ALSO Partners with DoorDash for Strategic Collaboration
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 7 hours ago
0mins
Should l Buy DASH?
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.
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Analyst Views on DASH
Wall Street analysts forecast DASH stock price to rise
21 Analyst Rating
18 Buy
3 Hold
0 Sell
Strong Buy
Current: 148.010
Low
224.00
Averages
278.67
High
330.00
Current: 148.010
Low
224.00
Averages
278.67
High
330.00
About DASH
DoorDash, Inc. is engaged in providing services that reduce friction in local commerce and help merchants connect with consumers in their communities. The Company's primary offerings include the DoorDash Marketplace and the Wolt Marketplace (together, the Marketplaces), and its Commerce Platform. The Company's Marketplaces operate in over 30 countries across the globe and provide an integrated suite of services that help merchants establish an online presence, connect with consumers in their communities, and solve mission-critical challenges, such as customer acquisition, demand generation, order fulfillment, merchandising, payment processing, and customer support. It also offers advertising as a value-added service through its Marketplaces to help merchants and consumer packaged goods companies increase consumer engagement. The Company also has offsite advertising capabilities. Its white-label delivery fulfillment services include DoorDash Drive On-Demand and Wolt Drive.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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