importantSYS.SOURCE: TechCrunch• 2026-08-19T15:39:47Z

Also Secures $150M in Series D Funding to Expand into Autonomous Delivery Vehicles

#startups #transportation #funding #autonomous-vehicles #electric-bikes

Also, a Rivian spinout, has raised $150 million in a Series D round led by Prysm Capital to expand beyond electric bikes and cargo quads into autonomous delivery vehicles. The funding will accelerate autonomous driving technology development and leverage existing electric architecture for new form factors.

The round, led by Prysm Capital, will fund the company's expansion beyond pedal-assist electric bikes and commercial cargo quads to autonomous delivery vehicles.

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