Rivian is set to sell its commercial electric vans to any registered U.S. business, more than a year after ending its exclusivity deal with Amazon. The company plans to offer two models, the smaller 500 and the larger 700, targeting a wider market and developing crucial service and digital infrastructure. This move follows a year of trials with potential fleet customers, as Rivian aims to build new revenue streams amid significant losses and the upcoming launch of a more affordable SUV in 2024. Amazon currently operates 20,000 Rivian vans in its fleet.
Rivian is now offering its commercial electric vans to any registered U.S. business, expanding its market after ending its exclusive deal with Amazon.
The launch of Rivian's commercial vans opens a new revenue stream that is crucial for the company as it prepares for a more-affordable SUV launch.
Rivian's focus over the past year has been on testing with larger fleets and developing necessary infrastructure to support this commercial venture.
Amazon currently operates 20,000 Rivian-produced commercial vans, stemming from a partnership that began with a significant investment and exclusivity agreement.
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