Rivian’s Electric Commercial Van Now Available to More Companies

Rhea-AI Summary

RIVN: Rivian Automotive Announces Sale of Custom-Designed Commercial Van, Enabling Companies Worldwide to Electrify Delivery Fleets and Reduce CO2 Emissions

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• Rivian Automotive (RIVN) is expanding its market reach by offering its custom-designed Rivian Commercial Van to other companies, providing a significant opportunity for businesses worldwide to transition to state-of-the-art electric delivery vehicles.
• The partnership with Amazon and the emphasis on safety, driver comfort, and sustainability position Rivian as a key player in the electrification of last-mile delivery, aligning with the global push to reduce CO2 emissions in the transportation sector.
• The in-house software stack and fleet management tools offered by Rivian provide a comprehensive solution for businesses to efficiently manage their electric delivery fleet, with real-time data, remote commands, and insights to streamline operations and minimize costs.

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IRVINE, Calif.--(BUSINESS WIRE)-- Rivian Automotive, Inc. (NASDAQ: RIVN) today announced that it will enable other companies to purchase its custom-designed Rivian Commercial Van. This move provides companies all around the world more opportunity to electrify their delivery fleets with a state-of-the-art vehicle, which will help to further reduce CO2 emissions.

The Rivian Commercial Van is the platform on which Amazon’s custom electric delivery van is based, and is designed from the ground up prioritizing safety, driver comfort, and sustainability. Safety features include automatic emergency braking, collision warnings, and 360-degree visibility – meaning the Rivian Commercial Van is engineered to be among the safest vehicles on the road today.

“Rivian and Amazon share a mission to decarbonize last mile delivery and have been working together since 2019 to make that a reality,” said Udit Madan, vice president of transportation at Amazon. “This has been part of our plan with Rivian from the beginning – we’ve always said that we want others to benefit from their technology in the long run because having more electric delivery vehicles on the road is good for our communities and our planet.”

With the two available vehicle sizes, the vans have a payload of up to 2,734 lb. and up to a Gross Vehicle Weight Rating of up to 9,500 lb. Rivian’s in-house software stack controls nearly every interaction, from unlocking the vehicle and opening the door, to charging and acceleration. When applied to the commercial space, this enables Rivian to provide easy access to critical fleet information – including real-time data and remote commands, driver and vehicle insights, alerts and analytics. These tools streamline fleet ownership and minimize costs, while increasing safety and productivity.

“We’re excited to open sales of our electric commercial van to more businesses. Around a quarter of CO2 emitted in the transportation sector in the US comes from commercial vehicles, so it’s imperative we do all we can as soon as possible to help cut emissions,” said RJ Scaringe, CEO of Rivian. “Amazon is, and will remain, a key partner for us, and we look forward to continuing to work closely with the Amazon team as we help them to achieve their Climate Pledge goal.”

About Rivian:

Rivian (NASDAQ: RIVN) exists to create products and services that help our planet transition to carbon neutral energy and transportation. Rivian designs, develops, and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. Rivian complements its vehicles with a full suite of proprietary, value-added services that address the entire lifecycle of the vehicle and deepen its customer relationships. Learn more about the company, products, and careers at www.rivian.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231107578430/en/

Rivian:

Harry Porter - media@rivian.com

Source: Rivian Automotive, Inc.

FAQ

What is the ticker symbol of Rivian Automotive, Inc.?

The ticker symbol for Rivian Automotive, Inc. is RIVN.

What is the payload of the Rivian Commercial Van?

The vans have a payload of up to 2,734 lb.

What safety features are included in the Rivian Commercial Van?

Safety features include automatic emergency braking, collision warnings, and 360-degree visibility, making it one of the safest vehicles on the road.

What is the focus of Rivian's partnership with Amazon?

Rivian and Amazon share a mission to decarbonize last mile delivery, working together to achieve the goal of having more electric delivery vehicles on the road.

What fleet management tools does Rivian offer for commercial van owners?

Rivian provides in-house software stack and fleet management tools that offer real-time data, remote commands, driver and vehicle insights, alerts, and analytics to streamline fleet ownership and minimize costs.