RIVIAN SPINOUT ALSO RAISES $150M FOR DELIVERY ROBOTS

Also will use the funding to scale operations beyond its pedal-assist e-bikes and commercial cargo quads into autonomous delivery systems. The round represents significant investor confidence in the company's ability to diversify its mobility offerings. The Rivian spinout has established itself in the micro-mobility space with electric bicycles and electric quadricycles designed for last-mile logistics. The move into autonomous delivery vehicles signals ambitions to capture a larger share of the growing autonomous logistics market. Prysm Capital led the funding round, joining existing backers in supporting Also's expansion strategy. The company now has substantial resources to develop and deploy autonomous delivery technology alongside its existing product lines.