Rivian's ALSO Hits $1B Valuation With New DoorDash Deal

Rivian Wave
Nehal Malik

Rivian’s expansion into the broader world of transportation is accelerating through its micromobility spinoff, ALSO. On Tuesday, the startup announced a major multi-year commercial agreement with DoorDash to develop and deploy autonomous delivery vehicles at scale.

According to the announcement, the partnership coincides with a $200 million Series C funding round for ALSO, valuing the company at $1 billion and led by Greenoaks Capital with participation from DoorDash. This fresh capital brings ALSO’s total funding to approximately $505 million since it was spun out of Rivian in March 2025. As part of the deal, DoorDash Co-Founder Stanley Tang will join ALSO’s board as an observer.

Solving the Last-Mile Challenge

The partnership focuses on a specific pain point in logistics: the "last mile" of delivery. While ALSO’s previous deal with Amazon centered on human-operated e-cargo quads, this agreement is explicitly about autonomy. The goal is to create small, self-driving electric vehicles that can navigate the tricky intersection of roadways and bike lanes.

“Last-mile delivery is a physical-world challenge and the details matter, from curb access to making sure an order arrives on time and intact,” Tang said. He noted that ALSO is building "purpose-built EVs that are designed to unlock new ways to meet customers and merchants where they are."

ALSO’s current product lineup includes the TM-B, a Class 3 electric bike, and the TM-Q, a four-wheel pedal-assist quad. The commercial version of the TM-Q can carry over 400 pounds while still being able to fit in a bike lane, and it will likely serve as the foundation for these autonomous delivery robots. These vehicles leverage Rivian’s battery technology and software, allowing them to operate efficiently in dense urban environments where full-sized vans struggle.

Rivian’s Broader Ecosystem

The success of ALSO is a testament to Rivian’s strategy of spinning out its skunkworks projects into standalone companies. Apart from ALSO, Rivian also spun off Mind Robotics, which focuses on AI-powered industrial robots and recently secured $500 million in its own funding round.

Meanwhile, Rivian itself is focusing on its biggest launch yet: the R2 midsize SUV. The R2 platform is becoming a central pillar of Rivian’s business, as the company recently signed a $1.25 billion deal with Uber to build dedicated R2 robotaxis. By leveraging the same autonomy hardware and custom silicon across its consumer cars, delivery quads, and industrial robots, the Rivian ecosystem is becoming a massive player in the AI space.

As ALSO prepares to begin deliveries of its premium e-bikes this spring, the DoorDash deal ensures that its future in autonomous logistics is well-funded. We are quickly moving toward a world where your next food order might be dropped off by a vehicle born in a Rivian lab.