When RJ Scaringe greenlit a stealth side hustle inside Rivian back in 2022, it wasn’t to dabble in scooters. It was to test how far Rivian’s powertrain and software tech could scale down without losing its soul. Fast-forward to March 26, 2025, Also, Inc. officially steps out of the shadows, hits the ignition, and doesn’t just ride, it roars into the micromobility market with $105M in seed funding and a roadmap that reads like a masterclass in precision and patience.
Led by President and Co-Founder Chris Yu, who brought product muscle to Tesla, Specialized, and Rivian, the team scaled from concept to unicorn in four months. No overhype, no vaporware. Just 70 sharp minds in Palo Alto building real things for real streets. With automotive DNA and a playbook built on practicality, Also, Inc. is designing ebikes, scooters, and four-wheel microEVs that feel less like toys and more like tools, with purpose, polish, and power.
And now, the numbers hit harder. Greenoaks Capital just led a $200M Series B to bring the total raised to $305M and slap a $1B post-money valuation on a company that hasn’t even shipped a single product yet. Eclipse Ventures doubled down, Rivian retained a stake, and industrial design input is coming in from LoveFrom, yes, that LoveFrom. This isn’t just next-gen micromobility; it’s street-smart hardware with Rivian-grade tech and Jony Ive fingerprints.
There’s no “maybe someday” here. There’s a launch plan. Two-wheel commuter model hits late 2026. Three and four-wheel variants for commercial fleets roll in 2027. By 2028, they’re aiming for cargo carriers and shared mobility pods. Urban congestion, meet your match. Campus fleets, last-mile logistics, and city riders, Also, Inc. didn’t come to play; it came to unjam the grid.
RJ Scaringe stays on as Chairman, bridging Rivian’s trailblazing heritage with a team that’s clearly got the torque to go the distance. Chris Yu, now steering full-time as President, brings product instincts that have launched categories, not just products.
The lesson? Micromobility isn’t a toy market anymore. It’s where grown-up tech, clean design, and serious capital are converging. Also, Inc. isn’t building the future. It’s building the missing middle, the space between walking and four-door EVs, where software precision and street-level practicality finally meet.
