AbstractAdvanced Organic Chemical Materials Co‐constructed Mechanically bonded amphiphiles (MBAs), also known as mechanically interlocked molecules (MIMs), have emerged as an important kind of functional building block for the construction of artificial molecular machines and soft materials. Herein, a novel MBA, i. e., bistable [2]rotaxane H2 was designed and synthesized. In the solution state, H2 demonstrated pH and metal ion‐responsive emissions due to the presence of a distance‐dependent photoinduced electron transfer (PET) process and the fluorescence resonance energy transfer (FRET) process, respectively. Importantly, the amphiphilic feature of H2 has endowed it with unique self‐assembly capability, and nanospheres were obtained in a mixed H₂O/CH₃CN solvent. Moreover, the morphology of H2 aggregates can be tuned from nanospheres to vesicles due to the pH‐controlled shuttling motion‐induced alternation of H2 amphiphilicity. Interestingly, larger spheres with novel pearl‐chain‐like structures from H2 were observed after adding stoichiometric Zn²⁺. In particular, H2 shows pH‐responsive emissions in its aggregation state, allowing the visualization of the shuttling movement by just naked eyes. It is assumed that the well‐designed [2]rotaxane, and particularly the proposed concept of MBA shown here, will further enrich the families of MIMs, offering prospects for synthesizing more MIMs with novel assembly capabilities and bottom‐up building dynamic smart materials with unprecedented functions.