Also Inc. Secures $200 Million Investment From Greenoaks Capital And Eclipse Ventures

Also Inc., the micromobility startup, has secured an additional $200 million investment from Greenoaks Capital, boosting its valuation to $1 billion as it accelerates plans to develop e-bikes and a range of micro-EVs. This investment further supports the company's initiatives with design assistance from Jony Ive's firm LoveFrom.

Summary of transaction details:

• Deal Type: Investment
• Transaction Amount: $200,000,000
• Company Valuation: $1,000,000,000
• Notable Investors: Greenoaks Capital & Eclipse Ventures

Also Inc. is a startup spun out of Rivian, led by CEO RJ Scaringe. The company's focus is on micromobility solutions, particularly through the development of e-bikes and micro-EVs. The backing from prominent investors like Greenoaks Capital and Eclipse Ventures highlights the growing interest in the micromobility sector and its potential for innovation and expansion.