Palo Alto-based ALSO has closed a $200m Series C and announced a strategic partnership with DoorDash, bringing together a small EV maker and one of America's largest delivery platforms to tackle autonomous last-mile delivery.

DoorDash is investing in the round as a strategic partner and has signed a multi-year commercial agreement with ALSO to jointly develop and deploy autonomous delivery at scale. Greenoaks led the financing, with Prysm Capital also participating. As part of the deal, DoorDash co-founder and Head of DoorDash Labs Stanley Tang joins ALSO's board as an observer.

Chris Yu, co-founder and president of ALSO, framed the partnership around the specific terrain ALSO targets: "I couldn't be more excited to partner with the team at DoorDash to deploy autonomy in areas not yet fully solved for, at the intersection of roadways, bike lanes and road-adjacent spaces."

What ALSO Builds

ALSO designs small electric vehicles purpose-built for the spaces that larger vehicles can't efficiently serve, bike lanes, curbs, and road-adjacent areas. Originally incubated within Rivian, the company combines in-house hardware, software, and manufacturing under one roof.

Its first two products are already out: the TM-B electric bike and the TM-Q electric delivery quad. Both are pedal-capable EVs. ALSO plans to begin U.S. deliveries in 2026, followed by international markets.

Why DoorDash Is Betting Here

Last-mile delivery is expensive and getting harder to scale, especially in dense urban environments where vans and trucks simply don't fit. ALSO's vehicles are built specifically for those environments, the awkward intersection of sidewalks, bike lanes, and narrow streets which most autonomous delivery efforts haven't fully cracked yet.

"Last-mile delivery is a physical-world challenge and the details matter, from curb access to making sure an order arrives on time and intact," said Stanley Tang. "ALSO is building purpose-built EVs that are designed to unlock new ways to meet customers and merchants where they are."

The DoorDash deal is not ALSO's first major commercial partnership. In October 2025, ALSO announced a multi-year collaboration with Amazon on a customised pedal-assist e-cargo quad, with plans to expand Amazon's micromobility fleet with thousands of quads across Europe and the U.S. 

Where the Capital Goes

The $200m will fund product development, manufacturing scale-up, and global deployment. For a company still in its early commercialisation phase, the round gives ALSO the runway to move from first products to full-scale production.

Prysm Capital's co-founder and managing partner Jay Park described the investment thesis plainly: "We believe the team, product vision, and timing position ALSO to lead the next wave of innovation in global electric transportation."