"ALSO's product thesis emphasizes that the last mile of delivery requires vehicles built from scratch for dense urban environments, rather than retrofitting autonomy onto existing platforms."
"The partnership with DoorDash is significant because it includes a commercial agreement with a real timeline, providing ALSO with a major operator's network for testing and deployment."
ALSO, a small electric vehicle company spun out of Rivian, raised $200 million in a Series C funding round led by Greenoaks Capital. DoorDash participated strategically, signing a multi-year commercial agreement to deploy autonomous vehicles for last-mile delivery. The funding values ALSO at over $1 billion. The partnership emphasizes a commitment to developing vehicles specifically designed for urban delivery environments. The TM-Q cargo EV is a likely candidate for deployment, enhancing the operational capabilities of DoorDash in urban settings.
Read at TNW | Investors-Funding
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