Rivian spinout Also, which is developing autonomous driving tech, raised a $150M Series D led by Prysm Capital, after announcing a $200M round in March 2026
Also has raised another $150 million as the micromobility startup that spun out of Rivian last year expands its business beyond …
Context & Ripple Effects
Also's new financing follows its $200M March round led by Greenoaks, which valued the Rivian spinoff at $1B and coincided with a multiyear DoorDash partnership. The back-to-back raises give the company a substantially larger capital base as it broadens its business.
Rivian has also separated Mind Robotics into a standalone company, with outside seed backing for the industrial-AI spinout. Also's round is another indication that Rivian-linked ventures can attract dedicated financing after separation.
First-order effects
- Also adds $150M in Series D capital, with Prysm Capital taking the lead-investor role, after raising $200M in March.
Second-order effects
- DoorDash gains a better-funded partner in its multiyear arrangement with Also, while Prysm joins Greenoaks as a major financial backer of the Rivian spinoff.
Third-order effects
- If Rivian's spinouts continue to draw separate institutional rounds, the parent-company spinout model may become a more durable route for funding distinct autonomy, delivery, and industrial-robotics businesses.
The trend: Rivian-linked ventures are increasingly using standalone financing to fund capital-intensive technology businesses beyond the parent company.