Also, an electric bike and transportation startup spun out of Rivian Automotive Inc., has reached a $1 billion valuation in a new funding round, and has struck a partnership with DoorDash Inc. to work on autonomous deliveries.
The financing brought in $200 million for Palo Alto, California-based Also and was led by existing investor Greenoaks Capital. Other backers included Prysm and DoorDash, the company plans to announce Tuesday.
