{"id":81473,"date":"2025-03-27T00:03:43","date_gmt":"2025-03-27T04:03:43","guid":{"rendered":"http:\/\/autosector.com\/?p=81473"},"modified":"2025-03-27T00:03:43","modified_gmt":"2025-03-27T04:03:43","slug":"1146053_rivian-spinoff-focuses-on-small-evs-ways-to-move-beyond-cars","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=81473","title":{"rendered":"Rivian spinoff focuses on small EVs, \u201cways to move beyond cars\u201d"},"content":{"rendered":"<ul dir=\"ltr\">\n<li><strong>Spinoff starts with $105 million VC investment, Rivian maintains \u201csubstantial minority stake\u201d<\/strong><\/li>\n<li><strong>Products to be affordable, vastly more efficient than today&#8217;s cars or SUVs<\/strong><\/li>\n<li><strong>In-house-built for core components, may share sales space with Rivian<\/strong><\/li>\n<li><strong>Flagship product coming in early 2026<\/strong><\/li>\n<\/ul>\n<p dir=\"ltr\">Do we really need a new generation of EVs that are bigger and heavier than equivalent gasoline trucks and SUVs, and the so-called segment creep that continues to make each successive U.S.-market vehicle larger than predecessors?\u00a0<\/p>\n<p>These are tough, societal questions without easy answers, and it involves a tangle of regulations, consumer habits, and the limits of affordable technology. But a Palo Alto, California\u2013based micromobility startup being spun off by Rivian, called Also, looks like it aims to tackle them\u2014and, from the sound of it, give American consumers a way to just say no to those super-size products.\u00a0<\/p>\n<p><span id=\"static-marker-video-player-primis\"\/><\/p>\n<p>In a press release announcing the venture, which Rivian had previously kept under wraps, Rivian clarified that it maintains a \u201csubstantial minority stake\u201d in Also and \u201cexpects opportunities for future collaboration, which may include selectively using some of Rivian\u2019s retail footprint.\u201d<\/p>\n<p>With the spinoff of the company Also secures a $105 million investment from the VC fund Eclipse Ventures, and <strong>Rivian CEO RJ Scaringe<\/strong> will serve as its chairman and on its board of directors.\u00a0<\/p>\n<p>Also, in a page about the company, says that it will launch its <strong>flagship product in early 2026<\/strong> and will initially focus on the U.S. and Europe prior to global expansion.\u00a0<\/p>\n<div class=\"image_wrapper first_wrapper\"><img fetchpriority=\"high\" decoding=\"async\" name=\"tccimg_100921031_m\" title=\"Rivian R3\" src=\"data:image\/png;base64,R0lGODlhAQABAAD\/ACwAAAAAAQABAAACADs=\" alt=\"Rivian R3\" width=\"640\" height=\"426\" class=\"first_image lazy\" data-width=\"1024\" data-height=\"683\" data-url=\"https:\/\/images.hgmsites.net\/lrg\/rivian_100921031_l.webp\" data-src-h=\"https:\/\/images.hgmsites.net\/hug\/rivian_100921031_h.webp\" data-src=\"https:\/\/images.hgmsites.net\/lrg\/rivian_100921031_l.webp\" data-src-l=\"https:\/\/images.hgmsites.net\/lrg\/rivian_100921031_l.webp\" data-src-m=\"https:\/\/images.hgmsites.net\/med\/rivian_100921031_m.webp\" data-src-s=\"https:\/\/images.hgmsites.net\/sml\/rivian_100921031_s.webp\"\/><\/p>\n<p>Rivian R3<\/p>\n<\/div>\n<p>That product will be part of an entire <strong>range of \u201cexciting, small EVs,\u201d<\/strong> according to Also, that will be built on a vertically integrated technology platform. With everything built for the platform in-house, including motors, batteries, electronics, and software, Also claims \u201ca user experience that is unlike anything seen in these segments before.\u201d<\/p>\n<p>\u201cAlso is building an exciting range of electric vehicles that are efficient, sustainable, and delightful to use,\u201d the company sums.\u00a0<\/p>\n<p>In job postings, Also quantifies its product targets a little bit. \u201cOur mission is to inspire everyone to ride also\u2014replacing many local car, truck and SUV miles with ones on vehicles that are more affordable, more enjoyable and <strong>10-50x more efficient<\/strong>.\u201d<\/p>\n<p>Road transportation is the leading contributor to global CO2 emissions, Also says, while 80% of car trips are 15 miles or less and half are under 6 miles.\u00a0<\/p>\n<p>Rivian continues to also set its sights toward significantly smaller vehicles than its own flagship R1T electric pickup and R1S electric SUV. Its upcoming <a href=\"https:\/\/www.greencarreports.com\/news\/1142514_rivian-r2-bows-45-000-over-300-miles-the-future-of-the-suv\" target=\"_blank\" rel=\"noopener\">$45,000 R2 electric SUV<\/a> is on the way in 2026, while it\u2019s also working on smaller <a href=\"https:\/\/www.greencarreports.com\/news\/1142536_could-rivian-r3-ev-revive-a-stagnant-small-car-market\" target=\"_blank\" rel=\"noopener\">Rivian R3 and R3X<\/a> rugged hatchbacks that are set to follow. All of this comes in addition to the $5.8 million <a href=\"https:\/\/www.greencarreports.com\/news\/1145005_volkswagen-s-stake-in-rivian-grows-to-5-8b-joint-venture-now-formed\" target=\"_blank\" rel=\"noopener\">VW-Rivian joint venture<\/a> that will result in a new Rivian-based zonal architecture for <a href=\"https:\/\/www.greencarreports.com\/news\/1146016_vw-cheapest-ev-leading-edge-zonal-rivian\" target=\"_blank\" rel=\"noopener\">future VW Group EVs<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spinoff starts with $105 million VC investment, Rivian maintains \u201csubstantial minority stake\u201d Products to be affordable, vastly more efficient than today&#8217;s cars or SUVs In-house-built for core components, may share sales space with Rivian Flagship product coming in early 2026 Do we really need a new generation of EVs that are bigger and heavier than [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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