spinout

Also secures $150M to expand from e-bikes to autonomous delivery

Rivian's spinout just closed another $150 million, this time led by Prysm Capital, and that's a clear signal. The company is moving beyond pedal-assist e-bikes and commercial cargo quads, aiming squarely at autonomous delivery vehicles. It's a bold next step, one that feels less like an experiment and more like a deliberate push into logistics. We've watched similar momentum in adjacent spaces, such as Nscale's recent infrastructure funding, and it's encouraging to see capital flow toward practical, scalable mobility.