Rivian launches new company Also, focusing on lightweight EVs, with a $105M investment.

Rivian, known for its electric vehicles, has launched a new company named Also, focusing on lightweight electric vehicles like bikes and scooters. Also received a $105 million investment, part of which came from Rivian, and plans to release products in 2026. The startup will operate independently but with support from Rivian, aiming to meet the growing demand for sustainable urban transportation solutions.