Core Insights - Micromobility company Also, which was spun out from Rivian, is collaborating with DoorDash to develop autonomous delivery vehicles, with DoorDash participating in Also's $200 million Series C funding round [1][2] - The funding round has raised Also's total funding to $505 million and increased its valuation to over $1 billion [2] - Also's initial product is a high-end e-bike, and it has plans for small, pedal-assist delivery vehicles that can carry over 400 pounds [3][4] Funding and Valuation - Also has secured a total of $505 million in funding, with a valuation exceeding $1 billion [2] - The Series C funding round was led by Greenoaks Capital, with DoorDash also taking a board seat [1][2] Product Development - Also began as a project within Rivian in 2022, initially focusing on electric bikes and collaborating with Jony Ive's design firm [3] - The company is now developing autonomous versions of its small electric vehicles, leveraging Rivian's technology and retail presence [5][6] Strategic Partnerships - DoorDash's involvement marks the first indication of Also's move towards autonomous vehicle development [5] - Amazon, a major investor in Rivian, has placed orders for thousands of delivery vehicles from Also, indicating strong market interest [4] Technology and Autonomy - Rivian plans to utilize a combination of cameras, ultrasonic sensors, radar, and lidar for vehicle autonomy, which may also be applicable to Also's products [7] - DoorDash has its own autonomy department and has developed a robot vehicle called Dot, which could potentially handle the autonomous technology for Also [8][9]