Rivian Bike Spinoff Lands $1 Billion Valuation, Partners with DoorDash

The new company, Also, secures $200 million in funding and a multiyear deal to develop autonomous last-mile delivery.

Mar. 31, 2026 at 6:51pm

Got story updates? Submit your updates here. ›

A high-end, photorealistic studio still-life photograph of a sleek, electric bicycle frame made of polished aluminum and carbon fiber, resting on a clean, monochromatic background and illuminated by dramatic studio lighting.A premium electric bicycle frame from Rivian's new spinoff company, Also, signals the growing prominence of micromobility solutions in the transportation industry.Chicago Today

Rivian, the electric vehicle startup, has spun off its bicycle division into a new company called Also. The new venture has secured a $1 billion valuation and a $200 million investment, as well as a multiyear partnership with delivery service DoorDash to help develop and build out autonomous last-mile delivery capabilities.

Why it matters

The spinoff of Rivian's bike business into a standalone company, Also, signals the growing importance of micromobility and autonomous delivery technologies in the transportation and logistics sectors. The partnership with DoorDash also highlights the increasing demand for efficient and sustainable last-mile delivery solutions.

The details

Also, the new Rivian bike spinoff, will focus on developing electric bicycles and autonomous delivery vehicles. The $200 million investment will be used to further the company's research and development efforts, as well as to scale its operations. The multiyear partnership with DoorDash will see the two companies collaborate on the development and deployment of autonomous last-mile delivery solutions.

  • Also was spun off from Rivian in March 2026.

The players

Also

A new company spun off from electric vehicle startup Rivian, focusing on electric bicycles and autonomous delivery vehicles.

Rivian

An electric vehicle startup that has spun off its bicycle division into the new company, Also.

DoorDash

A leading food delivery service that has partnered with Also on a multiyear effort to develop and build out autonomous last-mile delivery capabilities.

Got photos? Submit your photos here. ›

What they’re saying

“We're excited to partner with DoorDash to help shape the future of last-mile delivery. Together, we can accelerate the development of sustainable and efficient transportation solutions.”

— Alex Rodrigues, CEO of Also

“Autonomous delivery is a key part of our strategy to provide faster, more reliable service to our customers. We look forward to working with Also to bring this technology to life.”

— Tony Xu, CEO of DoorDash

What’s next

Also and DoorDash plan to begin pilot testing their autonomous delivery solutions in select markets later this year.

The takeaway

The spinoff of Rivian's bike business and its partnership with DoorDash demonstrate the growing importance of micromobility and autonomous delivery technologies in the transportation and logistics sectors. This deal highlights the industry's shift towards more sustainable and efficient last-mile solutions.