Rivian spinout Also was working on an e-moto project in Kenya — until it walked away
Also co-founder and president Chris Yu told TechCrunch that he wanted to prioritize autonomous vehicles.
The recent decision by Also, a Rivian spinout, to abandon its e-moto project in Kenya is a significant development in the tech industry. This move suggests that the company is shifting its focus towards more advanced and potentially lucrative technologies, such as autonomous vehicles. By prioritizing autonomous vehicles, Also is likely trying to capitalize on the growing demand for self-driving cars and the potential for high returns on investment in this field.
The abandonment of the e-moto project in Kenya may also indicate that the company has reassessed its priorities and is now focusing on more strategic and high-impact initiatives. This decision could have implications for the electric vehicle market in Africa, where e-motos have been gaining popularity as a sustainable and affordable mode of transportation. The withdrawal of Also from this project may create opportunities for other companies to fill the gap and invest in the African e-moto market.
As the tech industry continues to evolve, it will be interesting to watch how Also's decision to prioritize autonomous vehicles plays out. The company's co-founder and president, Chris Yu, has clearly stated the company's new focus, and it will be important to monitor the progress and developments in this area. Additionally, the impact of Also's withdrawal from the e-moto project in Kenya on the local market and the broader electric vehicle industry will be worth watching, as it may have significant implications for the future of sustainable transportation in Africa.
Originally reported by techcrunch.com. TechNews adds analysis for technology readers.