Funding round
ALSO Series B
ALSO, which works in electric vehicle design and manufacturing in Palo Alto, raised $105M in a Series B round announced on 26 Mar 2025. 1 firm took part. It is ALSO's first venture round on record.
$105M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
ALSO did not disclose a valuation in this round. It is ALSO's first venture round on record, in the year it was founded (2025). It is 23% of the $455M ALSO has raised in the venture rounds on record. ALSO raised again 12 months later: a Series C round of $200M in Mar 2026, at $1.00B post-money.
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- Eclipse backs 79 venture-backed companies
Comparable rounds
How it compares
7 Series B rounds in Automobile Dealers & Manufacturers within a year either side disclosed an amount; the median was $100M, and this round was close to the median. The closest in time, other companies' Series B rounds in Automobile Dealers & Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automobile Dealers & Manufacturers | 29 Apr 2025 | $54M | not disclosed | FedEx |
| Automobile Dealers & Manufacturers | 14 Jan 2025 | $100M | not disclosed | Capricorn's Technology Impact Fund and Leitmotif |
| Automobile Dealers & Manufacturers | 11 Nov 2024 | $100M | not disclosed | Blue Lake Capital and CDH Investments |
| Automobile Dealers & Manufacturers | 2 Oct 2025 | undisclosed | not disclosed | not named |
| Automobile Dealers & Manufacturers | 18 Dec 2025 | $15M | $61M | Singularity AMC |
| Automobile Dealers & Manufacturers | 28 Jan 2026 | $40M | not disclosed | National Reconstruction Fund Corporation and Barrenjoey |
| Automobile Dealers & Manufacturers | 11 Apr 2024 | $110M | not disclosed | not named |
| Automobile Dealers & Manufacturers | 1 Mar 2026 | $100M | not disclosed | Horizon Robotics and Gaorong Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did ALSO raise in its Series B round?
ALSO raised $105M in its Series B round, announced in Mar 2025.
Which investors took part in ALSO's Series B round?
Eclipse.
What was ALSO's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Automobile Dealers & Manufacturers?
7 Series B rounds in Automobile Dealers & Manufacturers within a year either side disclosed an amount; the median was $100M, and this round was close to the median.
Did ALSO raise again after this round?
Yes: a Series C round in Mar 2026 of $200M at $1.00B post-money.