Eliminating emissions from fossil fuel-burning cars, trucks, and SUVs is imperative to tackling the climate crisis. One complementary solution is ditching large vehicles altogether—at least for the short trips that make up most people’s day-to-day travel. That’s the premise behind Also, a micromobility startup that recently emerged from stealth with the backing of EV maker Rivian and $105 million in Series B funding from VC firm Eclipse. Also’s ties with Rivian run deep. Rivian CEO and founder RJ Scaringe is one of Also’s co-founders, along with Chris Yu, who served as Rivian’s VP of future programs for over three years. Jiten Behl, a partner at Eclipse, is also a Rivian alum. The startup emerged from a skunkworks team at Rivian and is now taking that IP and venturing out on its own. Rivian holds a minority stake in Also. “Where we started off was this joint observation/vision that the world, and particularly in the US at that point, was ready to do better than sitting in traffic, battling for parking spaces, etc., for the supermajority of trips that we all take in cars that are really short,” Yu told Tech Brew. “But the problem is there was nothing, and still isn’t anything, that existed that was a compelling user experience in the smaller-than-a-car EV space.” Keep reading here.—JG |