Rivian completed the spin off of the micromobility business.

Rivian, an automotive manufacturer, completed the spin off of the micromobility business into new company, Also. 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.