Rivian has a lot on their plate, but that hasn’t stopped them from creating a new spin off. Known as Also Inc, the micromobility business will be focused on “small, lightweight vehicles that ...

In fact, Rivian is fresh off of its first-ever quarterly gross profit in Q4. Gross profit is simply total revenue minus the cost of revenue, and Rivian's focus helped drive its cost of revenue 18. ...

California-based EV startup Rivian (RIVN) said on Wednesday that it has spun out its micromobility business into a new company named Also, Inc., which will focus on small, lightweight vehicles ...

Also Inc., the micromobility startup spun out of Rivian earlier this year, has raised $200 million from Greenoaks Capital, according to a new report from Bloomberg News. The funding round brings ...

Rivian Automotive announced a micromobility company that it has been secretly working on for several years. The new firm, called Also Inc., will focus on making small, lightweight electric vehicles.

Rivian spun off Also Inc to focus on micromobility and compact electric vehicles. Also will develop e-bikes and small three- and four-wheel EVs for urban areas. Greenoaks Capital invested $200 ...

Rivian Announces Micromobility Business Spin-off - Quick Facts March 26, 2025 — 09:17 am EDT Written by RTTNews.com for RTTNews -> ...

Rivian has a new high-performance EV that you almost certainly don't need. On Tuesday, the automaker unveiled a quad-motor variant of the second-generation R1. The EV can do remarkable things, but ...

Rivian's Tank Turn is now Kick Turn, a practical off-road tool that allows precise vehicle pivoting. Available on Gen 2 Quad Motor R1 vehicles via OTA update, it features safety measures and ...

Besides cost savings, Rivian demonstrated an increase in automotive revenue per unit (excluding regulatory credit revenue) to $86,000, thanks to an improvement in the sales mix toward R1 vehicles with ...

April 05, 2025 — 06:30 am EDT Written by Daniel Miller for The Motley Fool -> It's not at all unusual for a company to spin off a segment of its business: Such events happen all the time.