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Also Secures $200 Million S...

Also Secures $200 Million Series C Funding Led By Doordash Greenoaks Capital And Prysm Capital
SOLD

Also Secures $200 Million Series C Funding Led By Doordash Greenoaks Capital And Prysm Capital

Building Size

Asset Type

Closing

Mar 31, 2026

AI

Also, a micromobility startup launched from Rivian, has secured a $200 million Series C funding round. This investment was backed by notable firms including DoorDash, Greenoaks Capital, and Prysm Capital, contributing to a total funding amount of approximately $505 million for the company.

Summary of transaction details:

  • Deal Type: Series C
  • Transaction Amount: $200,000,000
  • Company Name: Also
  • Headquarters: Irvine, California
  • Founder's Name: RJ Scaringe
  • Investors: Greenoaks Capital, Prysm Capital & DoorDash

Also’s recent funding will be utilized to accelerate the development of autonomous small electric delivery vehicles targeting last-mile logistics. This move highlights Rivian’s strategy of expanding its ecosystem beyond traditional electric vehicle production into complementary sectors such as mobility and robotics.

Players

RJ Scaringe

Seller

7 deals

Seller
D
DoorDashLender

Market CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93