Core Viewpoint - The article discusses the emergence of Also Inc., a spin-off from Rivian, which has secured $200 million in strategic financing, achieving a post-money valuation exceeding $1 billion, marking its rapid growth in the micro-mobility sector [2][21]. Group 1: Also Inc. and Its Development - Also Inc. was formed from Rivian's "Project Inder," focusing on lightweight electric two- and three-wheel vehicles, in response to the explosive growth of the global micro-mobility market [6][4]. - The company aims to position itself as a "micro-mobility solutions expert," with a product matrix that includes electric bicycles, three-wheelers, and four-wheel microcars [6][8]. - The flagship product is expected to launch in 2026 in Europe and North America, with plans for customized models for Asia and South America [7]. Group 2: Market Potential and Strategic Rationale - The global micro-mobility market is projected to exceed $50 billion by 2027, with electric bicycles accounting for over 40% of this market, highlighting a significant opportunity for Also [9]. - The shift towards micro-mobility is driven by urbanization trends, with predictions that by 2050, 70% of the global population will live in cities, creating a demand for efficient short-distance transportation solutions [9][8]. - Rivian's decision to spin off Also allows for more agile decision-making and resource allocation, enabling Rivian to focus on its core business of full-size electric vehicles while maintaining a stake in Also [12][13]. Group 3: Future Outlook and Innovations - Also's team has grown to nearly 70 members, with its first product, a two-wheeled single-seat smart transportation vehicle, expected to be unveiled later this year [18][19]. - The company plans to develop a range of products, including foldable electric scooters and three-wheeled logistics vehicles, to complement Rivian's full-size electric vehicles and create a comprehensive electric mobility ecosystem [20]. - The market has responded positively to Also's growth, with its valuation reaching unicorn status within six months of its formation, indicating strong investor confidence in its long-term potential [21][22].