RIVIAN SPINOUT ALSO RAISES $150M FOR AUTONOMOUS TECH

AI DESK■ 1 MIN READ

WED, AUG 19, 2026

■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE

Also, the autonomous driving startup spun out from Rivian, secured $150 million in Series D funding led by Prysm Capital. The round follows a $200 million funding announcement in March 2026.

Also has now raised $150 million in its latest funding round as it accelerates development of autonomous driving technology. Prysm Capital led the Series D investment. The micromobility company, which separated from electric vehicle maker Rivian last year, announced a $200 million funding round in March 2026. The new capital injection signals continued investor confidence in Also's autonomous tech development despite broader market challenges in the autonomous vehicle sector. Details on Also's specific product roadmap and deployment timeline were not disclosed. The company's focus remains on expanding its autonomous driving capabilities beyond its original micromobility applications. Rivian, the EV manufacturer that spawned Also, has faced production delays and financial pressures since its 2021 IPO. The spinout allows Also to pursue autonomous technology independently while Rivian concentrates on vehicle manufacturing.

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RIVIAN SPINOUT ALSO RAISES $150M FOR AUTONOMOUS TECH

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