Also

What Also does

Also, Inc. is a California-based electric micromobility company that designs, manufactures, and sells software-defined small electric vehicles targeting both individual consumers and commercial fleet operators. The company was spun out of Rivian Automotive in March 2025 with $105 million in seed funding from Rivian and Eclipse Ventures, and as of March 2026 had raised more than $300 million in total funding at a $1 billion unicorn valuation. Rivian retains a minority ownership stake and provides access to automotive-grade battery cells and engineering expertise; Rivian CEO RJ Scaringe serves as Board Chairman while former Rivian executive Chris Yu leads the company as Co-Founder and President.

The company sells the TM-B Class 3 e-bike ($3,500-$4,500), the TM-Q four-wheel electric cargo and passenger quad, the Alpha Wave smart helmet ($250), and a modular top-frame system (Solo/Utility/Bench accessories). Its core technology is the proprietary DreamRide pedal-by-wire propulsion system, which replaces the traditional mechanical drivetrain with a series-hybrid architecture using a generator motor to capture rider input and a traction motor (180 Nm torque, ~2x typical ebike) to drive the wheels, paired with Rivian-grade battery cells (538-808 Wh, up to 100-mile range) and OTA-updateable software. Connected features (Portal touchscreen display, GPS tracking, remote disabling, tamper alerts) are gated behind a $10/month Connect+ subscription.

The business model combines direct-to-consumer e-commerce (ridealso.com with $50 refundable reservations) with company-owned retail stores in major US metros, plus enterprise fleet sales to commercial operators. Revenue is generated primarily through one-time hardware sales, accessory attach, and recurring Connect+ subscriptions. Commercial fleet deployment is anchored by a multi-year Amazon agreement for thousands of TM-Q e-cargo quads across 70+ micromobility hubs in the US and Europe, and a March 2026 strategic partnership with DoorDash for autonomous last-mile delivery vehicles that includes strategic equity investment. Manufacturing is planned in Taiwan using company-owned machinery, with global supply management based in Taichung City.

Name

Also

Legal name

Also, Inc.

Website

https://ridealso.com

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

251–500 employees

Short description

Also is a California-based electric micromobility company, spun out of Rivian in 2025, that designs and sells software-defined e-bikes and four-wheel cargo quads featuring proprietary DreamRide pedal-by-wire propulsion for consumers and commercial fleet operators including Amazon and DoorDash.

Ownership category

akta.pro rank

Product category

Electric Micromobility Vehicles

NAICS

Motorcycle, Bicycle, and Parts Manufacturing (336991), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Motor Vehicle Transmission and Power Train Parts Manufacturing (33635)

SIC

Motorcycles, Bicycles & Parts (3751), Motor Vehicle Parts & Accessories (3714)

akta.pro primary industry

E-bikes & E-cargo Bikes Manufacturing (IMACAOAA)

akta.pro secondary industries

Light Electric Vehicles (NEVs/LSEVs/Quadricycles) Manufacturing (IMACAOAC), Micromobility Powertrain Manufacturing (Motors/Controllers/Drivetrains) (IMACAOAD), Micromobility Electrical/Electronic Components Manufacturing (Wiring/Displays/Telematics/IoT) (IMACAOAI)

Keywords

• Electric micromobility vehicles
• E-bike manufacturing
• Electric cargo bikes
• Software-defined e-bikes
• Modular electric bicycles

Headquarters

HQ city

Palo Alto

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. E-Bike Sales: One-time hardware sales of TM-B e-bikes (base model at $3,500, Performance at $4,500) and TM-Q four-wheel delivery vehicles. Revenue recognized at point of delivery. Top frame accessories ($350-$500) and Alpha Wave helmet ($250) as add-on purchases.
2. Connect+ Subscription: Recurring subscription service at $10/month (billed annually) providing enhanced security features including tamper alerts, remote disabling, real-time GPS tracking, and future features like enhanced navigation. Generates predictable recurring revenue from installed base.
3. Fleet/Corporate Sales: B2B sales of TM-Q delivery vehicles to commercial partners like Amazon and other logistics companies. Multi-year fleet agreements with custom configurations. Potential for dedicated service and support contracts.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels11 records

Core offering

Also designs, manufactures, and sells software-defined electric micromobility vehicles, anchored by the TM-B Class 3 e-bike and the TM-Q four-wheel electric cargo/passenger quad. Its vehicles run on a proprietary DreamRide pedal-by-wire propulsion platform that replaces the traditional mechanical drivetrain with software-controlled dual motors, modular swappable top frames, an onboard Portal touchscreen, and OTA-updatable firmware. The company sells direct-to-consumer through its website and upcoming company-owned retail stores, and sells TM-Q fleets commercially to logistics operators.

Product overview

ALSO is an electric micromobility company offering a portfolio of small electric vehicles built on a software-defined platform. The core product is the TM-B e-bike featuring proprietary DreamRide technology that replaces traditional mechanical drivetrains with software-controlled pedal-by-wire propulsion. The TM-Q extends this technology to four-wheel cargo and passenger vehicles. Both products share the Portal touchscreen interface and connect to the ALSO App. Modular top frames (Solo, Utility, Bench) allow single bikes to serve multiple use cases. The company also offers the Alpha Wave smart helmet as an accessory. Products target both consumers and commercial fleet operators including Amazon and DoorDash partnerships.

Differentiator

Problem solved

Functional benefit

Products and services

• TM-B Class 3 E-Bike A Class 3 software-defined electric bike with proprietary DreamRide pedal-by-wire propulsion, 28 mph top speed, up to 100 mi range on the large battery, modular swappable top frames, built-in navigation/audio/security via the Portal touchscreen, and OTA updates. Targeted at premium individual commuters, families, and recreational riders replacing short car trips.
• TM-Q Electric Cargo/Passenger Quad Four-wheel electric cargo and passenger vehicle designed for bike lanes and city streets, sharing Also's DreamRide pedal-by-wire architecture. Available in commercial and consumer configurations; commercial version is sold to fleet operators including Amazon for last-mile delivery across 70+ micromobility hubs in the US and Europe.
• Alpha Wave Smart Helmet

Quantifiable outcome

• 0-20 mph acceleration in under 3 seconds with 0.3G acceleration equivalent to car off the line
• +4 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability5 records

Feature7 records

Partnerships

Four partnerships are on record, tiered flagship, minor and core.

• DoorDashflagshipStrategic or Co-development Partner · 31 March 2026Strategic partnership and investment for autonomous last-mile delivery. DoorDash invested in ALSO's Series C round and entered a multi-year commercial agreement to develop and deploy small autonomous EVs for dense urban delivery. DoorDash co-founder Stanley Tang joined ALSO as Board Observer. Partnership focused on 'in-between' spaces like bike lanes and curbsides that conventional delivery vehicles cannot efficiently navigate.
• AmazonflagshipChannel Partner/ Reseller/ Distributor · 23 October 2025Multi-year partnership for deployment of TM-Q pedal-assist e-cargo quad vehicles across Amazon's 70+ micromobility hubs in the U.S. and Europe. Amazon purchasing thousands of vehicles for last-mile delivery fleet expansion, building on existing Rivian electric van partnership.
• Chase SlateminorChannel Partner/ Reseller/ Distributor · 22 October 2025Financing partnership through Chase Slate to provide installment payment options for TM-B purchases, making the $3,500-$4,500 e-bike more accessible to consumers.
• RiviancoreStrategic or Co-development Partner · 26 March 2025Parent company that spun out ALSO as independent company in March 2025. Rivian retains a substantial minority ownership stake. CEO RJ Scaringe serves as Chairman of ALSO's Board. ALSO uses Rivian-grade battery cells and benefits from shared technology platform and automotive engineering expertise.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Specialized Bicycle Components: Premium bicycle and e-bike maker; the most direct premium consumer e-bike competitor. Notably, Also's Co-Founder/President Chris Yu is a former Specialized executive, indicating direct category overlap in premium performance e-bikes targeting enthusiast and commuter consumers.
• Trek Bicycle Corporation: One of the largest premium bicycle manufacturers globally with a substantial e-bike lineup (Domane+, Allant+, Rail). Competes head-on with TM-B in the premium commuter/recreational e-bike segment and has established dealer/service infrastructure Also lacks.
• Rad Power Bikes: Leading direct-to-consumer e-bike brand in North America with broad product range including cargo e-bikes. Competes directly with TM-B on DTC distribution and with TM-Q-style cargo use cases, though at lower price points ($1,200-$2,500).
• Aventon: DTC e-bike brand offering commuter, fat-tire, and folding e-bikes at mid-premium price points. Closely comparable go-to-market (DTC + retail showrooms), category mix, and consumer target as Also's TM-B.
• Xtracycle: Cargo-bike specialist offering family and utility e-cargo bikes (e.g., Stoker, Hopper) in the US. Directly comparable to TM-B's Utility top-frame configuration and to TM-Q's cargo use case for families and small businesses.

Emerging players

• VanMoof: Pioneered the premium connected e-bike category (S5/A5) with integrated electronics, app, and over-the-air updates — directly comparable to Also's software-defined vehicle thesis, although the brand restructured in 2023 and operates at smaller scale.
• Cowboy: Belgium-based premium connected e-bike maker with app-integrated riding, GPS tracking, and theft detection — overlapping Also's Connect+/Portal value proposition in the premium commuter segment at similar ~€2,500-€3,500 ASP.
• Cake (CAKE): Swedish premium electric light-mobility maker producing electric motorcycles, mopeds, and the Makka utility/cargo platform. Comparable to Also in its premium positioning, automotive-grade engineering ethos, and extension into commercial cargo use cases overlapping with TM-Q.

Broad incumbents

• Giant Bicycles: World's largest bicycle manufacturer with a broad e-bike portfolio across commuter, mountain, and road categories. A broader incumbent competitor across Also's TM-B consumer target market, with established global dealer networks and OEM scale advantages.
• Bosch eBike Systems: Dominant e-bike drivetrain supplier powering most premium e-bikes (Specialized, Trek, Giant) with motors, batteries, and connected software. A potential competitor and/or partner for ALSO's proprietary DreamRide platform — represents the established tech incumbent Also's software-defined approach must displace or coexist with.

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Ride_Also
• LinkedInlinkedin.com/company/ridealso
• Instagraminstagram.com/ridealso
• TikToktiktok.com/@ridealso
• Xx.com/RideAlso
• Facebookfacebook.com/61579774435103

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds5 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Also