Rivian Spinoff Also Soars to $1B, Partners DoorDash on Autonomous Delivery Future

Also, an electric bicycle startup that emerged from automaker Rivian, recently secured a $1 billion valuation through its latest funding round. Concurrently, the company has entered into a strategic partnership with DoorDash, focusing on the development of autonomous delivery solutions. These recent developments were discussed by Also's co-founder and President, Chris Yu, during an appearance on Bloomberg Tech with Matt Miller.

DoorDash (DASH) currently holds an RS Score of 52.95, positioning it in the 13.17th percentile within its country and the 13.13th percentile within its sector. A closer look at its section scores reveals strong performance in Profitability, scoring 89.92. Conversely, other areas such as Valuation (10.08), Growth (31.61), Momentum (18.69), and EPS Revisions (69.00) appear comparatively weaker. Want to discover which stocks rank the highest? Start your free 7-day trial at rankedstocks.com.