Saturday, February 24, 2024
News Amazon Will Help Rivian Grow

Amazon Will Help Rivian Grow

Rivian can count on the help of Amazon to grow its business in the coming years


  • Amazon owns a 5% stake in Rivian

  • Rivian is making electric delivery vans for Amazon

  • The van order from Amazon is worth $4.5 billion USD

Rivian is still a small automaker, its first production vehicle has just been introduced, but its partnership with Amazon could make it the “next big thing” in the EV world.

Back in 2019, Jeff Bezos announced that Amazon would be ordering electric delivery vans from Rivian in an effort to become carbon neutral by 2040.

Amazon has bought a 5% stake in Rivian, so it will exclusively buy delivery vehicles from it, providing the automaker with a stable and very lucrative customer.

As of now, Amazon has ordered 100,000 vans to be delivered before the end of the decade, with the first 10,000 due by 2023.

The Rivian van is built on a similar platform to the one that underpins the R1T and R1S vehicles, although its range will only be around 150 miles (242 kilometers). The van will be available in three sizes to suit both tight roads or large quantities of parcels.

The reason why Amazon chose Rivian as its means to reach carbon neutrality hasn’t been confirmed, but rumors want that on of the company’s directors owns the production company that filmed the footage of the R1T used at its launch in Los Angeles.

This contract is obviously of massive importance to Rivian, since it is worth approximately $4.5 billion USD. In order to fulfill it, the automaker is prioritising vans over its R1T and R1S mass market vehicles, which means waiting times for the R1T pickup are now stretching up to two years.

In addition to the money this partnership will raise for Rivian, it can also attract it more commercial customers and these types of orders are very lucrative.

With the influx of funding that will be available to it in the next years due to the contract with Amazon, Rivian will be able to expand its operations, introduce new general public models and add to its production capacity. This is why many people believe Rivian could overtake Tesla and become the “next big thing” in the EV world.

Trending Now

Scout Motor : more details revealed

Production of the two vehicles is set to start in 2026. The unveiling of the two EVs is scheduled later in 2024.   As part...

Volkswagen Reportedly Planning Boxster-Related New Scirocco

New 'Roc could arrive in 2028 Would share platform with Porsche and Audi TT One of the coolest Volkswagens of all could be making...

Stellantis Exploring Production of Leapmotor EVs in Western Markets, CEO Reveals

Stellantis CEO Carlos Tavares has unveiled plans that could see the automotive giant manufacturing Leapmotor's EV technology in Europe and North America. This strategic...

Genesis Could Launch Hybrid Models in 2025

The company had previously planned to launch only electric models starting in 2025. Now, sources claim the G80 and GV70 could become the...

Volkswagen Unveils the Electrifying ID.7 Tourer

Volkswagen has introduced the ID.7 Tourer, or the station wagon version of the ID.7 sedan. This new addition stands out as one of the...


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.