TechCrunch Startup News Rivian spinoff Also raises another $200M to build e-bikes and more
Jul 11, 2025
A micromobility startup, emerging from Rivian, has secured a remarkable $200 million in funding, aiming to revolutionize electric vehicles. They've set their sights on crafting innovative micro e-bikes, collaborating with renowned designers. Meanwhile, French AI company Mistral is gearing up to raise a staggering $1 billion to strengthen its position and infrastructure in Europe, attracting interest from major investors. Exciting times lie ahead in both tech fronts!
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Also's Rivian Origin Story
- Also Inc. spun out of Rivian and raised $200 million from Greenoaks Capital this year.
- They started as Rivian's Project Ender and collaborated with Apple designer Johnny Ive's firm Love From.
Also's Rapid Growth and Plans
- Also is valued at $1 billion post-money after its recent funding round.
- It plans to unveil its first micro EV designs later this year, expanding beyond e-bikes.
Mistral's Ambitious AI Funding
- French AI startup Mistral aims to raise up to $1 billion from global and local investors for AI advancements.
- It collaborates with major entities to build Europe's largest AI data center and supports AI sovereignty in France.