Hustler Words – Also Inc., the stealthy micromobility startup birthed from Rivian’s innovative womb earlier this year, just secured a staggering $200 million in Series B funding from Greenoaks Capital, according to a report from Bloomberg News. This injection of capital catapults Also’s post-money valuation to a billion-dollar unicorn status, a remarkable feat considering its relatively short lifespan. The company previously raised $105 million from Eclipse Ventures earlier this year, following its separation from its parent company.
Initially conceived as a clandestine project within Rivian in 2022, codenamed "Project Inder," Also’s team quietly began developing a groundbreaking e-bike, even enlisting the design expertise of Jony Ive’s renowned firm, LoveFrom. Now an independent entity, Also is aggressively expanding its horizons, aiming to revolutionize the micro-EV market with a diverse range of vehicles. The company is expected to unveil its initial designs later this year, promising a glimpse into a future of innovative and stylish personal electric transportation.
While attempts to reach Rivian and Also for comment were unsuccessful, hustlerwords.com will provide updates should a response be received. The rapid growth and significant funding secured by Also underscore the immense potential and investor confidence in the burgeoning micromobility sector, and its ability to spin off successful ventures.
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