Known as Also will focus on e-bikes as well as three- and four-wheel products including neighborhood EVs and micro cars.

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. Micromobility encompasses a variety of vehicles, including electric bikes, scooters and skateboards.

Rivian Automotive is spinning out its micromobility business into a new startup called Also Inc. The Irvine, Calif., electric-vehicle maker said Wednesday it plans to have a substantial minority shareholder in Also.