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Rivian completed the spinoff of its micromobility program into a separate company, Also, Inc., on March 26, 2025. Rivian kept an equity investment—reported at 31.2% of Also on a shares-outstanding basis as of September 30, 2026—rather than distributing Also shares to people who own RIVN stock. The transaction created a separate business for small electric vehicles, while leaving important employee and customer details unresolved.
That distinction matters. Shareholders own Rivian, not automatically Also; employees connected with the program may have moved to a new employer under terms that are not public; and Rivian vehicle owners should not assume their warranties, service arrangements, accounts, or reservations changed. Here is what the public record establishes and what each group should verify directly.
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What exactly happened in Rivian’s micromobility spinoff?
Rivian announced the completed transaction on March 26, 2025, when it spun its micromobility business into Also, Inc. The program had started inside Rivian as an effort to apply the company’s software, electronics, and electric-propulsion capabilities to smaller vehicles. Rivian concluded that small, lightweight vehicles required different products, branding, and markets, so it placed the operation in a standalone company. The launch announcement says Rivian retained a substantial minority interest and expected opportunities to collaborate in the future.
Also’s launch plan covered small electric vehicles for consumer and commercial uses rather than Rivian’s larger electric trucks and SUVs. Also announced $105 million in investment from Eclipse Ventures at launch. That figure is the financing announced in 2025, not a current valuation and not a guaranteed return for Rivian investors.
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Rivian founder and CEO RJ Scaringe said that a complete transition to electrified transportation would require a range of vehicle types and form factors. The statement explains the strategic rationale; it does not promise a particular financial, employment, or customer result.
The transaction is different from Rivian’s 50/50 joint venture with Volkswagen focused on electrical architecture and software. The Volkswagen venture is a separate structure and should not be treated as part of Also’s micromobility business.
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Do Rivian shareholders receive Also shares directly?
No. The reviewed announcements and filings describe Rivian retaining an ownership interest in Also; they do not describe a pro-rata distribution of Also shares to Rivian’s public shareholders. Owning RIVN stock therefore does not give an investor a separate Also brokerage position.
For a Rivian shareholder, the economic exposure to Also is indirect. Rivian’s stake can eventually affect Rivian’s assets, earnings, financing needs, or strategic options, but the effect is mediated through Rivian’s ownership and accounting. An investor cannot assume that every change in Also’s value will move RIVN by the same percentage.
Investors should also distinguish the launch announcement from later capitalization. Also raised additional preferred financing from third parties in December 2025, January and March 2026, and July and August 2026. Those issuances diluted Rivian’s percentage ownership.
How large is Rivian’s retained stake, and what does dilution mean?
Rivian’s Form 10-Q for the quarter ended September 30, 2026 reports a 31.2% ownership interest in Also on a shares-outstanding basis. The filing is the clearest current public measure in the available data, but it is a snapshot for that reporting date, not a permanent percentage.
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| Question | What the public record says | Why it matters |
|---|---|---|
| Did Rivian keep an interest? | Yes, a substantial minority stake. | Rivian retains economic and strategic exposure to Also. |
| Reported ownership | 31.2% as of September 30, 2026. | The percentage is after dilution from later Also financings. |
| Were Also shares distributed to RIVN holders? | No distribution is described. | Exposure remains indirect through Rivian. |
| Did Also’s results materially affect Rivian’s reported results? | Rivian said its share of Also’s results was not material for the three and nine months ended September 30, 2026. | The filing does not support a claim that Also currently drives Rivian’s earnings. |
In practical terms, dilution means Rivian owns a smaller fraction of a company that has issued more equity. Dilution does not by itself establish that Rivian lost money: if the new financing increases Also’s value or supplies capital for growth, the value of Rivian’s remaining interest could still change in either direction. The public filing provides ownership and accounting facts, not a forecast for RIVN’s share price.
Governance links remain relevant. The launch announcement said Scaringe would chair Also’s board, and it mentioned possible future collaboration, including selective use of Rivian’s retail footprint. Those arrangements indicate a continuing relationship, but they are not evidence of a specific revenue contribution, valuation, or customer benefit.
Can the spinoff change Rivian’s stock price?
It can influence how investors assess Rivian, but no mechanical stock-price effect follows from the transaction. Markets may consider the value of Rivian’s Also stake, the possibility of future collaboration, and whether separating micromobility lets Rivian focus capital and management on its core vehicles. They may also weigh dilution, the cost of supporting a minority investment, and uncertainty about Also’s ability to commercialize products.
Rivian’s September 2026 filing says its share of Also’s results was not material for the periods reported. That limits what can responsibly be inferred from current earnings. The filing does not provide a standalone public valuation for Also or a target return for Rivian shareholders.
Shareholders reading future Rivian reports should look for changes in the percentage ownership, accounting treatment, new financing at Also, related-party transactions, and statements about collaboration. A higher or lower RIVN price cannot be attributed to the spinoff alone without evidence about what investors are pricing at that time.
Did Rivian employees move to Also?
Rivian’s annual report says it contributed certain employees, intellectual property, and fixed assets that had previously been dedicated to micromobility product development. That supports the conclusion that some workers moved with the business, but the public filings do not provide a complete list of names or roles.
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TechCrunch reported at launch that Also’s team numbered about 70 people and included backgrounds at Apple, Google, Specialized, Tesla, REI Co-op, and Uber. That was a contemporaneous media estimate, not an audited or current headcount. It should not be used to infer how many people work at Also in 2026.
The reviewed sources do not disclose each worker’s employer-of-record date, salary, bonus, benefits, severance, retention arrangements, equity treatment, immigration status, or whether an individual had a choice about transferring. Those terms can differ by employee and jurisdiction.
What should an affected employee verify?
An employee should rely on transfer documents and direct communications rather than assumptions about how a corporate spinoff normally works. The key questions are:
- Who is the legal employer? Confirm the effective date and the entity named on the employment agreement, payroll records, and tax forms.
- What happens to compensation? Check salary, bonus targets, commission plans, deferred compensation, and the treatment of unvested Rivian equity.
- How do benefits carry over? Verify health coverage, retirement-plan treatment, paid leave, disability coverage, and any waiting periods.
- What intellectual-property obligations apply? Review invention-assignment, confidentiality, and device-return provisions, especially for work created before and after the transfer.
- Who handles disputes and support? Identify the human-resources contact and the entity responsible for payroll corrections, benefits claims, and references.
None of these terms can be filled in from the public announcement. If a document conflicts with a general statement about the spinoff, the individual’s signed agreement and applicable employment law control.
Will Rivian customer warranties, service, or accounts change?
The reviewed materials do not announce a change to Rivian vehicle warranties, service contracts, reservations, customer accounts, or customer data. Rivian owners should therefore not assume that a warranty moved to Also or that Rivian service obligations changed simply because the micromobility program was separated.
Also is a separate company developing smaller electric vehicles. Rivian said the companies might collaborate and might use selected Rivian retail locations, but it did not promise that Rivian would sell, service, or warrant every Also product. A shared showroom, if one is used, would not by itself establish which company is responsible for a repair or contract.
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For a specific issue, the controlling evidence is the purchase agreement, warranty booklet, reservation confirmation, privacy notice, and the support contact shown in the customer’s account. Ask the company named in those documents whether the arrangement has changed, and keep the response in writing.
What products does Also offer, and what does that mean for customers?
Also’s business is aimed at small, lightweight electric vehicles for consumer and commercial uses. The first specifically reported product in the reviewed sources is the Also TM-B Launch Edition electric bike.
TechCrunch reported on July 31, 2026 that the TM-B Launch Edition was priced at $4,500 and that Also expected to deliver bikes between the following week and September after supply-chain delays. That report describes a dated delivery expectation; it does not confirm that every reservation was delivered or that all support issues were resolved.
Customers considering an Also product should treat it as a purchase from a separate company, even if a Rivian retail location becomes involved. Before paying a deposit or accepting delivery, confirm the seller of record, warranty provider, repair network, return rules, software-account requirements, parts availability, and the process for delayed or canceled orders. The reviewed Rivian and Also announcements do not specify those policies across all products.
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The safest approach is to match the question to the document that governs it.
- Shareholders: Read Rivian’s latest 10-Q and annual report for ownership percentage, dilution, accounting treatment, and related-party disclosures. The September 30, 2026 Form 10-Q reports the 31.2% figure.
- Employees: Use the transfer letter, employment agreement, equity-plan documents, benefits notices, and payroll records. Public filings are not a substitute for those individual terms.
- Rivian vehicle owners: Check the warranty booklet, service agreement, owner account, and official support channel for the vehicle’s vehicle identification number.
- Also customers: Check the order confirmation and warranty terms issued by Also or the named seller. Ask who is responsible for delivery, repairs, refunds, and customer data if a Rivian location is involved.
Keep the dates and legal entities in any response. “Rivian,” “Also,” and a retail partner may appear together in marketing while having different contractual responsibilities.
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What is the timeline of the transaction?
- Before March 2025: Rivian developed a micromobility program internally using its software, electronics, and electric-propulsion capabilities.
- March 26, 2025: Rivian announced the completed spinout into Also, Inc., retained a substantial minority stake, and described possible collaboration. Also announced $105 million in launch investment from Eclipse Ventures.
- 2025 launch period: TechCrunch reported an Also team of about 70 people. The figure was a media report at launch, not a current audited count.
- December 2025 through August 2026: Also issued new preferred shares to third parties in several financings, diluting Rivian’s ownership percentage.
- July 31, 2026: TechCrunch reported a $4,500 price for the TM-B Launch Edition and an expected delivery window after supply-chain delays.
- September 30, 2026: Rivian’s quarterly filing reported 31.2% ownership on a shares-outstanding basis and said its share of Also’s results was not material for the three and nine months ended that date.
What remains unknown about the Rivian spinoff?
Several questions cannot be answered from the reviewed public record:
- There is no complete public roster of transferred employees or a schedule of their individual employment terms.
- The sources do not state whether any employee could decline a transfer, what severance applied, or how Rivian equity was handled.
- There is no public commitment that Rivian will sell or service all Also products.
- The sources do not specify who handles warranties, repairs, reservations, accounts, or customer data when the companies interact.
- No published statistic isolates the spinoff’s effect on Rivian shareholder returns, employee outcomes, or customer satisfaction.
- The $105 million launch financing is not a current valuation, and the 31.2% ownership figure can change with future issuances.
Stating these limits is important because a corporate separation often creates assumptions that the transaction documents do not support. The known facts establish a separate company and Rivian’s minority investment; they do not establish a guaranteed stock gain, a uniform employee experience, or a universal change in customer support.
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What can readers conclude now?
Rivian’s micromobility spinoff is complete, and Also operates as a separate company with Rivian still holding a significant but diluted minority interest. For shareholders, the exposure is indirect and currently reported as not material to Rivian’s results. For employees, some micromobility personnel and assets were contributed, but individual terms are private. For customers, the companies’ possible collaboration does not by itself alter a Rivian warranty or guarantee Rivian service for an Also product.
The practical rule is to follow the legal entity named in the relevant filing, employment document, purchase contract, warranty, or support record. That is the only reliable way to determine what the spinoff means for a particular investor, worker, or customer.
Frequently Asked Questions
Is Also publicly traded, or can I buy its shares through a brokerage account?
The reviewed materials describe Also as a separate company financed privately, with Rivian retaining an interest. They do not identify a public stock listing or a way for ordinary investors to purchase Also shares directly.
Does Rivian’s 31.2% stake give it control of Also?
A 31.2% ownership interest is a substantial minority position, not proof of majority control. Control rights depend on voting arrangements, board rights, and the company’s governing documents, which are not fully described in the cited public materials.
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Review the order confirmation for the seller and its cancellation or refund terms, then contact the support channel named in that document. A Rivian retail location may be involved selectively, but the public announcement does not establish that Rivian is responsible for every Also order.
Could future fundraising reduce Rivian’s ownership further?
Yes. Issuing additional shares can dilute Rivian again unless it participates sufficiently in a financing. Future percentages depend on Also’s capital-raising terms and should be checked in later company disclosures.
