ALSO, founded in 2019, is an electric vehicle company focused on developing small vehicles for transporting both people and cargo. The company operates with a strategy of vertical integration across its technology stack, which includes advanced software, autonomy, and sensing systems. Its headquarters are located in Palo Alto, California, with additional facilities in Seattle, Washington, and Taichung City, Taiwan.
The company's current flagship product is the TM-B e-bike, a modular platform designed to convert between a cargo bike, commuter bike, and trail bike without requiring tools. This product represents the company's concept of 'Transcendent Mobility'. ALSO has secured significant financial backing, including a Series A funding round of $105 million and subsequent funding of $200 million, bringing its total investment to $305 million and achieving a valuation of $1 billion.
ALSO originated as an internal group of engineers and designers within the EV manufacturer Rivian before establishing itself as an independent entity. The organization states its culture is centered on connection, freedom, and collective impact, with a belief that movement encompasses more than just transportation.
