Rivian, known for its large electric trucks, is setting its sights on small and lightweight vehicles. The Irvine-based automaker said Wednesday it's spinning out its micromobility business into a new startup called Also Inc.

(Reuters) - Micromobility startup Also said on Wednesday it has been spun-off from electric-vehicle maker Rivian Automotive with $105 million in Series B funding from venture capital firm Eclipse and will focus on lightweight EVs.

Rivian has a lot on their plate, but that hasn’t stopped them from creating a new spin off. Known as Also Inc, the micromobility business will be focused on “small, lightweight vehicles that are designed to meet the global mobility transportation challenges of today and tomorrow.”