ALSO Partners with DoorDash for Strategic Collaboration
ALSO announced its partnership with DoorDash (DASH). "Through a strategic investment and multi-year commercial collaboration, we'll work together to deploy small, purpose-built EVs designed to optimize how goods move in dynamic, population-dense environments," the company explained. "Small autonomous EVs are optimal in these environments," said ALSO Co-Founder and President Chris Yu. "That is what ALSO is building from the ground up." This collaboration comes alongside ALSO's $200M Series C financing round, led by Greenoaks, with participation from Prysm Capital and strategic investment from DoorDash. As part of the partnership, Stanley Tang will join ALSO as a Board Observer. Of note, ALSO was spun out of Rivian (RIVN) last year as the company's dedicated micromobility unit. Rivian retains a significant minority ownership stake in it.
