ALSO Secures $1 Billion Valuation in Partnership with Greenoaks
Deal News | Jul 24, 2025 | Goodwin
ALSO has secured a significant investment from Greenoaks, resulting in the company being valued at $1 billion. This partnership aims to expedite ALSO's progress toward becoming a leader in micromobility products and technology. With established partners such as Eclipse and Rivian, ALSO is strategically positioned to make significant strides in the burgeoning global micromobility market. The advisory team from Goodwin, led by David Pendergast and Patrick Sims, was instrumental in facilitating this deal. Additionally, earlier this year, Goodwin's team also supported ALSO's entry into the market with backing from Rivian and financing from Eclipse.
Sectors
- Micromobility
- Venture Capital
- Advisory Services
Geography
- Global – The article discusses the global micromobility market, where ALSO is positioned to have a significant impact.
Industry
- Micromobility – The micromobility industry focuses on lightweight transportation solutions, and the investment in ALSO supports its leadership aspirations in this sector.
- Venture Capital – Greenoaks' investment values ALSO at $1 billion, highlighting the role of venture capital in fueling growth and innovation in emerging markets.
- Advisory Services – Goodwin's involvement demonstrates the importance of legal and advisory support in major investment transactions.
Financials
- $1 Billion – The valuation of ALSO following the investment by Greenoaks.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ALSO | Target Company | Company | A company focused on leading the micromobility products and technology sector. |
| Greenoaks | Investor | Company | A venture capital firm investing in ALSO to further its growth in the micromobility sector. |
| Goodwin | Legal Advisor | Company | A legal firm that represented ALSO in the transaction with Greenoaks. |
| Eclipse | Existing Partner | Company | A partner in ALSO that provides financial support and strategic guidance. |
| Rivian | Existing Partner | Company | An automotive company partnering with ALSO to support its technological advancements. |
| David Pendergast | Legal Advisor | Person | A leader from Goodwin's team advising ALSO on the transaction. |
| Patrick Sims | Legal Advisor | Person | A leader from Goodwin's team advising ALSO on the transaction. |