Autonomous vehicle startup ALSO has officially reached a $1 billion valuation, marking a major milestone in its rapid rise within the self-driving technology sector. The company, which spun out of Rivian in 2025, announced a $200 million Series C funding round led by Greenoaks Capital, with DoorDash investing alongside and signing a multi-year commercial agreement to deploy ALSO’s purpose-built autonomous delivery vehicles.
Strategic Partnership with DoorDash
The collaboration with DoorDash is particularly significant, as it represents the first major autonomous delivery partnership for the company. DoorDash co-founder Stanley Tang has joined ALSO’s board as an observer, signaling a deep commitment from the food delivery giant to integrate autonomous technology into its logistics network. The agreement will see DoorDash deploy ALSO’s vehicles for last-mile delivery, aiming to reduce costs and improve efficiency in its growing fleet.
Focus on Electric, Autonomous Delivery
ALSO’s business model centers on small electric vehicles designed specifically for urban delivery use. By leveraging its expertise in electric vehicle engineering and autonomous navigation, the company is positioning itself as a key player in the future of logistics. The funding will be used to scale production, accelerate development of its autonomous systems, and expand partnerships with other delivery and logistics firms.
This strategic move not only underscores the growing interest in autonomous delivery solutions but also highlights the increasing convergence of tech, logistics, and sustainable transportation. As urban delivery networks become more complex, companies like ALSO are stepping in to offer scalable, eco-friendly alternatives to traditional delivery methods.
