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Rivian launches micromobility startup Also with 105 million funding
Rivian has launched a new micromobility startup named Also, securing $105 million in funding from Eclipse Ventures. The venture aims to create smaller, affordable electric vehicles, with plans to introduce a bike-like product in the US and Europe by next year, and future expansion into Asia and South America. CEO RJ Scaringe will serve on the board, while Chris Yu, former VP at Rivian, takes on the role of president.