Startup profile · funding coverage
ALSO funding, valuation and investors
Rivian-born small electric vehicles (TM-B bike, TM-Q quad) expanding into autonomous delivery.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Prior growth (Greenoaks-led)
$200M · 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$350M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
growth · Palo Alto, California, USA
Investors in latest funding
Lead: Greenoaks
Other: Prysm Capital , DoorDash
Overview
ALSO is a Palo Alto micromobility company spun out of Rivian in 2025. It sells the TM-B pedal-assist bike and TM-Q quads and is using a August 19, 2026 $150 million Series D led by Prysm Capital (Eclipse, Greenoaks, and MVP Ventures participating) to accelerate autonomous driving across those form factors. TechCrunch puts cumulative funding at about $455 million. Valuation was not disclosed. Rivian holds a minority stake; RJ Scaringe sits on the board. A prior ~$200 million round included DoorDash as a strategic investor with a multiyear autonomy agreement. Amazon is a commercial TM-Q partner from the October 2025 launch. This company is ridealso.com — not ALSO Holding AG (SIX: ALSN). Prysm, Eclipse, Greenoaks, and MVP do not have Venture Capital Tracker fund pages.
Why ALSO is interesting
August 19, 2026: $150M Series D led by Prysm Capital; TechCrunch cites ~$455M raised in under two years with no valuation disclosed — and the consumer launch-edition bike is only now shipping after delays. Not ALSO Holding AG.
Product & use cases
Modular small EVs (TM-B two-wheeler, TM-Q quad) sharing an electric architecture that ALSO says will also support autonomous delivery form factors.
- Consumer short-trip micromobility
- Commercial last-mile cargo in bike-lane form factors (Amazon TM-Q collaboration)
- Autonomous delivery vehicles on the same platform (DoorDash agreement from the prior round)
Key facts
- Aug 19, 2026: $150M Series D, Prysm Capital lead (TechCrunch)
- Cumulative ~$455M (TechCrunch). Valuation not disclosed.
- Launch-edition TM-B beginning to ship after delays; other models fall (company via TechCrunch)
- Not ALSO Holding AG (also.com / SIX: ALSN)
Funding history (newest first)
Prior growth (Greenoaks-led)
2026 $200M- Greenoaks (lead)
- Prysm Capital (participant)
- DoorDash (participant)
Source: https://techcrunch.com/2026/08/19/rivian-spinout-also-raises-another-150-million/
Series D
2026-08 $150M- Prysm Capital (lead)
- Eclipse (participant)
- Greenoaks (participant)
- MVP Ventures (participant)
Source: https://techcrunch.com/2026/08/19/rivian-spinout-also-raises-another-150-million/
Competitive landscape
Edge: Rivian spinout with a named minority owner, shared architecture across form factors, and named fleet logos (Amazon, DoorDash). That is a path, not disclosed unit economics.
ALSO is priced as a small-EV + autonomy build with ~$455M in (press) but no published valuation. Diligence gate is shipped hardware and converted fleet deals, not the Series letter.
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Rivian adjacent
Parent-adjacent public EV maker; minority owner. Full-size vehicles vs ALSO’s sub-car products.
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ALSO Holding AG alternative
Name collision only. European tech distributor (SIX: ALSN), not this startup.
Notable stories
- Aug 19, 2026: $150M Series D, Prysm lead; ~$455M cumulative; no valuation (TechCrunch)
- Oct 22, 2025: TM-B / TM-Q launch; Amazon commercial quad collaboration (PR Newswire / TechCrunch)
Industries
Market / IPO context
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover ALSO's financing or category context.
FAQs about ALSO
Practical answers founders, operators, and investors typically search for.
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