Rivian spinout Also raises $150m, and the e-bike is just the wedge

Also, the Rivian-spun micromobility startup, has closed a $150 million Series D led by Prysm Capital, valuing the company at over $1 billion and bringing total funding to $455 million. The money will fund its platform of small autonomous vehicles—bikes, delivery quads and driverless pods—built on a shared electric motor, battery and software stack. The firm already supplies pedal-assist cargo units to Amazon and has a multi-year DoorDash contract for autonomous last-mile delivery machines.