ALSO spinoff: DoorDash AV delivery deal, $505M funding [developing]
Key Questions
What funding did ALSO recently raise?
ALSO raised $200 million in Series C funding led by Greenoaks, bringing total funding to $505 million at a $1 billion valuation. Rivian plans to retain a stake post-2025.
What is the partnership between ALSO and DoorDash?
ALSO partnered with DoorDash to accelerate autonomous EV delivery using AV technology and e-bikes. This validates ALSO's micromobility approach for last-mile delivery.
How did the ALSO news impact Rivian stock?
Rivian stock dropped 6.5% following the ALSO spinoff announcement and funding news. Observers include TM-Q and Tang.
$200M Series C Greenoaks (total $505M/$1B val); DoorDash AV deliv/TM-Q/Tang observer; Rivian stake post-2025; AV delivery/e-bike validation; 6.5% RIVN drop.
Sources (2)
Updated Apr 8, 2026