BRIEF-Rivian Spins Out Micromobility Business Into New Startup Also, Inc.

Reuters

2025/03/26

March 26 (Reuters) - Rivian Automotive Inc RIVN.O:

RIVIAN SPINS OUT MICROMOBILITY BUSINESS INTO NEW STARTUP—ALSO, INC.
RIVIAN AUTOMOTIVE INC - RETAINS MINORITY OWNERSHIP STAKE IN ALSO
RIVIAN AUTOMOTIVE INC - ALSO SECURES $105 MILLION INVESTMENT FROM ECLIPSE VENTURES
RIVIAN AUTOMOTIVE INC - EXPECTS R2 DELIVERIES IN FIRST HALF OF 2026
RIVIAN AUTOMOTIVE INC - CEO RJ SCARINGE TO SERVE AS CHAIRMAN OF ALSO'S BOARD

Source text: ID:nBw8Lj9h9a

Further company coverage: RIVN.O

((Reuters.Briefs@thomsonreuters.com;))

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