Also reached a $1 billion valuation after raising a $200 million funding round. Founded in 2025 and incubated inside Rivian, Also builds next generation electric mobility solutions designed to improve sustainable transportation. The company has raised more than $300 million to date from leading technology investors. Also is headquartered in Palo Alto, California, United States.
The company focuses on mobility platforms, electrification technology, and scalable systems for transportation innovation.
Keep reading to learn how Also became a $1 billion electric mobility leader.
What Is Also and What Does It Do?
Also is an electric mobility company developing advanced electrification technology and scalable mobility systems. Originating from an incubation inside Rivian, the company builds platforms that support next generation transportation solutions, including electric mobility hardware and supporting software infrastructure.
The company aims to enhance energy efficiency, expand electric mobility adoption, and accelerate the shift toward sustainable transportation.
How Much Funding Has Also Raised?
1. Latest Funding Round
- Amount Raised: $200 million
- Date: 2025
- Valuation: $1 billion
- Lead Investors: Greenoaks Capital, Eclipse Ventures
- Purpose: Expand product development, scale electric mobility platforms, and grow engineering and manufacturing capabilities
2. Earlier Rounds
- Cumulative Funding: More than $100 million
- Key Investors: Greenoaks Capital, Eclipse Ventures, and early stage mobility focused investors
- Purpose: Develop core electric mobility systems, build initial prototypes, and expand foundational engineering teams
Total Funding Raised: More than $300 million Latest Funding Date: 2025 Latest Known Valuation: $1 billion
Key Investors
- Greenoaks Capital
- Details: Growth focused investment firm backing technology and mobility companies
- Focus Areas: Transportation technology, electrification, and scalable engineering platforms
- Eclipse Ventures
- Details: Venture fund specializing in industrial, hardware, and advanced mobility systems
- Focus Areas: Robotics, electric mobility, manufacturing technology, and deep tech infrastructure
Where Is Also’s Headquarters?
Also is headquartered in Palo Alto, California, United States, supporting its product development, engineering operations, and mobility platform research.
What’s Next for Also?
Also plans to expand its electric mobility platform, scale manufacturing capabilities, and develop new electrification technologies. The company aims to increase deployment of its mobility systems across consumer and enterprise markets while accelerating innovation in sustainable transportation.
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