Wednesday, October 14, 2020

Rivian

Amazon revealed its brand new line of electric delivery vans last week. Their fleet total is expected to reach 10,000 in 2022 and 100,000 by 2030. Alexa will be giving hands-free help with navigation and weather forecasts, of course. 


But the vans are not from Tesla (Jeff Bezos and Elon Musk are famously not friends). Rivian is the company making them. They've taken a low public profile for about eleven years, but have big investors.

A round of investment last July included Amazon and T. Rowe Price and amounted to $2.5 billion. Ford itself chipped in $500 million and will eventually sell the Rivian.

from The Verge

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