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Rivian spinout Also raises another $150M

Rivian spinout Also has raised an additional $150M in funding led by Prysm Capital. The funds will support the company's expansion from pedal-assist electric bikes and commercial cargo quads into autonomous delivery vehicles.

Background

Rivian has spun out multiple companies focused on different segments of electric mobility. Also was initially focused on urban micro-mobility solutions before pivoting toward autonomous delivery.

Source
TechCrunch
Published
Aug 19, 2026 at 11:39 PM
Score
6.0 / 10