Rivian spinoff Also to start delivering e-bikes after months of delays

Rivian spinoff Also is finally starting to deliver its highly anticipated e-bikes to customers after months of delays, with the company confirming that the first batch of bikes has shipped out to buyers, 97% of whom are new to the e-bike market. The news comes as a welcome relief to the over 10,000 customers who have been waiting for their bikes, some of whom have been waiting for as long as six months. Also's e-bike, known as the TM-B, features a unique design with a removable battery pack and a range of up to 50 miles on a single charge. The TM-B is priced competitively at 2,299 dollars, which is lower than many of its competitors, and has been designed with the urban commuter in mind, featuring a sleek and compact design that makes it easy to navigate through busy city streets. Background and History Also was founded in 2020 by a team of experienced engineers and designers who had previously worked at Rivian, and has since raised over 20 million dollars in funding from investors. The company has been working on the TM-B for several years, and has filed multiple patents for its innovative design. What to Expect Next Also has big plans beyond the TM-B, with the company mostly referring to itself as a vehicle company, and has plans to make four-wheel pedal-assist cargo vehicles for Amazon, which will be used to help the company reduce its carbon footprint. Also is also working on a range of other products, including a new line of e-motorcycles, which are expected to be launched later this year. Future of E-Bikes The e-bike market is expected to continue to grow in the coming years, with sales projected to reach over 1 billion dollars by 2025, and Also is well positioned to take advantage of this trend. The company's focus on innovative design and competitive pricing has helped it to stand out in a crowded market, and its plans to expand into new areas such as cargo vehicles and e-motorcycles will help it to continue to grow and evolve. Conclusion and Final Thoughts One clear takeaway from the news that Also is starting to deliver its e-bikes is that the company is committed to innovation and customer satisfaction, and is willing to take the time necessary to get its products right, with 75% of customers saying they would recommend the company to a friend, which is a testament to the company's focus on quality and customer service.