Rivian Unveils, Spins Off Secret Micromobility Project [Yahoo! Finance]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Yahoo! Finance
The new firm, called Also Inc., will focus on making small, lightweight electric vehicles. Rivian will hold a minority stake in Also, which also got funding from the venture capital firm of Eclipse Ventures. Rivian Automotive ( RIVN ) shares edged higher Wednesday as the electric vehicle (EV) maker announced it has been working for several years on a secret micromobility project that it's now spinning off into a separate company. Called Also Inc., the new firm is designed to focus on "small, lightweight vehicles that are designed to meet the global mobility transportation challenges of today and tomorrow." Rivian noted that it would retain a minority stake in Also "and expects opportunities for future collaboration, which may include selectively using some of Rivi
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RIVN
News
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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