capital firm Eclipse and will focus on lightweight EVs. Also will offer small, lightweight, electrically powered vehicles to serve customers at various price points and across geographies, the company said, but did not give specific details about the products. As demand for sustainable transportation grows, startups are increasingly focusing on small electric vehicles as a solution to congestion, affordability and increasing emissions. The micromobility sector has been plagued by bankruptcies and financial setbacks, with companies such as Van Moof, Bird and Lime struggling due to high costs and regulatory challenges, leading to business models that failed to turn venture capital enthusiasm into profi
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RIVN
News
- Rivian spins off micromobility unit as new startup named ‘Also' [Yahoo! Finance]Yahoo! Finance
- Why Rivian Stock Plunged Today [Yahoo! Finance]Yahoo! Finance
- Rivian deliveries fall but beat estimates slightly, shares down [Yahoo! Finance]Yahoo! Finance
- Rivian Stock Falls as First-Quarter Deliveries Plummet [Yahoo! Finance]Yahoo! Finance
- Rivian Deliveries Decline 36% But EV Startup Keeps 2025 Outlook Steady [Yahoo! Finance]Yahoo! Finance
RIVN
Earnings
- 2/20/25 - Beat
RIVN
Sec Filings
- 4/2/25 - Form 8-K
- 3/26/25 - Form 4
- 3/24/25 - Form 144
- RIVN's page on the SEC website