Rivian Electric Bike Spinoff Signs Deal with DoorDash

Also, an electric-bike startup spun out of Rivian, raised a funding round valuing the company at $1.0 billion and struck a partnership with DoorDash to develop autonomous deliveries. The valuation and DoorDash tie-up indicate robust investor interest in micromobility and last-mile autonomy and could accelerate pilots and commercialization; co-founder Chris Yu discussed the deals on Bloomberg Tech.

Analysis

Also, an electric-bike startup spun out of Rivian, raised a funding round valuing the company at $1.0 billion and struck a partnership with DoorDash to develop autonomous deliveries. The valuation and DoorDash tie-up indicate robust investor interest in micromobility and last-mile autonomy and could accelerate pilots and commercialization; co-founder Chris Yu discussed the deals on Bloomberg Tech.