Rivian has announced the spin-out of its new micromobility startup, Also, which has secured $105 million in funding from Eclipse Ventures. Founded by RJ Scaringe, Also aims to create affordable, Rivian-quality electric bikes and other small vehicles. The startup's team, comprised of experts from major tech companies, will leverage Rivian's technology and resources. Scaringe intends to address the high costs of existing e-bikes, aiming for production next year in the U.S. and Europe. The first vehicle designs are expected to be unveiled later this year.