Rivian has spun out its micromobility business into a new company: Also, Inc. Also will focus on small, lightweight vehicles that are designed to meet global mobility transportation challenges.

Recognizing the massive need for small electric form factors in enabling the sustainable transition of the global transportation system, Rivian started a stealth program focused on micromobility several years ago. The goal of this initial effort was to examine how Rivian’s strength in software, electronics and electric propulsion could be applied to create an advantaged cost structure and greatly enhanced product relative to currently available offerings. As these efforts advanced, Rivian decided that its approach had the potential to unlock a large opportunity that deserved to be its own company, optimized around different products, brand positioning and markets.

Rivian retains a substantial minority ownership stake in Also and expects opportunities for future collaboration, which may include selectively using some of Rivian’s retail footprint. In connection with the spin-off, Also secured a $105-million investment from the venture capital fund, Eclipse Ventures, which will support Also’s next phase of growth. Rivian Founder and CEO RJ Scaringe will serve on Also’s Board of Directors as its Chairman.

As part of its intense focus on sustainably growing its core business, Rivian continues to make significant progress toward its R2 launch in Normal, Illinois and expects to begin customer deliveries of the all-new midsize SUV in the first half of 2026.