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Rivian Sells Commercial Electric Vans

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10 hours ago

Summary

Rivian is selling commercial electric vans to US businesses, ending exclusivity deal with Amazon; company will offer two van models: the 500 and the 700; move opens up new revenue stream for Rivian

Key Points

Rivian is now selling its commercial electric vans to any US-based business.
The company will offer two van models: the 500 and the 700.
This move marks a significant shift after ending its exclusive deal with Amazon.

Why It Matters

This development opens up new revenue streams for Rivian as it prepares for the launch of a more-affordable SUV next year, a crucial time for the company to pare losses.

Author

Kirsten Korosec

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