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ALSO’s $150M Series D
ALSO has raised a $150 million Series D financing round to accelerate development of its autonomous vehicle platform and expand its lineup of small electric vehicles for moving people and goods.
“ALSO has raised a $150 million Series D financing round”
Pulse 2.0 says Prysm Capital led the round, with participation from Eclipse, Greenoaks and MVP Ventures, and that the financing follows a $200 million Series C completed earlier in 2026.
TechCrunch reports the Series D was led by Prysm Capital and included existing backers Eclipse, Greenoaks, and MVP Ventures, and says Also has raised $455 million since its founding less than two years ago.
The company said the new capital will be used to “accelerate the development” of its autonomous driving technology and the “simultaneous progression of multiple autonomous form factors,” according to TechCrunch.
Autonomous delivery push
TechCrunch says the micromobility startup that spun out of Rivian last year is expanding beyond pedal-assist electric bikes and commercial cargo quads to autonomous delivery vehicles.
Pulse 2.0 adds that ALSO plans to use the new capital to accelerate development of multiple autonomous vehicle form factors serving urban transportation and delivery applications.
Pulse 2.0 states that those vehicles will build on much of the electric vehicle architecture already developed for ALSO’s TM-B consumer electric bike and TM-Q commercial electric delivery quad.
TechCrunch reports that DoorDash struck a multiyear commercial agreement to develop and deploy autonomous delivery vehicles as part of the earlier funding round, and that DoorDash made a strategic investment in ALSO as part of that $200 million Series C.
Backers and next steps
Pulse 2.0 quotes ALSO co-founder and president Chris Yu saying, “Whether a vehicle is driven or autonomous, the need to solve for congestion and cost per trip doesn’t change.”
““Whether a vehicle is driven or autonomous, the need to solve for congestion and cost per trip doesn’t change.””
TechCrunch quotes Prysm Capital co-founder and managing partner Jay Park explaining, “We backed Rivian early because we saw the potential behind wonderfully designed, vertically integrated electric trucks, vans, and SUVs,” and says ALSO is applying that same approach to smaller-form-factor vehicles.
Pulse 2.0 says ALSO is headquartered in Palo Alto and is also expanding into international markets, while TechCrunch reports Rivian holds a minority stake and Scaringe serves on its board.
Pulse 2.0 says the TM-B Launch Edition electric bike has started shipping to customers across the U.S., and that initial deliveries of TM-B Performance and Standard models are expected to begin this fall.