Also, the Palo Alto-based micromobility company spun out of Rivian closed a $150 million Series D financing round on Wednesday to bring “driven and autonomous small EV vehicles to consumers and businesses worldwide.” The round was led by Prysm Capital, with participation from Eclipse Capital, Greenoaks and MVP Ventures. The new capital will fund the development of Also‘s autonomous vehicle platform and what the company described as the “simultaneous development of multiple autonomous form factors for both goods and passengers” across urban environments. These autonomous vehicles will leverage much of the EV architecture already developed for its consumer electric bike, the TM-B, and its commercial electric delivery quad, the TM-Q, unveiled earlier this year. “Whether a vehicle is driven or autonomous, the need to solve for congestion and cost per trip doesn’t change,” co-founder and President Chris Yu said in a statement. Yu added he was thrilled by the support of the company’s partners and the ability to fast-track development of the autonomous platform. Autonomous Push The autonomous push builds on the multi-year commercial agreement Also signed with DoorDash in March to collaboratively develop and deploy autonomous delivery vehicles at scale. DoorDash also invested in Also’s $200 million Series C round, which closed earlier this year and was led by Greenoaks. Also separately holds a multi-year deal with Amazon — one of Rivian‘s earliest supporters — announced in October 2025, to supply thousands of pedal-assist e-cargo quads for delivery fleets in Europe and the United States. Prysm Capital’s Jay Park, who co-founded the firm, drew a direct parallel between Also and the fund’s early backing of Rivian, about which he said they “saw the potential behind wonderfully designed, vertically integrated electric trucks, vans and SUVs.” According to Park, Also is “applying that same approach to smaller form factor vehicles to