Rivian Automotive completed the spin-off of Also.

Rivian Automotive, an electric vehicle manufacturer, completed the spin-off of Also, a micromobility company focused on lightweight electric vehicles. Financial terms were not disclosed. “For the world to fully transition to electrified transportation, a range of vehicle types and form factors will be needed. I am extremely excited about the innovations developed by the Also team that will underpin a range of highly compelling micromobility products that will help define new categories,” RJ Scaringe, Rivian Founder and CEO.