ALSO, an electric bike and transportation startup, has reached a $1 billion valuation in a new funding round

[R1S88]

• Also, an electric bike and transportation startup, has reached a $1 billion valuation in a new funding round and has struck a partnership with DoorDash to work on autonomous deliveries.
• The financing brought in $200 million for Also and was led by existing investor Greenoaks Capital, with other backers including Prysm and DoorDash.
• Also is partnering with DoorDash on a multiyear effort to help develop and build out autonomous last-mile delivery, and DoorDash co-founder Stanley Tang will join Also as a board observer.

https://www.bloomberg.com/news/arti...n-doordash-partnership?embedded-checkout=true

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[ElGuano]

I will never get used to that company name. Every time I see a thread title with Also in it, I read it like "OK, which company reached $1B? And what was the first unnamed company that also hit 1B??"

 

[UnsungZero_OldTimeAdMan]

Technically it’s allcaps, ALSO. Lazy writers with no editorial supervision ignore that and cause confusion. Besides, it’s just a name. How would you feel if people leap to conclusions about you based only on your name?

 

[VSG]

@R1S88: When you quote information you found on the internet, please always provide a link to your source. And preferably a primary source like a press release from ALSO, DoorDash, or Greenoaks, which are the only sources that can authoritatively make these statements..

In this case, it looks like your source is an Instagram account that just scrapes the web and reposts "news", perhaps with the help of AI to fill in details. (Although I can't say for sure, because you didn't link to it ...?) Hardly an authority. So essentially what you're doing here is posting a third hand account of some interpretation of some press release, without attribution. That's more like a rumor than news.

And in this case, the "news" about the $1 billion valuation is actually from July 9, 2025:
https://ridealso.com/blogs/all/our-...72CbUp_N0uj4jsk-Q7rRF4eTGLTrdX66AxtUaTU4gQeXn

The only thing recent is the DoorDash deal announced today March 31, 2026:
https://ridealso.com/blogs/all/also-partners-with-doordash-to-accelerate-autonomous-delivery
but that says nothing about what valuation was used for the new funding round.

 

[R1S88]

@R1S88: When you quote information you found on the internet, please always provide a link to your source. And preferably a primary source like a press release from ALSO, DoorDash, or Greenoaks, which are the only sources that can authoritatively make these statements..

In this case, it looks like your source is an Instagram account that just scrapes the web and reposts "news", perhaps with the help of AI to fill in details. (Although I can't say for sure, because you didn't link to it ...?) Hardly an authority. So essentially what you're doing here is posting a third hand account of some interpretation of some press release, without attribution. That's more like a rumor than news.

And in this case, the "news" about the $1 billion valuation is actually from July 9, 2025:
https://ridealso.com/blogs/all/our-...72CbUp_N0uj4jsk-Q7rRF4eTGLTrdX66AxtUaTU4gQeXn

The only thing recent is the DoorDash deal announced today March 31, 2026:
https://ridealso.com/blogs/all/also-partners-with-doordash-to-accelerate-autonomous-delivery
but that says nothing about what valuation was used for the new funding round.

Apologies - I saw it behind a paywall on Bloomberg, so didn't post the link...but here's a WSJ link, for those that can access
https://www.wsj.com/business/entrepreneurship/doordash-invests-in-also-as-part-of-200-million-funding-round-4566787b?gaa_at=eafs&gaa_n=AWEtsqfU-fLS1dwshzXfdvDEd_NHU7DnAMjfeIPTErHBN1-voedywLvK5kE1NAdMQaE=&gaa_ts=69cc0282&gaa_sig=KMinY3Cbo0c83bw9i6pCtYRfirqbMqjyWwK5nUeT41BCRhtzFnPyhHqhc8JITRxXISMBTFWd3LtsVe7PWqlRbw==

 

[R1S88]

https://www.prnewswire.com/news-rel...egic-partnership-with-doordash-302729433.html


DoorDash invests in ALSO's Series C as a strategic partner, alongside a multi-year commercial agreement to collaboratively develop and accelerate the deployment of autonomous delivery at scale

Prysm Capital joins ALSO's $200 million Series C financing round led by Greenoaks

PALO ALTO, Calif., March 31, 2026 /PRNewswire/ -- ALSO, a Palo Alto–based technology company building the world's most capable small EVs, today announced a strategic partnership with DoorDash. This partnership includes an investment in ALSO as well as a multi-year commercial agreement to develop and accelerate deployment of autonomous delivery at scale. In addition, DoorDash Co-Founder and Head of DoorDash Labs Stanley Tang will join ALSO as a Board Observer.

 

[R1S88]

this quotes the 1 bn valuation https://techcrunch.com/2026/03/31/r...ld-autonomous-delivery-vehicles-for-doordash/


As part of the deal, DoorDash took part in Also’s $200 million Series C funding round, which was led by previous investor Greenoaks Capital. DoorDash is getting a seat on Also’s board of directors, too.

The raise brings Also’s total funding to $505 million, and puts its valuation above $1 billion. The startup got off the ground with a $105 million investment from Eclipse, which is also backing Mind Robotics — an external industrial AI company that Rivian created late last year.

Also began as a skunkworks project inside Rivian in 2022. The EV-maker initially set out to build an electric bike, and even collaborated with Jony Ive’s design firm LoveFrom, as TechCrunch first reported last year. Also’s first product is a high-end, funky-looking e-bike, but it has also shown off designs for small, pedal-assist delivery vehicles.

 

[VSG]

Yes, the PR Newswire article is quoting the ALSO press release (with quotation marks, and a link to the original release), and PR Newswire does cite their source and attribute it properly, without adding bogus commentary of "has reached a $1 billion valuation in a new funding round" like Bloomberg appears to have done.

This mixing of opinion and facts without attribution is insidious, and once a false statement like "has reached a $1 billion valuation" gets inserted into the news stream, everyone seems to start parroting that statement and it takes root as "fact".

So it's not news that ALSO is valued at above $1 billion - that happened last year. The news is that there has been an additional funding round with DoorDash as an investor. The unstated news is that DoorDash is interested primarily in the quad, not the two-wheeler. Amazon is also running trials on using the quad for last-mile urban deliveries. This is the business sector that investors should pay attention to - the $1 billion valuation is not because they are making e-bikes.

The Techcrunch article seems to have done a reasonable job of reporting this press release and putting it in context with other facts.

 

[DD4ST]

I will never get used to that company name. Every time I see a thread title with Also in it, I read it like "OK, which company reached $1B? And what was the first unnamed company that also hit 1B??"

Yea, try Googling “ALSO”. I can see a “Who’s on first?” Like routine in this name.

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