DoorDash Joins $200 Million Funding Round in Also with Strategic Investment

Deep News03-31 23:20

The investment is part of a collaboration between Also and DoorDash aimed at scaling development and advancing autonomous delivery operations.

DoorDash has invested in electric vehicle company Also as part of a $200 million Series C funding round led by Greenoaks. This investment is one component of a broader partnership between Also and DoorDash, which includes a multi-year commercial agreement to jointly scale and accelerate autonomous delivery services.

DoorDash co-founder Stanley Tang will join Also as a board observer. The partnership will focus on deploying autonomous vehicles in challenging environments such as intersections involving roadways, bike lanes, and curb spaces. Also President Chris Yu stated, "Small autonomous electric vehicles are the ideal solution for these scenarios, which is exactly what Also has built from the ground up."

The newly raised funds will support Also’s ongoing efforts in product development, manufacturing, and global deployment of its compact vehicles.

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