Rivian offshoot Additionally increases one more $200M to develop e-bikes and even more

Rivian spinoff Also raises another $200M to build e-bikes and more

Additionally Inc., the micromobility start-up drew out of Rivian previously this year, has actually increased $200 million from Greenoaks Resources, according to a new report from Bloomberg News

The financing round brings Additionally’s post-money evaluation to $1 billion. The start-up raised $105 million from Eclipse Ventures previously this year when it was cleaved from Rivian.

Additionally began as a skunkworks group inside Rivian in 2022 referred to as Task Inder, as TechCrunch previously reported. The group began servicing an e-bike and also touched famous Apple developer Jony Ive’s company LoveFrom to help with the project.

Currently developed as its very own firm, Additionally prepares to make micro-EVs of all sizes and shapes, and is intended to expose the very first styles at some time later on this year.

Rivian and Additionally can not be grabbed remark. TechCrunch will certainly upgrade the write-up if the business react.

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