Also will offer small, lightweight EVs to serve customers at various price points and across geographies, the company said.

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

While Rivian might be known for electric pickup trucks and SUVs, the manufacturer has been quietly developing e-bikes for years. Rivian announced on Wednesday that the secret venture was spun off into a new micromobility company called Also.