Rivian Automotive has announced the expansion of his commercial electric bus sales to all American companies, a shift in the company’s strategy more than a year after Rivian terminated his exclusivity agreement with Amazon in November 2023. The release notes that the electric Rivian commercial van has two sizes, the 500 and 700, with a load of up to 2,663 pounds and a gross vehicle weight rating of a maximum of 9,500 pounds.
Tom Solomon, Senior Director of Rivian Business Development, emphasized the success of the existing collaboration with Amazon and stated: “Amazon currently has more than 20,000 in his fleet and has supplied more than a billion packages from his electric delivery vans in 2024 alone. In the past year we have our efforts aimed at testing with a few larger fleets, and we are very happy with how those tests have disappeared. As a result, we are pleased to be able to open the sale to fleets of all sizes in the US, whether they want 1 van or thousands. “
Tech Crunch reports that the timing of this expansion is crucial for Rivian. While the company works to reduce losses prior to the launch of a more affordable SUV next year, the commercial business could offer a much needed boost. Unfortunately for life enthusiasts, Tech Crunch adds that although Rivian opens the sale for all companies, individual consumers who want to convert these vans for personal use, have to wait. The company has specified that buyers must be registered companies.
Battery-electric and zero emissions truck maker Nikola racet against time and takes cash reserves because it is looking for a buyer for his entire company in April, according to declarations of corporate lawyers during the first bankruptcy hearing in Delaware.
The company, that Ford Motor Co. In 2020, it briefly surpassed in market value, on Wednesday in Chapter 11 Bankruptcy Protection, after he had not secured an additional capital or found a buyer in recent months. Nikola now hopes to auction his assets to satisfy more than $ 1 billion in obligations.
“We believe it is a melting ice cream cube,” said Joe Barsalona Tech Crunch, referring to Nikola’s quickly exhausting $ 47 million cash balance. Barsalona is a lawyer who represents shareholders in a class action right case against the company.
CEO Stephen Girsky said in a sworn explanation that Nikola had investigated sales options months before the bankruptcy application. The company collaborated with Goldman Sachs to approach 22 potential acquirers in the truck production and transport logistics sectors. While two international car manufacturers initially showed interest, both eventually ran away from potential deals.
