Rivian spinoff reveals a $3,500 starting price for its first e-bike

Rivian‘s electric mobility spinoff Also announced a $3,500 starting price for its first e-bike called the TM-B. The startup unveiled the shapeshifting e-bike last month, with options for a limited Launch edition, a Performance version or a base model. During the reveal, Also said both the Launch and Performance TM-B models would start at $4,500, but only hinted at the base model’s price tag being less than $4,000.

While the base model TM-B is more than $1,000 cheaper than the other choices, it comes with…