What is Also?
Founded in 2025 and headquartered in Palo Alto, California, Also is dedicated to developing a new generation of efficient and sustainable electric vehicles. The company's core innovation lies in its proprietary technology platform, which integrates motors, batteries, electronics, and software. This in-house development aims to differentiate Also's offerings in the electric micromobility industry, which includes e-bikes and microcars. Also plans to introduce its flagship product in early 2026, with initial market entry focused on the U.S. and European regions, followed by a global rollout across both consumer and commercial segments.
How much funding has Also raised?
Also has raised a total of $305M across 2 funding rounds:
Other Financing Round
$105M
Series C
$200M
Other Financing Round (2025): $105M with participation from Eclipse Ventures
Series C (2026): $200M led by Prysm Capital, Greenoaks, and DoorDash
Key Investors in Also
Prysm Capital
Prysm Capital is a venture capital firm that provides growth capital and strategic partnerships to disruptive technology and consumer-focused companies with validated product-market fit and strong management teams.
Greenoaks
Greenoaks Ltd is a UK-based supplier specializing in storage solutions, though in this context, it likely represents a financial investment arm rather than its primary business operations.
DoorDash
DoorDash, a leading commerce platform for delivery, has invested in Also, indicating a potential strategic interest in the future of mobility and logistics, possibly for last-mile delivery solutions.
What's next for Also?
The substantial enterprise-level backing and recent strategic investment position Also for aggressive growth and market penetration. With a planned product launch in early 2026, the company is likely to focus on scaling its manufacturing capabilities, expanding its engineering team, and executing its go-to-market strategy in key international markets. This significant capital infusion will be critical for establishing brand presence, building out distribution networks, and potentially further research and development to maintain a competitive edge in the rapidly evolving electric micromobility landscape.
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