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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.
SXSW 2025 has kicked off in Austin, showcasing a strong focus on AI applications in the real world, alongside tracks on the creator economy, health, and sustainability. The event features keynotes from industry leaders and highlights innovations like the new Waymo on Uber robotaxi service. TechCrunch will engage with VCs and experts to explore the evolving tech landscape amid current political dynamics.
Volkswagen Group has increased its investment in a joint venture with Rivian Automotive to up to $5.8 billion, with the first VW models utilizing Rivian's software expected by 2027. The partnership aims to integrate Rivian's technology across various VW brands, starting with Volkswagen and Audi. The joint venture will be led by executives from both companies and will focus on software development, with initial teams based in Palo Alto, California.
RJ Scaringe
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Rivian launches micromobility startup Also with 105 million funding
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22:14 12.11.2024
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