# Rivian spinoff bets e-bikes fill the gap left by expensive cars

> Also, spun out from EV-maker Rivian, is selling e-bikes at $3,500 to $4,500 as America's average car price hits $51,000.
- Title: Rivian spinoff bets e-bikes fill the gap left by expensive…
- Summary: Also, spun out from EV-maker Rivian, is selling e-bikes at $3,500 to $4,500 as America's average car price hits $51,000.
- Keywords: also, rivian, e-bikes, electric vehicles, transportation, chris yu, Business Insider
- Source: Business Insider — https://businessinsider.com/rivian-spinoff-also-e-bikes-2026-11
- Author: Ben Shimkus
- Published: 2026-11-14T10:19:01.224+00:00
- Read time: 1 min
- Topics: also, rivian, e-bikes, electric vehicles, transportation, chris yu, business, technology
## High car prices open a door for bikes
Also, a spinoff from EV-maker Rivian, is selling its TM-B e-bikes for three thousand five hundred to four thousand five hundred dollars. The average American car costs fifty-one thousand dollars.
## The bike is a Trojan horse
Chris Yu, Also's cofounder and president, told Business Insider the e-bike is just the start. The company plans to offer multiple products for different transportation needs.

> The bike is almost like a Trojan horse for what's coming.
## One vehicle for every trip is wasteful
Yu argues Americans use the same cars for everything from deliveries to long trips, like using a 747 to go shopping. Different journeys need different vehicles, he says.

> like we're using a 747 to go shopping
## The perfect garage of the future
Yu envisions a household with a family SUV for long trips, an e-bike for school drop-off, and an unannounced Also product for autonomous grocery runs in ten years.
## Delays taught Also a hard lesson
Also missed its spring delivery target for the TM-B and only began shipping this fall. Yu blamed surging demand for chips and circuit boards used in AI servers and robotics.

> Our customers called us out, and rightfully.
## Key takeaway

Also, a Rivian spinoff, launched its TM-B e-bikes at three thousand five hundred to four thousand five hundred dollars, arguing high car prices create demand for cheaper transportation alternatives.