Rivian spinout Also raises another $150 million
The round, led by Prysm Capital, will fund the company's expansion beyond pedal-assist electric bikes and commercial cargo quads to autonomous delivery vehicles.
2026-08-19
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The round, led by Prysm Capital, will fund the company's expansion beyond pedal-assist electric bikes and commercial cargo quads to autonomous delivery vehicles.
Lectric, which says the U.S. market is ripe for competition and choice, has launched three new brands in the past six months.