Key facts
- Also, a Rivian spinoff, began delivering its TM-B e-bikes after missing a spring 2026 target.
- The TM-B sells for $3,500 to $4,500 and includes a touchscreen and removable battery.
- Chris Yu, Also cofounder and president, said chip and circuit board shortages caused the delay.
- Also partnered with DoorDash in 2026 to develop autonomous delivery vehicles.
- Also said its recent $150 million funding round will support development of several autonomous vehicle types.
Also, a spinoff from EV maker Rivian, has begun delivering its TM-B e-bikes to customers after missing its original spring 2026 delivery target, cofounder and president Chris Yu told Business Insider. The bikes sell for $3,500 to $4,500.
Yu attributed the delay to tight supply of memory, chips and high-performance circuit boards, components also used in AI servers and robotics. He said the company has since committed to communicating more often with customers holding reservations.
The company says the TM-B includes a touchscreen, a removable battery and a pedal-by-wire drivetrain. Also has partnered with DoorDash this year to develop and deploy autonomous delivery vehicles, and said its recent $150 million funding round will help it develop several autonomous vehicle types for moving people and goods.
The company began as a project inside Rivian before becoming a stand-alone business. Yu frames the e-bike as an entry point for a broader line of small vehicles, with a family SUV for long trips and an e-bike for short errands cited as a possible future garage. The bike launch follows a period in which the average US new vehicle transaction price sits above $51,000, a figure the report cites without naming a source.