DoorDash invests in Also in $200 million Series C round

DoorDash invested in EV company Also as part of a $200 million Series C round and entered a multiyear commercial partnership to advance autonomous delivery; DoorDash co-founder Stanley Tang will join Also as a board observer.

DoorDash has invested in electric-vehicle maker Also as part of a $200 million Series C financing round led by Greenoaks, and the companies have announced a multiyear commercial partnership to develop autonomous delivery at scale. The deal includes a governance component: DoorDash co-founder Stanley Tang will join Also as a board observer. Also said the partnership will focus on deploying small autonomous vehicles in challenging urban areas, including intersections, bike lanes and road-adjacent spaces. The new capital will support Also's product development, manufacturing and global deployment plans. Key details: - The Series C round totaled $200 million and was led by Greenoaks, with DoorDash participating as an investor. - DoorDash and Also agreed a multiyear commercial arrangement to develop and accelerate autonomous delivery capabilities. - Stanley Tang, DoorDash co-founder, will serve as a board observer at Also. - Also reported it will target deployments in environments described as intersections, bike lanes and road-adjacent spaces where small autonomous EVs are intended to operate. - The funding is intended to support Also's product development, manufacturing and global vehicle deployment efforts. Summary: The funding and partnership are aimed at accelerating Also's work on small autonomous electric vehicles and expanding commercial deployment with DoorDash as a partner. Specific timelines and detailed rollout plans were not disclosed, so further scheduling information is undetermined at this time.