Also, a spinout from electric vehicle maker Rivian, has secured $150 million in a new funding round, the company announced this week. The fresh capital aims to accelerate the development and deployment of its electric vehicle charging infrastructure across the United States, expanding its footprint beyond Rivian’s own vehicles.
The funding round was led by existing investors, with participation from strategic partners interested in the EV charging ecosystem. Also’s CEO highlighted that this infusion will enable the startup to scale its network and improve charging technology. The company has been focusing on creating a seamless charging experience tailored for electric trucks and SUVs, leveraging Rivian’s expertise and market insights.
This latest raise comes amid growing competition in the EV charging sector, where companies like ChargePoint and Electrify America have established significant networks. Also’s connection to Rivian provides a unique advantage in targeting the emerging market for electric adventure vehicles. The $150 million round follows previous investments that helped the startup build initial infrastructure and pilot programs in key regions.
Also plans to deploy hundreds of new charging stations by the end of 2026, aiming to support Rivian’s expanding customer base and other EV drivers. The company disclosed that it will prioritize locations along popular outdoor and off-road destinations, aligning with Rivian’s brand positioning and customer needs.