tech
Also’s $3,500 e-bike is a $1 billion Trojan horse for autonomous transportation
Chris Yu will tell you his micromobility company, Also, is much more than an e-bike maker. Its market is every vehicle smaller than a car.
TL;DR
- Also, a micromobility company, raised $150 million in Series D funding, reaching a valuation over $1 billion.
- The company's technology platform is designed for vehicles smaller than cars, with initial applications in e-bikes and electric delivery quads.
- Also aims to develop a standard for small-form-factor autonomous vehicles within five years.
- Despite challenges in the e-bike market, Also believes demand is strong and issues lie with product reliability, not market size.
- The company has partnerships with Amazon and DoorDash, focusing on commercial applications of its technology.
- Rivian, a major shareholder, provides valuable driving data for training Also's autonomy systems.