Rivian spins out startup focused on small, lightweight electric vehicles [Los Angeles Times (CA)]

Rivian Automotive, Inc. (RIVN)
Company Research
Source: Los Angeles Times
The Irvine-based automaker said Wednesday it's spinning out its micromobility business into a new startup called Also Inc. Micromobility encompasses a variety of vehicles, including electric bikes, scooters and skateboards. Rivian said in a news release that it started working on micromobility several years ago and concluded that business should be its own company. Rivian didn't specify what type of products the startup plans to release and when. “For the world to fully transition to electrified transportation, a range of vehicle types and form factors will be needed,” RJ Scaringe, Rivian founder and chief executive, said in a statement. The move comes as Rivian aims to grow its business while facing challenges such as supply chain woes, regulations and co
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RIVN
Earnings
- 2/20/25 - Beat
RIVN
Sec Filings
- 3/26/25 - Form 4
- 3/24/25 - Form 144
- 3/20/25 - Form 3
- RIVN's page on the SEC website