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Rivian Automotive Inc. is spinning out a new "micromobility" company, known as Also, that will develop small electric vehicles designed for short trips. Craig Trudell reports on Bloomberg Television.

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 ...

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RJ Scaringe, chief executive officer and founder of Rivian Automotive Inc., on the pilot production line at the company's headquarters in Irvine. (Alisha Jucevic / Bloomberg via Getty Images ...

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Before RJ Scaringe founded Rivian in 2009, he had micromobility on his mind. More than a decade later, his musings took root in a small skunkworks program inside Rivian that set out to answer one ...